Maersk Signs TradeLens and Cold Store Warehouse Deal With Russia
In a major developmet, A.P. Moller - Maersk and Russian Ministry of Transport signed a Memorandum of Understanding on June 5, enabling the launch...
The Strange Case of Summer Oil Market
Front-month Brent crude futures, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close and U.S. WTI crude futures were at...
Hansa Acquires Tanker for $18.5 M From Japan’s JX Ocean
Norwegian chemical tanker company Hansa Tankers continues to expand with the purchase of another chemical tanker Bow Tone, reports Splash 247.
Company’s second acquisition of...
Delivery of VLCC New Building with 15-Year Charter
According to an article published in PR Newswire, Ocean Yield ASA is pleased to announce that it has taken delivery of a VLCC.
Series of...
Number of Shipping Casualties Falls to Century-Long Record Low
According to Data obtained from global insurer Allianz, the number of ships over 100 gross tons* lost at sea during 2018 fell to a...
Star Bulk Carriers Corp. Tackles IMO 2020
IMO 2020 disruptions, delays in shipyards and restocking Chinese iron ore port inventories to create opportunities in late 2019 and early 2020.
Star...
South Korea Regains Top Spot in May Shipbuilding Orders
According to an article published by World News Monitor, South Korea edged China for the first time in three months to recapture the No....
Baltic Tests 1,100 Level on Increased Cargoes
The BDI has broken into the 1,100 level, registering at 1,107 for the day. However, the BDI eased later toward the end of...
NYK Becomes the First Asian Member of One Sea Autonomous Ship Alliance
In a major development, NYK Group research subsidiary MTI Co. Ltd. has become the first Asian member of One Sea, an industry alliance aiming...
Continuing Container Throughput Growth and Digitisation Strengthen Port of Rotterdam Position
Container throughput continues to grow in Rotterdam. Following a record year in 2018 and a record quarter in 2019, April of this year was...
