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...
Vitol has established a physical bunker supply business in Singapore following the acquisition of Sinanju.
The acquisition includes 15 modern Singapore flagged bunker tankers.
All bunker deliveries will be carried out by Vitol Bunkers limited.
For 2019 Sinanju...
Ocean rates remain stable ahead of a likely drop as consumer demand plummets.
China export air cargo rates have increased by 30% in the last two weeks and at a 13% compounded growth per week for the last...
Maersk closes the acquisition of Performance Team, in an effort to further strengthen its capabilities as an integrated container logistics company.
The transaction has been valued at USD 545 million including lease liabilities of around USD 225 million.
Maersk...
An article written by the Secretary-General of United Nations Conference on Trade and Development, UNCTAD, Dr. Mukhisa Kituyi, highlights the effect of the coronavirus pandemic on shipping and trade, and why we must keep things moving.
Here's an excerpt from...
According to an article published in Quote Data, Tufton Oceanic Assets Limited (SHIP) has announced that it has acquired a Handysize Bulk Carrier for US$7.0m.
Increase in fleet strength
This acquisition takes SHIP’s fleet to sixteen vessels, leaving it with approximately...
Diana Shipping Inc. announced that it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore for Amphitrite, says a press release published on GlobeNewswire website.
Time charter contract
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping...
Mitsui O.S.K. Lines, Ltd. announced an agreement with NAPA, Ltd. to jointly develop the "FOCUS" project.
The "FOCUS" project will be developed with four companies: MOL, NAPA, Mitsui E&S Shipbuilding Co., Ltd., and Weathernews Inc.
The project aims...
Protection Vessels International has released the 8th Weekly Maritime Security Report of 2020. The report summarized on 20th March 2020 highlights the various incidents that took place in the past weeks.
Philippines: Robbers board chemical tanker at General Santos Harbour...
After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict, reports Reuters
Equities Bullish?
High-profile investors from BlackRock...
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