The effects of the outbreak of the Coronavirus appear to have also hit the ships’ demolition market. In its latest weekly report, shipbroker Clarkskon Platou Hellas commented that “we have witnessed a mixed week for the ship recycling industry, b…
Demolition Market Struck by the Coronavirus Read More »
Demand and Route Analysis Observing ton miles for the Capesize fleet, data shows that whilst demand has dropped, it’s not as low as what we have observed in the past 12 months. The 12-month low, related to last year’s Brazilian dam collapse, occurred o…
Capesize Market Looking Bad but has Potential for Bounce Back Read More »
Shipyards are facing disruption to newbuilding, repair and conversion projects due to the impact of the virus on their labour force and the ability of their subcontractors to meet their commitments to supply materials and equipment necessary for the co…
COVID-19 And Its Consequences On Shipbuilding Contracts Read More »
Fairbanks Morse received a purchase order from Lockheed Martin – the U.S. Navy’s prime contractor on Littoral Combat Ship’s (LCS) Freedom variant – to build and deliver the main propulsion diesel engines (MPDE’s) for the 16th ship of the class…
Fairbanks Morse Power for USS Cleveland (LCS 31) Read More »
Ports can ‘recharge’ the economy but call for more government support
Related StoriesNorden focuses on trading opportunities amid uncertaintyShipping accused of failing seafarers on human rightsPIL sells more assets…
UK ports to press government on Freeports Read More »