ZIM and Alibaba.com have entered into a broad strategic cooperation agreement for the direct purchase of sea freight, improving logistic services to Alibaba.com sellers.
Under the agreement, ZIM provides sea freight and services through a direct interface with...
The Baltic Briefing has issued the tanker report for the 42nd week of this year. The report dated 16th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
A slight improvement was...
The Baltic Briefing has released a report about the dry bulk market for the 42nd week of shipping activities of this year. The report dated 16th October highlights the plight of the dry bulk market at the on-sight of...
Ferry company Stena Line has today announced an expansion and strengthening of their operations across the Baltic Sea region.
Next year the current vessels on the Nynäshamn-Ventspils route will be replaced with two modern and lengthened RoPax ferries...
Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in first nine months of 2020 rose nearly 18% from a year earlier.
Zhoushan supplied 3.26 million tonnes of bonded marine...
According to a Korean Herald report, HMM will dispatch two more container ships to support South Korean exporters to ship out their products amid COVID-19 pandemic.
Exporters struggle
HMM will dispatch two more container ships to support South Korean exporters that...
Scorpio Bulkers, Inc. announces the sale of two Ultramax vessels, says a press release published on their website.
Ultramax bulker sale
Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced the company’s agreements with an unaffiliated third party to sell its two...
Zenith Capital Partners invest in Mjølner Shipping's Subsidiary and Sage Energy Partners.
The Investment aims at funding crude trading and product tankers.
Zenith Capital invested in a wholly-owned subsidiary of Mjølner Shipping that provides cargo finance, insurance, and hedging...
The vessel, the ninth Equinox Class vessel to join the fleet, will journey across the Atlantic to Canada.
The Algoma Intrepid entered service in early 2018 as the newest and most efficient river class vessel.
The Seaway-Max gearless...
Maersk has laid off around 2,000 employees in relation to the organizational changes that shut down brands Damco and Safmarine.
Combined with increased demand, this makes Maersk upgrade its full-year guidance for 2020.
The outlook for 2021 remains...
