The Baltic Briefing has released a report about the dry bulk market of the 11th week of shipping activities of this year. The report dated 20th March highlights the plight of the dry bulk market at the on-sight of...
Current Senior Executive Vice President Hiroaki Sakashita has been appointed as President & CEO as well as a Representative Director.
Current Senior Executive Vice Presidents Tetsuya Kinoshita, Junichiro Iida, and Dr. Toshiyuki Shigemi will continue in their present...
Maersk said it’s committed to rewarding shareholders and reassured that its own operations were uninterrupted by the fallout of the coronavirus.
Despite the economic threats posed by the coronavirus pandemic, Maersk said it’s continuing a share buyback program...
In a major development, the North P&I Club has issued an advisory on COVID19, says a press release available on its website.
What is it?
In response to the 2019-nCoV novel coronavirus outbreak, a number of countries, ports, and organizations are...
According to an article published in Reuters, Wallenius Wilhelmsen has taken decisive action in preparation for challenging COVID-19.
Key decisions
Wallenius Wilhelmsen ASA - proposed dividend for 2019 is withdrawn
Wallenius Wilhelmsen ASA - up to four vessels will be...
Chinese shipbuilding group Yangzijiang has secured a contract worth USD 1.15 bn despite COVID-19 outbreak, reports Safety4Sea.
What is in the contract?
Chinese shipbuilding group Yangzijiang has secured a contract to build up to 10 vessels worth a total of USD...
Hunter Tankers AS has entered into a six-month time charter agreement for three ships.
The ships obtain an average daily rate of approximately USD 80,000 per day.
The strong tanker market has seen rates ranging from USD 65,000...
The Baltic Briefing has issued the tanker report for the 12th week of this year. The report dated 20th March 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
After the Saudis lifted...
As the COVID19 Pandemic takes a toll on businesses and cities shut down, several have announced safety measures and tips in order to mitigate the risk. Several others have shut down operations and are working remotely for the safety...
World’s Biggest Shipping Line suspends its outlook due to the uncertainty caused by the spread of the virus.
Maersk’s first-quarter earnings are set to improve from a year earlier, as better cost controls outweigh declining freight volume.
Shares...
