Matson improves earnings in face of Covid challenges
US boxship owner beats estimates for fourth quarter, thanks mostly to high-speed China service
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February 2021
Baxter Marine Group Acquires WheelHouse Technologies, Vessel Vanguard & SeaKits
Baxter Marine Group announced it has acquired Wheelhouse Technologies, VesselVanguard and SeaKits Brand.The combined companies support more than 3,000 commercial, military, charter and recreational watercraft worldwide. Intuitive user tools…
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GS Energy turns shipowner with $270m order for up to three VLCC newbuildings
South Korean energy-solutions outfit inks scrubber-fitted crude carrier newbuildings against long-term charters to HMM
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Dry Bulk Tonnage in High Demand
A bullish sentiment is prevalent in the dry bulk market, leading to an increased demand for second hand tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the market seems to be overflowing with bullish…
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Global Container Shipping Rates Are High, but Unsustainable
Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider…
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