Ocean freight rates are up as much as threefold on year, and the firmness of pricing could remain and help Korea’s shippers for the rest of 2021.
The Shanghai Containerized Freight Index (SCFI) averaged 999.3 in January 2020....
Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a leading independent owner of containerships, announced today that its Corporate Family Rating has been upgraded to B2 / Positive from B3 / Positive by Moody’s Investor Service (“Moody’s”), reports Global Ship...
Damen Shipyards Group has completed the construction of German Federal Waterways and Shipping Administration’s (WSV) new diving bell vessel, says an article published in Ship Technology.
Completed on Time
Work on the ship was completed on time despite the challenges posed...
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...
Israeli container ship operator ZIM Integrated Shipping Services Ltd. is trying to turn its small size into an advantage in a business dominated by outsize carriers running megaships in global supply chains, says an article published in The Wall...
According to the press release of Global Ship Lease Inc. published on their website, the company has agreed a new $236.2 million senior secured loan facility (the “New Facility”) with Hayfin Capital Management, LLP (“Hayfin”).
Company's usage
Global Ship Lease intends to use the...
According to a LoadStar article written by Mike Wackett, South Korean carrier HMM is looking to follow some of its peers and transform itself into a logistics business to underpin its rapid expansion strategy.
To Become A Logistics Service Provider
In...
Wuhu Shipyard Co., Ltd. and Continental Bitumen signed a series of orders for Bitumen / Oil Product Tankers through "Cloud Signing", says a press release published on their website.
What is in the contract?
Recently Wuhu Shipyard Co., Ltd. and Continental...
Diana Shipping Inc. announces time charter contracts for m/v Santa Barbara with Cargill and m/v Salt Lake City with C Transport, says a press release published on their website.
Time charter contract with Cargill
Diana Shipping Inc. (NYSE: DSX), announced that,...
Chinese dry bulk operator Ningbo Marine has signed a shipbuilding contract with China Merchants Jinling Shipbuilding, reports Splash247.
The contract is for the construction of three 49,800 dwt handy bulkers.
Vessels part of fleet optimization
The company announced plans for the order...
