International Shipping News

BIMCO’s Shipping number of the week: 2% US retail sales growth outperforms China and boosts transpacific trade

A strong comeback in US retail sales has replaced the 14.7% drop seen in April. In fact, US retail sales have been up since June compared with the same months last year, and only three months this year have seen lower retail sales than the correspondin…

BIMCO’s Shipping number of the week: 2% US retail sales growth outperforms China and boosts transpacific trade Read More »

Wind turbine installation vessel business – Reprieve or a debt trap for Scorpio Bulkers?

On 3 August 2020, Scorpio Bulkers (SALT) announced the signing of a Letter of Intent (LOI) to construct a wind turbine installation vessel (WTIV), due for delivery in 2023 with the option for up to three additional vessels. The total cost of the projec…

Wind turbine installation vessel business – Reprieve or a debt trap for Scorpio Bulkers? Read More »