The coronavirus outbreak has affected all aspects of the shipping industry, lowering, if not wiping out, demand growth prospects for the year across all segments. The outbreak has also affected fleet development, says shipping association BIMCO.Contrac…
Coronavirus Disrupts Supply of Ships and Demand -BIMCO Read More »
Sino-Global has decided to acquire a majority stake in China’s Mandarine Ocean.
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Supertanker freight rates have fallen after last week’s highs as industry participants await the outcome of a meeting of oil producers on Thursday before making further bookings, industry sources said.Freight rates could drop further if the Organizatio…
Tanker Rates Fall Ahead of OPEC+ Meeting Read More »
Italian ports cannot be considered safe because of the coronavirus epidemic and will not let migrant boats operated by charities dock, the government has ruled.The decision was taken late on Tuesday after a ship operated by the German non-governmental…
Italy Closes Ports to Migrant Ships Due to Coronavirus Read More »
TUI AG gets an EUR 1.8 billion state aid bridging loan to cope with coronavirus business impacts.
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