Cargo Ship Travel Back To Action, Creates Buzz
A recent news article published in the Travel talks about how Cargo ship travel is creating a buzz on the vacation scene, and these are the longest ventures one can take by sea.
Travelling by...
Tufton Oceanic Assets Makes Smart Investments In Tankers
Kyle Morris writes for Market Watch about Tufton Oceanic Assets to Buy Product Tanker, Handysize Bulker for $54.5M.
Purchase of product tanker
Tufton Oceanic Assets Ltd. said Thursday it has agreed to acquire a product tanker...
Fortune Of Chinese Billionaire Chairman Shrinks
Shenzhou said in a statement today that 10 cases of Covid have been discovered in a Ningbo city district, and local authorities have started “large-scale nucleic acid testing work” in the area affected.
...
Exciting Supply Chain Predictions in 2022
A recent news article published in the Freight Waves talks about fearless supply chain predictions: Here’s what will happen in 2022.
Goodbye, 2021. Hello, 2022
What do you have in store for us? More supply chain...
The First Company To Enter $3 Trillion Club
Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly traded company ever to be worth that much, reports CNN.
Apple’s market value
Shares...
Global Bunker Fuel Availability Outlook
Singapore stocks fall on net import drop in Dec
HSFO380 availability improves some in Fujairah
Prompt supply still possible in European hubs
US fuel oil supply pressured by destocking
Fujairah’s heavy distillate and residual...
Inter-basin Spreads Turn Positive Amid Shifting LNG Trade Dynamics
Mild weather forecast in Europe through January
Japanese buying interest piques
Inter-basin spreads returned to positive territory, signaling better economics for delivering LNG to Asia, as European prices came off faster amid mild weather...
CMA CGM Opts Wärtsilä LNG Technology for 12 Boxships
Wärtsilä will supply 60 dual-fuel auxiliary engines and additional systems for a series of 12 boxships being built for in China for CMA CGM.
The series comprises six 13,000 teu vessels under construction...
SM Line Becomes Minority Shareholder in HMM
South Korean liner operator SM Line Corporation has become a minority shareholder in its larger compatriot rival HMM, with a 0.49 per cent stake, reports SeaNews.
Minority stakeholder
SM Line, which withdrew its initial public offering...
Piraeus Bank To Sell Bad Shipping Loans To US Unit
Piraeus Bank, one of Greece’s four largest lenders, has reached a deal to sell a portfolio of non-performing shipping loans to an entity affiliated with Davidson Kempner Capital Management, reports Reuters.
The agreed price will...