33% Supply Chains Moving Out of China
Citing Covid-19 pandemic, rising tariffs, and Brexit, companies are moving their sourcing to Vietnam, India, and Mexico, reports Cargo Now.
What is it?
According to a...
Rebound Hopes for Shipping Industry A Distant Dream
Orders for new oceangoing ships are at record lows as carriers sit on the sidelines.
COVID-19 pandemic has left cargo carriers’ demand forecasts...
Weekly Tanker Report – Week 30, 2020
The Baltic Briefing has issued the tanker report for the 30th week of this year. The report dated 24th July 2020 provides a valuable...
DP World To Acquire Majority Stake of UNICO
DP World announces its agreement to acquire 60% of Korea's UNICO Logistics, reports Reuters.
What is in the agreement?
According to a statement issued by DP...
Achim Boehme,CEO of Lomar Shipping, Dies Due To Cancer
Lomar Shippping shared a sad news in their official website about the death of their Chief Executive Officer, Achim Boehme, who died peacefully on...
A Joint Venture To Make Containerships Go “Ballast Water Free”
Korean JV to develop container ship without Ballast Water.
The project will be an important step to help minimize the use of ballast...
Carriers Withdrawing ‘Blank Sailings’ As FMC Monitors Impact
According to a Freight Waves article written by Chris Gallis, U.S. Federal Maritime Commission is using “red-yellow-green scale” to track alliance agreement activities amidst...
World’s Most Fuel-efficient Product Tankers
E4C Shipping confirms an order of 2 - 4 MR products to be built by Hyundai Mipo Dockyard Ltd.
E4C is comprised of...
Iconic DNV GL Classified Dry Bulk Carrier Up for Auction
According to Shipbid.net, Ningbo Pioneer Shipping Company Limited has announced auction of its 1990 built 68788 mt DWT Bulk Carrier.
Where and When?
Ningbo Pioneer is...
Seaspan Bags Long Term Charters for “Acquired Vessels”
Seaspan Corporation announced has agreed to the purchase of two high-quality Containerships.
The purchase of the Acquired Vessels is expected to be financed...
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