Chinese dry player EGPN makes tanker debut with VLCC acquisition
Former bulk carrier operator turns tanker owner as outlook for wet market brightens
Chinese dry player EGPN makes tanker debut with VLCC acquisition Read More »
October 2021
Prexit complete: GoldenTree sells out of Eagle Bulk after seven years
Private equity fund was Connecticut-based owner’s second-largest holder and had backed company since 2014
Prexit complete: GoldenTree sells out of Eagle Bulk after seven years Read More »
US Navy Awards Austal USA $144 Million Contract to Build T-ATS Pair
The U.S. Navy awarded Austal USA a $144 million two-ship Towing, Salvage, and Rescue Ship (T-ATS) detailed design and construction contract October 5.T-ATS will provide oceangoing tug, salvage and rescue capabilities to support U.S. fleet operations…
US Navy Awards Austal USA $144 Million Contract to Build T-ATS Pair Read More »
Dry Bulk Market Rally Triggers Newbuilding Investment Spree
Ship owners are ramping up their newbuilding ordering activity, loading up with new bulkers, as the market’s prospects appear to be quite bright once again. However, some delays could be expected. In its latest weekly report, shipbroker Banchero Costa …
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Extended supply chain woes to pump carrier profits
Supply chain turmoil will last longer than thought, forcing big upgrades to container freight rates and carrier profit forecasts in Drewry’s latest Container Forecaster report. A longer than anticipated period of supply chain disruption has forced Drew…
Extended supply chain woes to pump carrier profits Read More »