With the global economy expected to be in recession mode from the second quarter onwards, expectations for a shipping industry rebound in 2020 are practically non-existent, with the sole silver lining being the low oil price environment, which has temp…
Shipping Is Just Waiting for the Inevitable Read More »
PMI readings for April indicate a massive weakening of global manufacturing. The manufacturing PMI readings serve as a bellwether for container shipping volumes for the months ahead, and recent data suggest that 2020 will be a stress-test for container…
China’s New Export Orders index at 33.5 – container shipping demand in free fall Read More »
A slump in oil demand on the back of Covid-19-enforced global lockdowns has sent the crude and tanker trades into a tailspin. With the world effectively awash with surplus oil and crude prices at historically low levels, commodity traders have been cli…
Oil storage not a quick fix Read More »
Maritime Administration implements new way of doing business in government shipbuildingNot only is the Maritime Administration (MARAD) back in the shipbuilding business with the National Security Multi-Mission Vessels (NSMV), the agency is using…
MARAD Takes New Approach to Government Shipbuilding Read More »
China Merchant Heavy Industry (CMHI) has ordered 6 × MAN 12V32/44CR main engines in connection with the building of a new 5,000-tonne floating installation crane vessel – already christened ‘Les Alizés’ – for Jan De Nul Group.Delivering a cumulative ou…
MAN Engines Ordered for New Offshore Installation Vessel Read More »