Newbuilding plan has won board approval from China Merchants Energy Shipping, with the contract to be signed “in due course”
Related StoriesMatson projects $30-$40m boost in post-2019 annual earningsSeaspan takes a …
China Merchants to order VLCC quartet Read More »
Just four VLCCs and five Suezmaxes have been scrapped during the Jan-October period, with most owners refraining from selling their older ships for demolition, altering the tanker market fundamentals. In its latest weekly report, shipbroker Gibson said…
Just 4 VLCCs Scrapped During 2019 Read More »
Capesize Over the past week the Capesize market has broken out of its recent range bound zone to the downside. It has now dropped below the $20,000 level on 5TC, which hasn’t been seen since early July. With ample tonnage in the ballaster line-up, and …
Dry Bulk Market: Capesizes on the Downside Once More Read More »
A significant recent judgment by the Genoa Court of Appeal examined the extent and nature of the informative duties imposed on shipbrokers under Italian law. Facts The case concerned the potential liability of a shipbroker in the conclusion of a charte…
Decision on shipbrokers’ informative obligations Read More »
Matson’s logistics revenue was 11% lower in the third quarter of 2019 than in the same period last year, but…
Related StoriesBox shipping’s mini-recovery must be seen in contextDecarbonisation and digitalis…
Matson projects $30m-$40m boost in post-2019 annual earnings Read More »