Pan Ocean becomes latest shipowner to invest in an airline
South Korea’s largest shipowner says acquisition is just a punt on the airline’s shares increasing in value
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December 2022
Tankers Changing Hands Left, Right and Center
Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allies proceeding with mass acquisitions of older tanker tonnage, which has started to reflect in the S&P market. In its latest weekly report, shipbroker …
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Fitch Ratings: Global Shipping Outlook Worsens on Lower Container Freight Rates
Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing…
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Global container volumes fall 9.3% y/y as historic growth cycle ends
From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges and historically high liner operator financial results which have been the norm since. In September 2022, h…
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China eases Covid-19 policy, raising hopes for capesize bulkers
China’s relaxed pandemic measures may offset market weakness brought on by seasonality, Breakwave Advisors’ John Kartsonas says
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