OOCL Profits Plummet Amid Soaring Rates & Demand Spike
OOCL enjoys rich profits following a demand spike despite pandemic.
OOCL’s liftings improved by an above-market 7.3% on 2019 with revenue gaining 18.9% on the year.
Tradelanes also record substantial gains and no...
COVID’s Silent Spread, A Special Report
In early February, 57 people arrived at a Nebraska military base, among the first Americans evacuated from Wuhan, China, the epicenter of the new coronavirus outbreak. U.S. health officials knew very little then about...
Drugs Worth £76million Were Seized At Southampton Port
Forbidden fruit! Police seize nearly a TON of cocaine with £76million street value hidden in shipment of bananas at Southampton port, reports Daily Mail.
Seized Drugs
Cocaine with a street value of £76 million has...
Oil Market Bullish, Post Biden Inauguration
As expected, Wednesday's inauguration of Joe Biden as president of the U.S. had a beneficial effect on oil; but the gains were minimal, says an article published in ship & bunker.
Experts Comments
John Kilduff
Still, the...
Call for Creation of Dedicated Seafarers Support Fund
Maritime body MUI demands announcement of a support fund for seafarers in the forthcoming Budget.
Maritime Union of India (MUI) is the country''s oldest union of merchant navy officers.
It has urged the...
Royal Caribbean Extends Cruise Suspensions
Royal Caribbean Group continues to focus on the healthy and safe return to cruising for guests, crew, and the communities we visit, says an article published in Marine Insight.
Sailings Suspensions
As the Royal Caribbean Group...
Holland Shipyards Group Secures Order for Hybrid Ferry Trio
Dutch ship designer and builder Holland Shipyards Group has secured a contract to build three additional hybrid ferries for towing and ferry company Schlepp- und Fährgesellschaft Kiel (SFK), reads the company news release.
Hybrid drivetrain...
Dry Bulk Shipping ETF Stays At Top in 2021
A targeted dry bulk shipping exchange traded fund has rallied in the new year, breaking from traditionally weak seasonal trends.
Among the best performing non-leveraged ETFs of Friday, the Breakwave Dry Bulk Shipping ETF...
UK Trials 24hr COVID Vaccination Centres To Reach ‘Jab’ Target
The UK needs to vaccinate 2 million people a week to hit its target of 14 million by Feb 15.
Wednesday set a new record for COVID-19 deaths, with 1,564 victims.
There is...
Former Chinese Shipbuilding Chief Arrested
The Supreme People's Procuratorate arrests Hu Wenming.
He is a former Party chief and chairman of China Shipbuilding Industry Corporation (CSIC).
The reason for the arrest is suspicion of taking bribes and abuse...