Domestic ship asset management firm Shanghai Platinum was said to be taking over Fenghai for Yuan1.3bn
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China’s Fenghai Shipping gets approval to restructure $1.3bn debts Read More »
The dry bulk market has been on the downside for 20 straight sessions now, indicating that a weak sentiment has settled for good. To make matters worse, in three weeks time comes the Chinese New Year, traditionally a low point for the market in terms o…
Dry Bulk Market: Things Will Get Worse Before They Improve Read More »
The Shanghai Containerized Freight Index (SCFI) spot rate for transporting one TEU from Shanghai to Europe was up 41% to USD 1,124 per container on 3 January 2020 – its highest level since December 2016 – from USD 800 on 6 December 2019. Th…
Strong container spot rates up at USD 1,124 due to seasonality – not IMO2020 Read More »
The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark…
Risk premium for tankers to soar amid rising tensions in the Middle East Read More »
Adnan Nefesoğlu, RMK MARINE’s CEO, thought a short moment and replied by reflecting his self-confidence “Yes, we can do”, when the local client came and asked RMK MARINE in early 2016 that: “We have two main engines, procured eight years ago and stand…
Great Ships 2019: T. Elinor Read More »