Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange.
Weekly composite index covering 20ft, 40ft and Hi Cube box rates by Ningbo Shipping Exchange:
The weekly Ningbo Containerised Freight Index is compiled by the Ningbo Shipping Exchange...
Euronav has switched its buying focus from VLCCs to suezmaxes, writes Sam Chambers for Splash247.
Euronav swoops for resales
Clarksons Research reports that the Belgian tanker giant has swooped for two resales at Daehan Shipyard, originally ordered by Turkey’s Yasa Shipping.
Euronav...
A group of leading investors on Wednesday called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for many months due to COVID-19, warning that the situation was creating bigger risks every day,...
The Shipping Corporation of India Limited (NSE:SCI) does have debt on its balance sheet. But should shareholders be worried about its use of debt?
Shipping Corporation of India has net debt worth 1.9 times EBITDA, which isn't too much.
...
China Merchants Energy Transportation (CMES) reported an estimated total loss of RMB121.6m ($18.8m) across 14 bulkers it has chartered in, reports Splash 247.
About the loss
According to CMES, the losses were reported to be from:
four panamax bareboat charter contracts,
...
Two non-governmental organisations active in the Cyprus maritime sector have agreed to cooperate for the ‘blue economy’, in innovation, education, training, engaging with society, ocean literacy and marine cultural heritage, says an article published in Financial Mirror.
SEA-nergy Agreement
The Cyprus...
Hapag-Lloyd’s preliminary results for 2020, of an ebit of $1.5bn, are at the top end of its revised earnings forecast, says an article published in The Loadstar.
Effect of the Surge in Freight Rates
But the full effect of the surge...
Japan's Kawasaki Heavy Industries has ordered a Corvus Energy battery-based energy storage system (ESS).
The aim is to integrate it into the zero-emissions all-electric propulsion and electrical systems aboard the “e5 tanker” under construction for Asahi Tanker.
The...
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.
...
Diana Shipping Inc. announces the date for the 2020 fourth quarter and year-end financial results.
Its financial results for the 4th quarter and year ended Dec 31, 2020 are scheduled to be released before the opening of the...
