Crew Change, Container Rates, Piracy – COVID19 Causes Turmoil in Global Shipping
According to a Channel New Asia article written by Sam Bateman, the COVID-19 pandemic, the slump in global trade and the current collapse in...
US-China Trade War Escalation Jitters in the Shipping Market!
The U.S.-China Phase One trade deal is not dead, but it is on life support and its likely to affect trade once again, writes...
International Banking Community Contemplates Digital Currency
A recent survey among 66 central banks by the Bank for International Settlements shows that more than 80% are working on central bank...
A $20B Vessel Contract To Cement LNG Leadership Role!
Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position in LNG industry.
Korean firms...
CMP Plans To Construct ‘Intelligent Ports’ Using 5G Technology
China is developing so-called intelligent ports utilizing 5G technology.
CMP is promoting intelligent port construction and development in three Chinese cities.
Chiwan Container...
Low Bunker Price the Only Advantage for Carriers!
The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope...
Blank Sailing Strategy Unlikely To Work As Demand Shock Continues!
Despite carrier projecting an optimistic outlook there no hope for short term recovery in 2020.
Containershipping is unlikely to rebound in 2020 as...
North P&I Club’s Strong Hold in Business Despite Causalities
Two major casualties had an impact on North P&I Club’s underwriting figures for the policy year ending February 20, the club said.
However,...
Diana Shipping Inc. Announces Time Charter Contract With Glencore
Diana Shipping Inc. announces time charter contract for m/v Crystalia with Glencore, says a press release published on their website.
About the contract
Diana Shipping Inc....
Maersk and Others Extend Their China Line Suspension!
ONE, Maersk and MSC continue suspension of China – Australia service, reports Seatrade Maritime News.
Suspension of service
Ocean Network Express (ONE), Maersk and MSC are...
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