The oil tanker industry is involved in the transportation and storage of crude oil, natural gas, and related products. The depressed demand for oil due to the COVID-19 pandemic has reduced the demand for oil transportation. That's been partially offset...
Below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in the last week. Ship & Bunker, with the data from online maritime intelligence and information...
As Central America is facing the worst drought scenario, the canal is forced to place restrictions on the number of cargo ships can carry.
The precipitation in the Panama Canal watershed was about 90% below the historical average...
CapesizeA roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week closed out.
The West Australia/China rates nudging $9.00 by Tuesday having closed...
Current contango in oil markets with futures prices much greater than spot.
Tanker time charter rates have increased to near record levels.
Limited storage could force producers and traders to store crude oil on ships.RockieK, for Seeking Alpha, discusses...
While self-driving cars have hogged the headlines for the past few years, other forms of autonomous transport are gaining steam. This month, IBM and Promare — a U.K.-based marine research and exploration charity — will trial a prototype of an artificial intelligence (AI)-powered maritime navigation system...
According to an article published in Cyprus Shipping News, Japan’s Imabari Shipbuilding has launched the new 200,000 dwt bulk carrier, Cape Discovery, constructed for its compatriot shipping major K-Line.
Equipped with scrubbers
Featuring a length of 300 meters and a width...
According to an article published in Cruise Ship Industry, a sizeable slice of Venetian style and chic will float into Asia’s flourishing cruise market next month, when Costa Venezia reaches Tokyo after a 53-day maiden voyage from Trieste taking...
HIGHLIGHTSOperating income of USD 36.8 m (Q4 2017: USD 42.3 m)
EBITDA of USD 5.8 m (USD 8.6 m)
Net result of USD 14.2 m (USD 16.0 m)
USD 30 million fixed charter backlog
Efficient utilization of ships...
An article published in the Harvard Business Review written by Philipp Carlsson-Szlezak , Martin Reeves and Paul Swartz highlights the extent of the global impact of the coronavirus outbreak and what it means for the global economy. All the major sectors are...
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