Shares of shipping companies were in focus at the bourses, on Wednesday, with the stock of Great Eastern (GE) Shipping hitting an over three-year high of Rs 391.80 after rallying 14 per cent on the BSE in intra-day trade....
Global shipping emission regulations are set to tighten, albeit slowly, requiring investment in new vessels powered by alternative fuels and increasing operating costs.
This will put additional pressure on the profits and cash flows of companies in the...
Germany has the highest rank in the latest edition of UNIDO’s Competitive Industrial Performance (CIP) Index.
China has climbed three positions in the last six years and currently ranks in second place.
The Republic of Korea completes the...
Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth-oriented pure play product tanker company, announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a medium range product tanker of approximately 47,000...
Columbia Shipmanagement (CSM) has entered into a strategic partnership with Norwegian shipowner and operator Seatrans to establish a joint venture company.
It will operate out of Seatrans’ offices in Bergen, Norway from this month.
The joint venture will...
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,...
FSL Trust Management Pte. Ltd., announced that six wholly-owned subsidiaries of the Trust have entered into a US$ 15.0 million facility agreement with Chailease International Financial Services (Singapore) Pte. Ltd., reports Market Screener.
About the agreement
The Board of Directors (the...
China Classification Society (CCS) has been named as the best performing International Association of Classification Societies (IACS) member for having the lowest DPI (Deficiency per Inspection Ratio) for bulk carriers, reports Polaris.
Intercargo’s Benchmarking
CCS secured the ranking in dry...
Between March 23 and 29, 2021, the Suez Canal was blocked when Ever Given ran aground in high winds and a sandstorm, wedging itself across the canal.
It took six days to free Ever Given, while hundreds of...
In April 2021 World Economic Outlook, the International Monetary Fund (IMF) lifted global economic growth projections for 2021 and 2022 by 0.8% and 0.2% to 6% and 4.4% respectively due to the anticipated vaccine-driven recovery in the 2nd half...
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