The impact of the Covid-19 pandemic and a slump in shipbuilding contracting resulted in Wartsila’s marine businesses.
As a result, there is a 23% decline in new orders in 2020 across the three business segments it operates in.
...
In a major development, the Global oil and shipping group Monjasa Ltd on Thursday (2 June) announced that they are following their acquisition of five new tankers last year and is currently renaming and updating the design of 10...
Eagle Bulk Shipping Inc. has purchased three 2011-built CROWN-58 Supramax bulk carriers for a total of USD 21.15 million and 329,583 common shares of Eagle, reads the company press release.
Supramax trio acquisition
The ships, which will be renamed the M/V...
Baltic Exchange's main sea freight index, was dragged lower by a drop in earnings of the larger capsize segment, reports YahooFinance.
Drop in earnings
Baltic Exchange's main sea freight index , which tracks rates for ships carrying dry bulk commodities,...
Supertanker New Vigorous arrived at a port in northern France Cape of Good Hope.
The journey takes almost twice the time as the usual route through the Suez Canal.
An increasing number of supertankers are taking the long...
Braskem, the largest biopolymers producer in the world, announced the signing of a logistics agreement with A.P. Moller – Maersk & PSA Corporation Ltd, reads a Maersk press release.The two-year partnership covers Lead Logistics and multi-carrier Hub-in-Transit services in...
One-third of HMM’s container fleet is currently idled.
It is scheduled to receive some 400,000 teu of newbuild tonnage over the next 12 months.
The global idle containership fleet reached an all-time high of 551 vessels.
HMM’s 32.9%...
As the IMO 2020 regulations are approaching, ships running on Liquefied natural gas (LNG) ships are expected to the highlight of a bunker fuel market.
Zero emissions
According to a market research report, LNG fueled ships emit zero sulphur oxide emissions...
Safe Bulkers enters into a new five-year $70m credit facility, says a press release published on their website.
Credit facility
The loan comprises a term loan tranche of $30m and a reducing revolving credit facility tranche providing for a draw...
Nova Marine Carriers and Aug. Bolten establish a new German-based asset holding company to own and operate geared bulkers
Nova Marine’s vessels and cargo coverage will enhance the size and the quality of the
handysize drybulk pool
The...
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