Weekly Bulk Report – Week 46, 2019
The Baltic Briefing has released a report about the dry bulk market of the 46th week of shipping activities of this year. The report dated 15th November highlights the plight of the dry bulk...
Q3 Report: Maersk Benefits from Lower Fuel Prices
According to an article published in The Loadstar, the peak trade season has turned out to be a damp squib.
Upgradation to EBITDA guidance
Notwithstanding “slower global demand growth” and “lower freight rates” – indeed, the...
Losing Ground! 2019 Proves To Be a Rocky Road for Container Trade
According to an article published in Drewry, the container trade from Asia to West Coast North America is struggling to ward off the effects of the trade war.
Rocky road for the container market
It has...
Shippers Want the Jones Act To Go for Placing America First
According to an article published in the Wall Street Journal, Russian natural gas is again being shipped to a US port, according to news reports.
What is the Jones Act?
Bloomberg says the Catalunya Spirit tanker,...
Euronav Picks Malaysia’s Linggi Port as Eastern Fuel Supply Base
According to an article published in Reuters, Belgian tanker operator Euronav signed a service agreement making Malaysia’s Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes.
A...
Maersk Shows Increased Operational Profitability in Third Quarter!
Maersk’s third quarter is characterised by improved profitability across the business. Earnings before interest, tax, depreciation and amortization (EBITDA) improved 14% to USD 1.7bn in the quarter, reflecting an increase in EBITDA margin to...
MSC Poaching Maersk’s Ex-COO Toft As CEO?
According to a Reuters report, shipping firm MSC has poached rival A.P. Moller-Mærsk’s former head of operations Soren Toft to become its new chief executive officer, Danish media ShippingWatch reported on Friday, citing unidentified...
New Research Puts the Clock Back on Slow Steaming and Speed Reduction
According to a new research report commissioned by campaign groups Seas At Risk and Transport and Environment, decreasing ship speeds could improve human health, benefit the environment by cutting carbon emissions, and reduce whale...
The First Eastbound Volume Declined in 10 Years, Transpacific Hit by Trade War
The lack of developments on negotiations between China and the US on tariffs is expected to contribute to the first full-year decline in volumes on the headhaul eastbound transpacific trade since the global financial...
A 100 Barge Fleet Will Ship Clean Marine Fuel for Sinopec!
According to a Reuters report, China’s Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel compliant with new global emission standards, said a Chinese...