Baltic Dry Index (BDI) edged lower last week on slowing freight rates as market participants prepared for upcoming China’s Golden week in early October, reports FIS.
Iron ore restocked
On 25th September, the BDI slipped by 2.98% on-day to 2,053 reading,...
CMA CGM posted a net loss of $109m in the second quarter, taking the French transport and logistics group to a first-half loss of $152m, reports The LoadStar.
Underperformed Than Peers?
However, it attributed much of the negative result to the...
According to a Seatrade Maritime News article, Maersk Tankers has entered into a memorandum of agreement with AET to acquire seven chemical tankers.
About the Agreement
The transaction will take place between now and the first quarter of 2020.
AET...
In a major development, 300cubits has announced that they have decided to suspend the operation of the Booking Deposit Module (“System”) effective on 1 October 2019, says an article available on MailChimp.
Trial Shipments by Large Liner Companies
The System has...
The Baltic Briefing has released a report about the dry bulk market of the 39th week of shipping activities of this year. The report dated 27th September highlights the plight of the dry bulk market at the on-sight of...
In a major development, TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinichiro Ikeda) and its group company MOL Information Systems, Ltd. (President: Tsuyoshi Yoshida; Headquarters: Minato-ku, Tokyo) has announced that, along with Associate Professor Shunji Umetani (Note 1)...
In a major development, S&P Global Platts has announced that they will start publishing a new daily weighted average Capesize time charter equivalent (TCE) rate, to be named CapeT4 Index, reflecting ton-mile demand on four key TCE assessments from...
Eagle Bulk Shipping Inc. (EGLE), one of the world’s largest owner-operators within the Supramax / Ultramax segment, has taken delivery of the previously agreed first of six modern Ultramax drybulk vessels, reports Yahoo Finance.
High specification scrubber
The ship, which has...
The Taiwanese carrier has placed an order for the 10 mega ULCVs which are to be built at South Korean and Chinese yards at a cost of $140-$160m a unit.
Evergreen has an orderbook of some 566,000 teu,...
Inmarsat landmark study identifies critical role for maritime startups, reports Splash247.
Digital maritime space opportunities
A new 60-page report issued today looking into maritime startups conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, shows the fantastic growth...
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