The cruise behemoth plans to carry much more cash on its books going forward, chief executive Frank Del Rio says
Norwegian Cruise Line Holding’s Del Rio: next year could be ‘record year’ Read More »
The tanker market is still expected to face some headwinds moving forward, but as the global economy recovers, so will oil demand. In a recent market analysis, ship owner Teekay Tankers said that “crude tanker spot rates remained under pressure during …
Tanker Market Facing Short-Term Challenges, But Outlook Still Positive Says Ship Owner Read More »
Proposals for global tax reform have the potential to undermine the tax policies applied to shipping. The OECD, with increasing support from the G7, plans radical reform of taxation of large multi-national companies. The introduction of a “global minim…
Tax reforms could shake shipping Read More »
Non-stop demand, as well as the lingering impacts of the Suez blockage drove a 19% increase in the Freightos Baltic Global Container Index (FBX) in May to a new high of $5,230/FEU. Delays – though not as severe as some had anticipated – and the resulti…
FBX Index May: Market Summary Read More »
CMA CGM, one of the world’s largest container shipping groups, on Friday posted a jump in first-quarter earnings and said it expected strong demand for transporting consumer goods to continue for the rest of the year.French-based CMA CGM’s net profit r…
CMA CGM Earnings Jump as Shipping Rush Continues Read More »