Shipbrokers Desperate For ‘Something To Sell’
The shift by some ocean carriers to owning more tonnage rather than chartering-in ships has depleted the containership charter market by 1.6 mllion teu, according to Alphaliner data, reports The Loadstar.
Reduction of open tonnage
And...
Russia, Ukraine To Resume Talks Soon, Says Turkey
Moscow would not refuse a meeting between Foreign Minister Sergei Lavrov and his Ukrainian counterpart Dmytro Kuleba but any talks between them would need to be substantive, RIA news agency cited the Russian foreign...
Car Carrier Rates Hit Record Highs
car carrier rates are hitting record highs according to new research from VesselsValue.
It’s not just tonnage suppliers who are benefitting. Operators have started to earn quarterly profits finally worth bragging about after...
Shipbuilders’ Profits Remain Elusive Despite Full Orderbooks
New orders for gas tankers and containerships have been the main drivers of newbuilding demand during the first quarter of 2022, on the back of hot markets in the liquefied natural gas and liner...
China’s Financial Hub Goes Into Lockdown
China's banks and investment firms are calling on essential staff to live at the office this week to avoid any trading disruption during Shanghai's massive Covid lockdown.
During the pandemic, workers in China...
What One Million COVID Dead Mean for the U.S.’s Future
The U.S. will record one million confirmed deaths from COVID in the next several weeks.
The effects on children may be the longest-lasting.
The effects on children may be the longest-lasting.
The U.S. is...
Despite Falling Cases Of COVID Worldwide, Death Toll Jumps By 40%
Covid cases
The number of people killed by the coronavirus surged by more than 40% last week, likely due to changes in how COVID-19 deaths were reported across the Americas and by newly adjusted figures...
RIX Industries To Demonstrate On-Board Hydrogen-On-Demand
RIX will share system highlights and insight on this breakthrough technology at the International WorkBoat Show, slated for December 1-3, 2021.
Real change is on the horizon, with newly available commercial systems enabling...
MOL To Launch New Manning Agency
Mitsui O.S.K. Lines, Ltd. has announced its intent to establish a manning agency, called MOL Maritime (Adriatic) d.o.o., in Croatia.
Ensuring a stable Seafarer supply
The new company, wholly owned by MOL’s manning company in Europe,...
Stressed Supply Chain But Still Scope For Digitalization And Decarbonization
Quah Ley Hoon said they saw three major trends at play in the current global market.
This will result in continued schedule disruption for shipping lines.
Singapore is the world’s largest container transhipment...