Seattle-based maritime transportation provider Centerline Logistics announced it has acquired a fleet of four liquid tank barges and four tugboats from maritime asset holding company JMB Shipping.The deal closed on February 23, and its terms were not d…
Centerline Logistics Acquires Tugs and Barges from JMB Shipping Read More »
Tanker newbuilding have gone up by about 50% on average, since 2020. In its latest weekly report, shipbroker Xclusiv said that “following the previous week’s analysis on dry bulk values, we now focus on analysing the tanker price evolution over the pas…
Tanker Newbuilding Prices Up 50% Since 2020 Read More »
VesselsValue unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan’s resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kon…
During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the …
Cargo volumes in Red Sea area drop 21% due to attacks on ships Read More »
A new container shipping line has been launched in Saudi Arabia.The newly formed company, Folk Maritime, will provide feeder vessel and short-sea shipping services in the Middle East and the surrounding region.The Riyadh-headquartered company is led by…
New Container Shipping Company Launched in Saudi Arabia Read More »