Q2 financial reporting season is in full swing among container lines.
Q2 figures published by listed container lines reveal a very different story.
AP Moller – Maersk, reported an EBITDA increase of 25% to $1.7bn in Q2.
It...
Korea Shipbuilding bags US$409 million order for 10 petrochemical carriers.
The 50,000-ton vessels will be built by Hyundai Mipo Dockyard Co., and delivered by February 2023.
A new shipyard building is in progress in Saudi Arabia together with...
The Baltic Briefing has issued the tanker report for the 34th week of this year. The report dated 21st August 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
Middle East Gulf to the...
According to recent videos, an aviation brigade of the Chinese PLAGF conducted drills displaying their capabilities to use commercial ships for military purposes.
The video shows the Z-19 and Z-8 helicopters landing and taking off from a commercial...
Mumbai-listed Shreyas Shipping & Logistics Ltd, the Indian flagged vessel owning unit of Transworld Group, will be split in two.
This split up is to help Dubai government-owned DP World Ltd buy three units of the logistics and...
The Baltic Briefing has released a report about the dry bulk market of the 34th week of shipping activities of this year. The report dated 21st August highlights the plight of the dry bulk market at the on-sight of...
Wallenius Wilhelmsen has released results for the second quarter of 2020.
Total income for the Wilhelmsen group was USD 197 million in the second quarter of 2020, down 8% from the first quarter and down 5% year-over-year.
The...
China’s three major shipbuilding indexes all declined in the first seven months of this year.
CANSI's first seven months was 20.03m dwt
It recorded a decline of 9.4% year-on-year.
Its newly received order volume was 13.99m dwt.
The...
According to a Container News report, Liner operators Evergreen Marine Corporation, Wan Hai Lines, and Regional Container Lines (RCL) reported profits for Q2 as blanked sailings and lower bunker costs mitigated the impact of reduced cargo volumes.
Evergreen recorded a...
Japan’s ClassNK granted an Approval in Principle (AIP) to Kawasaki Kisen Kaisha (K Line) and France’s Airseas for their automated kite system Seawing, says a press release published on their website.
About the Seawing system
According to an announcement by “K”...
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