Eneti Sells 5 Ultramaxes for US $88m
Eneti (formerly Scorpio Bulkers) has sold five of its dry cargo vessels for approximately US$88 million, says an article published in Baird Maritime.
About the...
Castor Maritime Inc Announces Its Time Charter Contract
Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it has entered, through two separate wholly-owned subsidiaries,...
Eagle Bulk Acquires Supramax Trio Worth $21m
Eagle Bulk Shipping Inc. has purchased three 2011-built CROWN-58 Supramax bulk carriers for a total of USD 21.15 million and 329,583 common shares of...
Dalian Shipbuilding Delivers 3rd Suezmax Tanker
Yuan Bei Hai is the third Suezmax tanker in the Yuan series and joins Yuan Dong Hai and Yuan Nan Hai in the COSCO Shipping Energy Transport fleet.
...
A.P. Moller – Maersk Makes Strong Transformational Progress in 2020
2020 has been another year of solid progress for A.P. Moller - Maersk, both in terms of financial performance and in transforming the...
Apple Takes “Unorthodox & Costly Steps” To Avoid Shipping Delays
Apple has increased the usage of cargo ships & and private jets to minimize shipping delays amid pandemics, reports MacRumors.
Unorthodox and costly steps
According to...
2020 Profits Doubled For A.P. Møller – Mærsk
A record fourth quarter helped A.P. Møller – Mærsk double its 2020 profits with a significant chunk of the cash earned earmarked for acquisitions,...
HMM Makes Profit Despite U.S.-China Conflict and Covid-19
HMM swung to net profit last year on increased shipping price.
HMM, Korea’s largest and the world’s eighth-largest shipper, reported 6.41 trillion won...
Ultra Large Boxship Orders Increase,Trading Fleet is Ageing
The ageing global container fleet will likely see a raft of newbuild orders placed this year and next, despite future propulsion concerns, a...
Global Ship Lease Secures $116m Deal for 7 Post-panamax Ships
Global Ship Lease announced that it has agreed to purchase and charter back seven 6,000 TEU Post-Panamax containerships with an average age of approximately...
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