Vale to phase out 25 converted VLOCs from its fleet
Vale has also revised its guidance for iron ore fines production in 2020 to 310m-330m tonnes from 340m- 355m tonnes
Vale to phase out 25 converted VLOCs from its fleet Read More »
April 2020
ASA Appoints Sonoda as Secretary General
With the current international efforts to contain the spread of COVID19, travel restrictions are in place globally. However, ASA has determined that it is not an obstacle to have Yuichi Sonoda picked up his role as ASA newly appointed Sec-Gen with effe…
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Court bid fails to halt Maersk's New York terminal exit
A GCT spokesperson said the firm will continue legal proceedings ‘for full damages against Maersk in order to protect our…
Court bid fails to halt Maersk's New York terminal exit Read More »
Bocomm Leasing signs tanker charter deal with Shell
Deal is expected to give a fillip to the order-thirsty Chinese yards amid a severe demand downturn battering the broader…
Bocomm Leasing signs tanker charter deal with Shell Read More »
US Navy Pays Contractors $600 Mln That Had Been Withheld
The U.S. Navy has paid defense contractors $600 million it had withheld due to poor workmanship, hoping the funds would shore up finances for suppliers ravaged by the coronavirus-driven economic downturn, a Navy official said on Tuesday.The move…
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