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While the Q4 rally was enjoyed by all classes of tankers, including those from the product tanker segment, one particular crude carrying class has had been impacted by the anticipated seasonal slowdown in a more acute manner than their...
According to a report by Freight Investor Services, after being depressed for a long time, the recovery for freight rates appeared not to be wishful thinking anymore.
Signs of recovery
The sign of freight recovery has first taken root in the...
The First quarter 2019 proved to be an unusual and largely resilient one for the large crude tanker sector.
Despite demand reduction and increase in supply – the “level” or freight rates in VLCC terms were resilient posting...
In a major development, Global Ship Lease (NYSE: GSL), a company that leases out mid-sized and smaller container ships, has reported improved earnings in its first full quarter since completing a transformative merger with Poseidon Containers, writes Freight Waves's...
Belships ASA has agreed to acquire the 55,866 dwt bulk carrier M/V Sephora from Prospero Marine Ltd, a company controlled by Greek shipowner Elias Kulukundis, says an article published in Dry Cargo International.
MV Sephora
MV Sephora was built by Kawasaki...
Two key indicators of vessel finance – securities sales by U.S.-listed ship owners and global marine syndicated loan activity are both flashing red.
U.S.-listed ship owners grossed only $650 million from sales of common shares in 2018, just...
According to an article by Street Insider, DryShips Inc., a diversified owner, and operator of ocean-going cargo vessels, today announced that it has agreed to acquire from an entity.
Fair market value
It is deemed to be beneficially owned by the...
In a recent development, GNS has announced that they have started a strategic partnership with StormGeo which will create new situational awareness, route optimization through StormGeo’s market-leading BVS and advanced decision support tools and deliver a state-of-the-art experience for...
OOCL expects to realize a gain of just under US$1.3 billion by selling its Long Beach Container Terminal for US$1.78 billion, whose net book value was US$345 million.
A consortium of investors led by the US$5 billion investment...
ABB Measurement & Analytics helps the shipping and power companies save fuel and improve the reliability of large diesel engines. ABB’s instrumentation and analyzers make solving tough measurement applications easy for customers.
An article published in ABB explains how...
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