Evergreen Confirms Newbuilding Project Worth $1.6 Billion
Evergreen has announced plans to build ten 23,000 TEU containerships valued between $1.4bn and $1.6bn.
In August, the company announced it scrapping plans...
Thomas Cook Crashes, Leaving Thousands Stranded
World’s oldest and biggest travel companies Thomas Cook, has ceased operations stranding more than 600,000 vacationers who had booked through the company, reports CNN.
Efforts...
Right Time for Panamax Container Ship Investments?
According to an article published in Riviera Maritime Media, LISW delegates say that Panamax container ship values have been rising for months but there...
Dubai Ranks First in The Gulf Region As The Best Marine Hubs for 2019
Dubai Maritime City Authority is planning to host the UAE Maritime Week 2019 under the patronage of Crown Prince of Dubai and Chairman...
Corvus Energy Unveils Its New Battery Factory in Norway
Corvus Energy has unveiled its second automated battery factory in Bergen, Norway.
The Corvus team in Vancouver developed the groundbreaking battery solution that...
Weekly Bulk Report – Week 37, 2019
The Baltic Briefing has issued its latest dry bulk market report. The report dated 13th September 2019 deals with the market scenario of capesize...
Cargill Vessels Join Maersk MR Pool To Gain More Exposure
In a major development, Cargill and Maersk Tankers has announced a strategic partnership that will improve flexibility for customers and reduce fuel consumption and...
IMO 2020 To Halt the European Refinery Boom?
According to a Bloomberg article, multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping...
Panama Canal Toll Structure Modifications Officially Approved
Cabinet Council of the Government of Panama has officially approved the modification of the Panama Canal tolls structure.
The proposed tolls modifications were...
Maersk Financial Results Q2 2019 – Transformation
Improved cash return on invested capital at 6.9% and synergies of USD 1bn realized earlier than expected.
In Jan 2019, they formed one...
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