Eastern Pacific Shipping grabs first place in pro relay race
Singapore-based shipping company shows it’s a quick mover
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August 2023
Ship Recycling Market Looking For Solid Footing
The ship recycling market is still looking for a solid trend, as it remains in flux. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “at present, there seems to be too many obstacles to give any comfort to ship recyclers and he…
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Drewry: Tanker Shipping Stocks Volatile in 2023
So far, the year 2023 has been very volatile for stocks of crude tanker shipping companies. Drewry Crude Tanker Index rallied at the beginning of the year, followed by a declining trend between the latter half of March and June. However, the index is o…
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Container Market Sentiment Signals Rebound: A ‘Shipper’s Market’ this Peak Season
Container xChange, an online container logistics platform, published its August Container Market Forecaster today. Despite the ongoing market fluctuations, the Container Price Sentiment Index (xCPSI) has exhibited resilience and witnessed growth in Jul…
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Ferry Loses Rudder After Running Aground in Maine
A Maine State Ferry Service vessel was damaged after running aground off the coast of Vinalhaven on August 16.The car and passenger ferry Captain Richard G. Spear was pulling away from Vinalhaven to start a trip to Rockland shortly after 10:30 a.m. whe…
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