The Baltic Briefing has released a report about the dry bulk market of the 24th week of shipping activities of this year. The report dated 12th June highlights the plight of the dry bulk market at the on-sight of...
Ocean carriers that haul cars around the world have idled nearly a third of fleets.
Operators try to withstand a downturn in automotive demand due to COVID-19 lockdown.
Operators had two months of literally zero car production, especially...
Stena Bulk is presenting a prototype of the next-generation product and chemical tanker, the IMOFlexMAX.
The vessel will be able to reduce greenhouse gas emissions by more than 25% compared to modern product tankers.
The vessel is designed...
According to a LoadStar report written by Sam Whelan, a post-pandemic push to diversify and shorten supply chains poses new risks to cargo owners, a senior container transport executive has warned.
Supply Chain Diversification
Following the virus outbreak in China and subsequent...
The oil industry has been flipped on its head over the last few months as economic shutdowns around the world have caused demand to plummet by around 20%.
For a short time, oil futures prices even went negative...
Diana Shipping Inc. announces time charter contract for m/v Los Angeles with Engelhart CTP, says a press release published on their website.
The contract
Diana Shipping Inc. (NYSE: DSX), (the “Company”), announced that, through a separate wholly-owned subsidiary, it has entered...
The Baltic Briefing has issued the tanker report for the 24th week of this year. The report dated 12th June 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Another quiet week...
Oldendorff signs a comprehensive package deal with Singapore-based Trust Energy Resources.
The deal is for the acquisition of the following Capesize bulk carriers at an en bloc price of US$ 212,760,000.
The transaction is a package deal that...
Container lines seem to have passed the litmus test, writes Mark Szakonyi in an article published in Caixin Global
What is it?
The container industry have waded through the pandemic with very little damage.
there have been only 10% annual decline in...
Hyundai Heavy-DSME merger probe is back on track in EU, says an article published in Offshore Energy.
EU's anti-trust body investigation
The European Union’s anti-trust body has resumed its investigation into the proposed acquisition of Koran shipbuilder Daewoo Shipbuilding & Marine...
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