China’s factory and transport shutdown are seriously impacting global supply chains.
Forwarders are grappling with resulting cashflow constraints.
Coronavirus fallout has the biggest impact on the consumer electronics and automobile industries.
Shipments of smartwatches to fall by 16%,...
Shipping needs to make a radical shift to zero carbon energy sources in the coming three decades to meet the IMO’s ambitions to reduce the sectors total greenhouse gas emissions by at least 50% of 2008 levels by...
Vietnam National Shipping Lines Corporation (Vinalines) expressed its interest on joining the Global Shipping Alliances (GSA).
The company will improve its competitiveness by tending its focus on three vital sectors: the development of its port management, shipping, and...
An article published in the Harvard Business Review written by Philipp Carlsson-Szlezak , Martin Reeves and Paul Swartz highlights the extent of the global impact of the coronavirus outbreak and what it means for the global economy. All the major sectors are...
The global economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak, the Organisation for Economic Cooperation and Development (OECD) has warned, reports BBC's Business Correspondent, Theo Leggett.
1.5% Dip in Growth
The influential think...
the ship repairing sector is massively hit by the coronavirus outbreak as Chinese yards have become standstill
The surrounding areas of China, like Indonesia, Singapore, India are in immense pressure of repairing in the yards
many are not...
A.P. Møller - Mærsk A/S has decided to initiate a share buy-back program.
It is for a USD 1.5 billion and a maximum of 3.12 million shares.
It will be acquired over a period of up to 15...
Protection Vessels International has released the 7th Weekly Maritime Security Report of 2020. The report summarized on 26th February 2020 highlights the various incidents that took place in the past week.
Gulf of Aden: Suspicious approach Bab el Mandeb
A MV...
Weak gasoline prices have led Formosa, which operates one of Asia's ten largest refineries, to lower throughput at its residue fluid catalytic crackers (RFCC), reports ET ENergy World.
Taiwan's Formosa Petrochemical Corp announced that it will continue exporting very low-sulphur...
According to a LoadStar article written by Mike Wackett, charters are actually helping shipowners and shielding them from the coronavirus effect.
Take the case of Containership owner Seaspan for example who have announced that they had a good year in...
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