Hafnia’s Skov says weak product sector will lead tanker recovery
Danish executive bullish on prospects of increasing tonne-miles thanks to refinery closures
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September 2021
Ship Owners Take a Break from More Investment
Activity in the newbuilding and S&P markets has been rather dull during the past week, as the summer lull is gradually coming to an end. Additionally, asset valuations have increased considerably over the course of the past few weeks, with the mark…
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FBX Index Now 430% Higher Than a Year Ago, Nearly Eight Times the Pre-Pandemic Norm
More disruptions due to COVID outbreaks and a possible early summit in this year’s peak season kept ocean rates extremely high though mostly level in August, with the Freightos Baltic Global index ending the month at $10,321/FEU. That is only a 1% mont…
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BIMCO: China’s 49.2 manufacturing PMI indicates falling activity in August
The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak. The recent rise in COVI…
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Sanmar Teams up with Corvus to Develop Zero-emissions Tugs
Corvus Energy and Sanmar Shipyards are teaming up with the aim to develop a new range of zero-emission and hybrid tugs.The partners signed a memorandum of understanding (MOU) to jointly explore and establish a path for the future supply and…
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