According to an article published in Reuters, Maersk' parent company A.P. Moller, as it's first move away from the shipping and oil industry, will acquire the Danish wind turbine supplier KK Group.
First step into a new industry
A.P. Moller Holding,...
As a credit manager, the last thing you want to discover when chasing an invoice is the vessel you bunkered 4 weeks ago has just been sold for scrap. And today, the risk of that happening is greater than...
According to an article published in the Protection Vessels International, UK Maritime Operations has released the Weekly UKMTO report for last week. The report summarized on 22nd July 2019 highlights the various incidents that took place in the past week.
About UKMTO
The...
According to an article published in Sea News, Nordic American Tankers Ltd communicated its view on the new Sulphur requirements, effective from 2020 in its Press Release October 24, 2017, and in a NAT conference call held February 20,...
According to an article published in Splash 247, German shipping mammoth Oldendorff has added its third post-panamax bulker this year.
Vessel sold to Oldendorff
Thomas Schulte is selling its only vessel in this segment to compatriot Oldendorff. The seven-year-old, 115,000 dwt...
Technically the index remains in a trending environment with resistance starting at USD 17,588.
The RSI is overbought at 90, however again this is expected when markets enter long term trend. Pullbacks remain bullish above USD 11,469...
The Baltic Briefing has released a report about the dry bulk market of the 29th week of shipping activities of this year. The report dated 19th July highlights the plight of the dry bulk market at the on-sight of...
Crude oil inventory draw 10.961 million barrels for the week ending July 18, compared to expectations of smaller but significant 4.011-million barrel draw.
The inventory draw this week compares to last week’s small draw of 1.401 million barrels.
...
According to a Freight Investor Services article, crude saw a late drop in prices last night after the U.S. Secretary of State dropped some concessionary words hinting that progress was being made with Iran that could lead to a...
The Baltic Briefing has issued the tanker report for the 29th week of this year. The report dated 19th July 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Rates for 270,000mt...
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