According to a BIMCO market analysis, the global economic growth continues to slow with recession warnings sounding in many corners of the world, none of which points to high global trade volume growth for the time being.
Manufacturing PMI
The Global...
The world's second-largest container shipping carrier by capacity, MSC orders five giant container ships from DSME for $762 million, reports The Wall Street Journal.
Tumbling freight rates
The order by the world’s No. 2 container shipping line Mediterranean Shipping Co., comes...
Waning demand across vessels drags Baltic index to over a 2-week low for a ninth straight session, reports Reuters.
Weaker vessel demand
The Baltic Exchange’s main sea freight index fell for a ninth straight session on Wednesday to a two-week low,...
The Baltic Briefing has issued the tanker report for the 42nd week of this year. The report dated 18th October 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Although there were...
According to a Forbes report, the souls that operate maritime shipping operations have been described as “Optimists of the First Degree” as the level of global trade is impacted by Trumps China tariffs and the gloomy forecasts for global...
According to a Reuters report, shares in A.P. Moller-Maersk (MAERSKb.CO) surged more than 7% on Monday after the Danish shipping company raised its expectations for 2019 profit despite headwinds from the U.S.-China trade war.
Maersk Expects Earnings
Maersk said it expected...
Japanese shipping company MOL and electronics firm Furuno Electric Co., Ltd. made a joint presentation of their advanced augmented reality (AR)-based Navigation System, says a press release published in MOL website.
The joint presentation
Mitsui O.S.K. Lines, Ltd. (MOL; President &...
The Baltic Briefing has released a report about the dry bulk market of the 42nd week of shipping activities of this year. The report dated 18th October highlights the plight of the dry bulk market at the on-sight of...
In a major development, Maersk Supply Service has announced that they will provide an integrated mooring lines life extension solution for Shell’s FPSO Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de...
Baltic index down for seventh session on lower capesize, panamax rates, reports Reuters.
What lead to the fall?
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses to a seventh straight session...
- Advertisement -
