Seaborne coal trade has retreated during 2020, as major exporters witnessed lower trade figures. In its latest weekly report, shipbroker Banchero Costa said that “in the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-o…
Dry Bulk Market: Seaborne Coal Trade Down 12.7% in 2020 Read More »
McQuilling Services is pleased to announce the release of its 2021-2025 Tanker Market Outlook. This 185-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply proje…
Banks had been selling their shipping loans with gusto through 2018 and 2019, but the arrival of the Covid-19 pandemic combined with stricter selectiveness on the part of potential buyers has drastically reduced the market for shipping loans. Record sa…
Forced hiatus of shipping loan sales Read More »
The Coast Guard Foundation said Thomas A. Allegretti has been elected to the position of Chairman of the Board, effective January 7, 2021. Allegretti first joined the Coast Guard Foundation board in 2006 and has served on the Executive Committee and th…
Coast Guard Foundation Elects Allegretti as Chairman Read More »
A move by South Korea towards releasing $7 billion in frozen Iranian funds may help spur Iran’s judiciary to resolve the seizure of a Korean ship being held for alleged environmental pollution, a senior Iranian lawmaker said on Friday.Earlier…
Iran MP Says Unfreezing Funds May Help Release of South Korean Tanker Read More »