Pacific Radiance bondholders set to vote on restructuring
Offshore vessel owner to hold informal clinics this week ahead of formal vote on bond overhaul.
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August 2018
Tankers: Higher Bunker Costs Will Lead to Increased WS100 of up to 17%
With bunker costs now at an average of 30% higher compared to the comparative period of the past year, it’s inevitable that Worldscale Rates (WS), the standard used to determine tanker freight rates in benchmark routes is bound to shift this year. In i…
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Dry Bulk Market: Capesize Market Dominated By Vale
Capesize Vale dominated the news for the big ships, with reports Brazilian miners took 20 ships, or more, for August positions from Tubarao to Qingdao. Some were concluded the previous week, but rates paid as the week closed out were in the low $24.00,…
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World trade edges up in July – supported by higher US dollar
The gKNi World Trade Indicator registered 140.7 points at the end of July, 0.6% higher compared to the previous month and 10.2% higher than in July 2017. North America is running at full speed. On the other hand, Europe and emerging markets are benefit…
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Volvo Penta Sets 2021 as Deadline to Introduce Electric Power
With the aim of becoming a driving force in sustainable power solutions, Volvo Penta is going full charge into hybrid and all-electric drivelines, offering electrified solutions in both its marine…
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