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Crude Tanker Rates Double As Oil Prices Plummet

The coronavirus outbreak continues to drag on economic growth, and particularly dampen demand for oil products. Removal of sanctions on a large Chinese...

Tankers Win As Uncertainty Abounds Shipping Industry Amid COVID-19 Crisis

COVID-19 shutting down the majority of the global economy. Capital Link's two-day forum included 15 different panels covering sectors, funding sources, and analyst...

Bunker Credit Problems Escalate Due To COVID19 Pandemic!

Bunker suppliers likely to favor cash in advance Shipowners in Singapore considering longer term bunker contracts COVID-19 prompts some Singapore bunker players to...

Wallenius Wilhelmsen Initiates Strong Actions To Tackle COVID-19

Wallenius Wilhelmsen has withdrawn the proposed dividend for 2019. It has placed up to 10 vessels in cold lay-up in order to address...

Britain Suspends IMO 2020 Shipping Fuel Checks Due To COVID-19

Britain has suspended checks on ships for compliance with low sulphur fuel regulations. The cut back on inspections is to reduce the impact...

Euronav Acquires EcoVLCC for USD 93 Million

Euronav NV has entered into an agreement for the acquisition of VLCC. The acquisition is possible through the resale of one VLCC newbuilding...

HMM Adds 9 Newbuilds from 2M As It Moves Towards 1Million TEU Capacity!

 According to a LoadStar article written by Mike Wackett, HMM is to receive nine ships back that Maersk and MSC sub-chartered March 2017 as...

Wallenius Wilhelmsen Withdraws Proposed Dividend for 2019

According to an article published in Reuters, Wallenius Wilhelmsen has taken decisive action in preparation for challenging COVID-19. Key decisionsWallenius Wilhelmsen ASA - proposed...

Bunker Industry To Shrink by 10% Due To COVID-19 and Low Oil Prices

Coronavirus pandemic and oil price collapse is set to negatively affect the marine industry. The collapse could contract by at least 10% year...

Hunter Tankers Bags USD 80K Time Charters for Three Carriers

Hunter Tankers AS has entered into a six-month time charter agreement for three ships. The ships obtain an average daily rate of approximately...
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