Costamare Inc. announced the acquisition of York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships.
Four of them were built in 2017 and one of which was built in 2016.
The acquisition brings the Company’s...
Diana Shipping Inc (NYSE:DSX) has entered into a time charter contract with Olam International Limited, Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore, reads a press release.
Gross charter rate is $56,000/day
The gross charter rate is...
According to an Independent article, Ardmore Shipping, a Cork-based shipping company listed on the New York Stock Exchange, has posted net income of $20.1m (€17m) for the six months ending June this year, following its strong chartering performance.The company,...
The past week was about the news of collapsing oil prices, as WTI reached negative prices.
Whereas, the start of this week the award for ‘biggest faller’ is given to the freight markets.
Just as you had thought...
CMA CGM Air Cargo has continued to expand its freighter network.
It has added three new destination ports for the airlines.According to an article published in Aircargo News, Recently launched CMA CGM Air Cargo has continued to expand...
Korea Shipbuilding has received a combined 582 billion won (US$529 million) in orders to build several ships.
The company has signed several deals with unidentified shippers in Europe to build seven ships.
The container carriers and LPG ships...
Global Xpress network to be extended, delivering the world’s first and only high-speed mobile broadband capacity for mobility segments in the Arctic region.
New Arctic Global Xpress payloads enable transformation of Fleet Xpress for the merchant shipping, offshore,...
Negotiators have planned to conclude three years of talks on Article 6.
Savings estimated at $250 billion/year from emissions trading.
IETA announces that 5 bil mt/year of CO2 equivalent could be saved at no extra cost.According to an...
Beibu Gulf Port in south China's Guangxi Zhuang Autonomous Region saw its annual container throughput surpass 5 million twenty-foot equivalent units (TEUs) for the first time, reports Xinhuahet News.
Robust container throughput
Over the past five years, the port has witnessed...
According to a Freight Investor Services report, the oil markets are responding to the coronavirus outbreak as the market slumps low, triggering actions from OPEC.
The Coronavirus Effect
The coronavirus infections in China have passed 7,700 with several countries isolating citizens...
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