The Baltic Briefing has released a report about the dry bulk market of the 16th week of shipping activities of this year. The report dated 17th April highlights the plight of the dry bulk market at the on-sight of...
Energy sector calls for innovative energy solutions in the marine sector
Focus on energy storage systems and smart power grids for the offshore and marine environment
The grant call is open for applications at https://ema.gov.sg/ema-keppel-partnership.aspx
A grand platform...
HMM is scaling up its operations as a formal member of The Alliance.
It plans to add 12 vessels in 24,000-TEU class to its fleet by August.
It will take delivery of all 12 units of 24,000-TEU container...
Japan’s government would spend upwards of $2 billion helping its multinationals leave China.
U.S. companies are leaving, too, even though there is no official push.
Spain and Portugal realize their dependence on the service economy hurt them in...
According to a BBC report, China's economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close.COVID19 Effect in ChinaThe world's second biggest economy contracted...
China restocking sees capesize rates on the rise.
Capesize 5TC average hit $7,915 per day on 15th April, up by 41% week on-week.Capesize rates recorded impressive gains in recent days, finally approaching breakeven levels, reports Splash 247.
Impressive gains
China...
OOCL signed contracts to place new order for five new container vessels.
The vessel will cost $155.68 million with a nominal capacity of 23,000 TEU.
It is a part of OOCL’s program to introduce large, modern, and fuel-efficient...
Cash-strapped carriers are set to struggle because of the coronavirus outbreak. Unless they receive governmental aid, many will be forced to sell ships, or even part or the whole of their business, reports the Lloyd's List Northeast Asia Correspondent,...
In a major development, Maersk has announced that they are suspending their TA4 service as market demand reductions continue in America and Europe, says an article published on their website.
What is it?
Due to market demand reductions in North America...
2020 has unleashed a world-wide oil-production cut led by the U.S., Saudi Arabia, and Russia.
Due to lockdown crude-oil demand has collapsed as people stop driving and airplanes are grounded.
Refineries that turn crude into fuel are slowing...
