Some owners have asked whether they can use force majeure to stop paying their banks. And the quick and easy answer to that one is ‘no’, writes David Osler, the Finance Editor of Lloyd's List from London.SHIPPING COMPANIES THAT...
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 inputs.
Crude tanker owner International Seaways (INSW), is still down nearly 20% YTD.
LNG, LPG,...
The Baltic Briefing has released a report about the dry bulk market of the 14th week of shipping activities of this year. The report dated 03rd April highlights the plight of the dry bulk market at the on-sight of...
According to a Bloomberg report, the cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel -- almost half of what the American benchmark crude is currently valued at -- as the price war...
Boomsma Shipping eSigns contract with Econowind for the latest VentiFoil Installation, says an article published on their website.
What is in the contract?
Under the contract, Econowind will install two of their wind-assist VentiFoil units on one of Boomsma’s vessels.Wind assisted...
Melbourne dockworkers refused to unload a containership carrying critical medical supplies from China.
Workers refused to board even though the ship completed its 14-day quarantine period.
The refusal to unload this ship could disrupt the flow of medical...
The interview focuses on the elements crucial to the national security and maritime industry.
It also discusses safety in the shipping industry and the measurements taken.
Focusses on contribution to the maritime industry and any scope for changes.
Issues...
The Baltic Briefing has issued the tanker report for the 14th week of this year. The report dated 03rd April 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Activity in the Middle...
Shipping is a volatile, deep-value segment.
Medium term, I see significant value opportunities.
Diversification is important for all portfolios. Consider adding shipping to your portfolio at these prices.
Euronav is my favourite current tanker stock.According to a Seeking...
In a major development, the US Federal Maritime Commission issued an order authorizing Commissioner Rebecca Dye to identify operational solutions to cargo delivery system challenges related to COVID-19, reports the Safety4Sea
The Urgency at Ports
The Order highlights that the recent...
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