Kumera AS signed an acquisition agreement with Helseth Invest AS. The agreement will integrate CP propeller manufacturer Helseth AS into Kumera AS marine gearbox operations. Kumera AS is a subsidiary of the international gearbox manufacturer…
Kumera AS acquires Helseth AS Read More »
Activity in the ships’ demolition market has been slowing down over the course of the past few days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as the Eid holidays finally came to an end, there appears to have been …
Demolition Activity Falls As Tonnage Supply Dwindles Read More »
The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current period of volatile global markets, renewed fears of protectionism and trade wars and the possibility of new technologies disrupting tr…
Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall in officer numbers, according to the latest Manning Annual Review and Forecast report published by global shipping…
Manning costs rising on trade recovery and officer supply shortage Read More »
Credit ratings agency says ongoing use of expanded locks by major shipping lines means steady income.
S&P gives better outlook on Panama Canal Read More »