World equity benchmarks reversed course after hitting a five-month peak.
MSCI’s gauge of stocks across the globe briefly touched its highest level since February before ending down 0.29%.
Dow Jones Industrial Average rose 10.5 points, or 0.04%, to...
Maersk has delivered a respectable Q3 results with improved profitability despite the Covid-19 pandemic having a negative impact on the global economy.
The shipping group reported a Q3 revenue of $9.9bn, down 1.4% year-on-year, and EBITDA up 39%...
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...
The receipt by Company of a non-binding indication of interest acquires all of the issued and outstanding shares of common stock of the Company for a price of $3.00 per share.
Following the receipt, OSG’s Board of Directors...
New cargo support policy for Indian ship-owners may not fetch order in-flows for local yards.
Indian built, Indian flagged and Indian owned ships will get top priority when State-owned firms and government departments float tenders to hire ships.
...
Castor Maritime acquires a 2013 Japanese-built kamsarmax bulker, the eighteenth addition to the fleet this year, says a press release published on their website.
Vessel acquisition details
Nasdaq-listed Greek owner Castor Maritime has swooped to acquire a 2013 Japanese-built kamsarmax bulker,...
The China-ASEAN Meteorological Development Index unveiled its first batch of core results at opening ceremony of the 6th China Meteorological Equipment & Service Exhibition.
The exhibition was held on Saturday in Nanning, capital of Guangxi.The China-ASEAN Meteorological Development...
Greek boxship owner Costamare has sealed deal for three kamsarmax bulkers in two separate deals, reads the company website.
Kamsarmax deal
Advanced Shipping & Trading and Seasure Shipbroking have named Costamare as the buyer of 2012-built pair Pedhoulas Builder and Pedhoulas...
Danish container line Maersk upgraded its EBITDA guidance for 2020 because of an improving business environment, reports S&P Global Platts.
Increased momentum in Q4
Based on "increased momentum in Q4 in global container volumes and freight rates in its Ocean business...
Western Bulk has initiated the process of seeking a listing on Euronext Growth in the third quarter of this year as it remains confident on the outlook for the dry bulk sector, reports Splash 247.
A bounce back
The company, which...
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