Covid-19 be damned: Asia has finally stolen the limelight
Region’s shipping is exiting the worst of the pandemic on a high note
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April 2022
SAAM Acquires Canadian Towage Firms
SAAM Towage Canada announced it has acquired Standard Towing Ltd. and Davies Tugboat Ltd. Both companies provide harbor, shipdocking and towage services on the West Coast of Canada.“Through this acquisition we are adding three Canadian built tugboats t…
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Dry bulk shipping has ‘lacklustre’ day as Atlantic activity dries up
China’s Covid-19 lockdowns are also obscuring outlook on vessel demand, according to Clarksons Platou Securities
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Dry Bulk Market: A Mixed Bag So Far
The dry bulk market has been a mixed bag in terms of performance over the past few weeks, although it should be said that the start of the second quarter of 2022 has been positive so far. In its latest weekly report, shipbroker Allied Shipbroking noted…
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Container ship orderbook hits 6.5m TEU for the first time since 2008
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts. “In…
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