As a decision nears on how the Baltic Exchange will handle IMO 2020 and index changes loom, some of the largest participants in the freight derivatives market are crying foul.
A raft of countries including Britain, Australia, Canada and Japan have detected and intercepted foreign and North Korean vessels involved in ship-to-ship transfers of suspected oil cargoes in the East China Sea in recent months.
CEO has pointed out that secondhand prices for 10-year-old container ships have fallen recently.
CST to acquire its peer company Rigel operating in Bremen with 23 employees
The better conditions come after the tanker market suffered its worst year in 25 years, while the dry cargo market has slowly recovered from a sustained downturn.
Approval comes amid accusations that Mercuria is seeking to acquire the bunker supplier.
Order will raise Norwegian owner’s Kamsarmax fleet to 10 units.
If the plan is approved, Sinotrans will be delisted from the Hong Kong Exchange early in 2019.
Both captains of a cargo ship and a fishing vessel involved in a collision near Taiwan’s Taichung port have refused to admit they were at fault.
COSCO Shipping Specialized Carriers has ordered up to nine 62,000 dwt open-hatch pulp carriers from sister shipyard COSCO Shipping Heavy Industry.
Klaveness Combination Carriers is going ahead with another 83,563 dwt unit at Jiangsu New Yangzi, one of Yangzijiang’s shipyards.
Rizhao Jurong Port in Shandong, China, is seeking a listing on the Hong Kong Stock Exchange.
The sale could be one of the largest terminal deals ever, dwarfing the USD2.4 billion sale of OOIL’s terminals on the US east coast and in Vancouver, Canada, in 2006.