OOCL’s Obsession With VLCC Continues Amid Economic Slump
OOCL signed contracts to place new order for five new container vessels.
The vessel will cost $155.68 million with a nominal capacity of...
Carriers Struggling To Keep Cashflow As COVID19 Disruptions Continue!
Cash-strapped carriers are set to struggle because of the coronavirus outbreak. Unless they receive governmental aid, many will be forced to sell ships, or...
Maersk Announces COVID19 Capacity Adjustment in Transatlantic Services!
In a major development, Maersk has announced that they are suspending their TA4 service as market demand reductions continue in America and Europe, says...
Thirst for Oil Vanishes, Leaving Industry in Chaos!
2020 has unleashed a world-wide oil-production cut led by the U.S., Saudi Arabia, and Russia.
Due to lockdown crude-oil demand has collapsed as...
Global Shipping Company Announces Time Charter for Capesize Vessel
Diana Shipping Inc., has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany.
The charter is for...
Maersk Sails Through COVID19 by Offering Digital Platform Services!
In a major development, Maersk, the global logistics company, urged their customers to make full use of their online platforms to stay safe and...
COVID19 Online Business Model To Make ‘Business As Usual’ in Shipping!
CMA CGM launches a unique system to keep the shipping business going
Known as the business continuity pack, it helps shippers, clients and...
Multipurpose and Heavy Lift Prospects Not So Bright! Says Drewry
The latest prediction by shipping analyst Drewry for multipurpose and heavylift (MPV/HL) shipping is that demand growth for breakbulk and project cargo would be...
Sino-Global Signs Share Purchase Deal With Shanghai-based Shipping Company
Sino-Global Signs Share Purchase Agreement to Acquire Majority Stake in Shanghai-based Global Shipping Company Mandarine Ocean Ltd, says a press release published on their...
El Faro Makers Bags $300m Worth Training Vessel Order from MMA
Maine Maritime Academy has placed a $300 million order for training vessel.
The construction was contracted out to a Philadelphia shipyard.
Philly Shipyard...
