Business

DHT Holdings, Inc. provides the following business update amid coronavirus outbreak, reads the company's press release Time Charters DHT Scandinavia has been significantly delayed discharging cargo on her current voyage and has thereby failed to deliver in time for her...

Over the subsequent 11 weeks following the March 23 bottom, the S&P 500 bounced more than 40% off of its lows and got within sight of an all-time high. In fact, the technology-heavy Nasdaq Composite did hit a record high...

Cargill has joined leading players to launch the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping in Copenhagen. The center will focus on developing new fuel types and technologies. A significant move to accelerate the industry’s commitment to...

The Baltic Briefing has released a report about the dry bulk market of the 26th week of shipping activities of this year. The report dated 26th June highlights the plight of the dry bulk market at the on-sight of...

DNV GL has created a guidance paper to support shipowners’ recycling decisions. The paper focuses on shipyards not featured on the European list of approved shipyards. It aims to give owners a better basis for decisions in the...

BIMCO’s new Law & Arbitration Clause will address contractual disputes with a provision requiring parties to a contract to clearly identify who are authorised to receive arbitration notices and communication. Service of arbitration proceedings Notices can be served by email or...

The CSI SWS securities index slumped 2.7%. Around the region, MSCI’s Asia ex-Japan stock index fell 1.21% and Japan’s Nikkei index 1.92%. The yuan was quoted at 7.079 per U.S. dollar, 0.02% weaker than the previous close of...

According to ta Wall Street Journal report, Japan's biggest ship owner expects a ‘significant decline’ in global cargo will persist over the next three years Mitsui OSK Lines, Japan’s largest ship owner, is cutting its fleet by 5% over the next...

The Baltic Briefing has issued the tanker report for the 26th week of this year. The report dated 26th June 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities. VLCC This sector had a...

According to an article published in Reuters and reported by Nakul Iyer, the Baltic Exchange’s main sea freight index rose on Monday, helped by higher rates for Capesize vessels and a slight uptick in supramax vessel rates. Baltic Dry Index The...