Total E&P Angola has awarded Maersk Drilling a three-well contract for the Maersk Voyager drillship.
Under the estimated 140-day contract, the Maersk Voyager will drill three development wells in Angola’s Block 17, Maersk Drilling reported.
The drilling contractor...
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.
...
Scorpio Bulkers Inc. enters into a sale agreement for an Ultramax Vessel, says a press release published on their website.
The sale deal
Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with...
Cosco Shipping's DIAMOND LINE GMBH launches VAX (Vado Express) Service, says an article published in their website.
About the new service
DIAMOND LINE GMBH announced the launch of a new service between Vado Ligure and Cosco's Piraeus Container Terminal (PCT)..
The service...
Major forwarders may abandon Maersk over concerns that the line’s new “integrated” business and “aggressive” strategy creates conflict of interests.
As a result, Maersk wants to cut forwarders from its business.
DB Schenker confirmed to The Loadstar that it had...
Safe Bulkers, Inc. has entered into an agreement for the acquisition of a Kamsarmax Class Dry-bulk Japanese vessel, says a press release published on their website.
Vessel acquisition
Safe Bulkers, Inc., announced their agreement for the acquisition of a Japanese-built, dry-bulk,...
World trade rebounding slowly, still outlook remains uncertain.
Third quarter showed recovery when estimated was at about 4.5% less than in the same period a year ago.
Trade in home office equipment and medical supplies and textile sector...
Global Ship Lease mentions that its credit outlook has been improved to B3 / Positive from B3 / Stable by Moody’s Investor Services.
In announcing its review, Moody’s cited the demonstrated resilience of Global Ship Lease and the...
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...
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities, fell for a ninth consecutive session on Monday, reports Reuters.
What is the reason?
Baltic index slips for 9th session driven by lower rates for...
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