Nan Fung exits MR tankers with sale to Hong Kong start-up
Windar Shipping snaps up 2007-built ship after forming in April
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NZ Marine Signals Cautious Confidence Amid Economic Pressures
The new executive director of the New Zealand Marine Industry Association (NZ Marine) says that the inherent strengths of the marine industry can help it navigate fuel pressures and challenging economic conditions. Former Coastguard New Zealand…
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China and US Agree on Opposing Hormuz Tolls, State Department Says
Senior U.S. and Chinese officials agree that no country can be allowed to exact shipping tolls in the Strait of Hormuz, the State Department told Reuters on Tuesday, in a sign that the two countries are trying to find common ground on efforts…
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Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market
Ship owners are increasing their activity in the market for newbuildings and second hand vessels. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, China’s Jiangmen Nanyang Shipbuilding sec…
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What a Guinea Bauxite Export Cap Could Mean for Dry Bulk
Guinea has long been a cornerstone of the global bauxite trade, and its rapid export growth over the past five years has been a key driver of Capesize demand and firmer freight rates. However, the combination of a stalled Chinese aluminum industry, sup…
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