Safe Bulkers trumpets liquidity as it rides rates to profitability
The company’s liquidity increased thanks to the sale-and-leaseback deal on its kamsarmax newbuilding
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November 2020
Little Tonnage Sold for Demolition as Pandemic Rages
A potential increase in demolition activity could go a long way to restoring balance in many shipping markets. With demand slowing down in parts of the world, ship owners need to take a good look towards decommissioning part of their fleet. However, up…
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Moody’s: Shipping Outlook turns stable on EBITDA growth, improving supply-demand balance
Outlook revised to stable from negative. The global shipping industry is on course to perform better overall than we had previously expected this year. We expect the aggregate EBITDA of the shipping companies we rate globally to grow by 3%-5% in 2021, …
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Gas Fest virtual workshops identify incremental pathway for LNG-fuelled shipping
If LNG is a ‘bridge’ fuel, how long is the bridge? And, more importantly, where is it leading? Those questions framed discussions at a series of virtual workshops hosted by Gas Fest and Society for Gas as Marine Fuel (SGMF) last week as senior represen…
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Port Strikes Delay Grain Loadings in Argentina
The loading of five cargo ships in different grains ports in Argentina has been stalled for days due to strikes by port workers, the labor union representing the employees and an industry source said on Wednesday.ADM and the local ACA cooperative…
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