Their decision underlines a commitment to protecting the environment that is surely laudable, but especially so when that decision also aids in the…
Related StoriesHats off to CMA CGM for environmen…
CMA CGM offers environmental leadership Read More »
As freight rates, particularly in the dry bulk market, ships’ recycling activity has taken a hit. In periods of a strong market environment, demolition activity tends to suffer and this has occurred once more. In its latest weekly report, shipbroker Cl…
Demolition Activity Suffers as Freight Rates Rebound Read More »
Uncertainties surrounding the coronavirus outbreak, the trade war and volatility in oil prices are governing business decisions being made in 2020. Shipyard demand will likely encounter a further blow given the vast disruptions to economic growth and t…
Capesizes Looking Best For Short Term Gains But Feedermaxes Are In It For The Long Haul Read More »
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020, widening from our previous projection of a drop of around 6%-10%. We expect the global economy to shrin…
Moody’s: Global shipping earnings forecast cut as supply set to outstrip demand Read More »
Waterways Council, Inc.’s (WCI) Board of Directors unanimously elected Tracy R. Zea as the organization’s new President and Chief Executive Officer. He will assume the new duties effective today.With a broad range of Capitol Hill, policy development an…
Zea Named WCI President & CEO Read More »