Ardmore Shipping Corporation announced results for the three and six months ended June 30, 2019. Highlights and Recent Activity – Reported a net loss from continuing operations (see Non-GAAP Measures section) of $3.4 million for the three months …
The first half of 2019 saw 201 cargo vessels sold for demolition (sum 2 million tonnes) 75% were scrapped at either Bangladesh or India, with Bangladesh receiving the majority share. Scrapping numbers were down c.18% compared to the first half of 2018….
201 Ships Scrapped During First Half of 2019 Read More »
Further to our Alert of 17 July 2019, the Tokyo and the Paris MoUs issued a joint press release on 27 July 2019 outlining the focus areas for the upcoming concentrated inspection campaign starting on 1 September 2019 and released the questionnaire to b…
Concentrated inspection campaign focusing on emergency systems and procedures Read More »
Capesize The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The 5TC opened the week at $32,765 and closed on Friday at $27,145. It became apparent on Monday that the market …
Dry Bulk Market: Capesizes Down on the Week Read More »
Tensions continue to rise in an area described as the most important chokepoint in the oil transportation system globally. In July, the British-flagged chemical/oil products tanker Stena Impero was seized in the zone in question, the Strait of Hormuz, …