Rates for very large crude carriers have jumped well off recent lows.
VLCC spot rates have not been this high at this time of year since 2015.
VLCC spot rates averaged $35,500 per day on Thursday, up almost...
Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that it entered today into a new time charter agreement with Oldendorff Carriers GMBH & Co...
The Baltic Briefing has released a report about the dry bulk market of the 28th week of shipping activities of this year. The report dated 10th July highlights the plight of the dry bulk market at the on-sight of...
Yang Ming Corp. formulated plans to build an echo-friendly fleet with the aim to proactively enhance ship energy efficiency and reduce greenhouse gas (GHG) emission.
Through continuous fleet optimization, Yang Ming has fulfilled its promise of energy saving...
In a major development, Britain is urging businesses and individuals to prepare for the Dec. 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get going.”, reports Reuters
The announcement comes at...
The Baltic Briefing has issued the tanker report for the 28th week of this year. The report dated 10th July 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Rates were firm this...
World equity benchmarks reversed course after hitting a five-month peak.
MSCI’s gauge of stocks across the globe briefly touched its highest level since February before ending down 0.29%.
Dow Jones Industrial Average rose 10.5 points, or 0.04%, to...
Oil merchant Torben Østergaard-Nielsen now assigns 66 percent of his life work, A / S United Shipping & Trading Company, to his two daughters, Nina Østergaard Borris and Mia Østergaard Nielsen.
The two women, both under 40, thus...
One of the world’s largest freight carriers wants to use an enterprise blockchain from the Alibaba Group to cut costs, reports Coindesk.
Ant Blockchain trial
Shanghai-based Cosco Shipping confirmed earlier this week it would trial Ant Blockchain, a product of Alibaba...
MSC is highly concerned by the misleading interpretation of data presented by Transport & Environment in relation to MSC carbon emissions reported under the EU MRV scheme.
The ratio of carbon emissions per ton of cargo MSC moves...
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