The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came alo…
Following the historically challenged market seen in 2016, earnings in the bulkcarrier sector improved substantially in 2017, with more positive demand side trends across a number of dry bulk commodities seeing the erosion of some excess capacity. Tren…
Bulkcarrier Earnings: How Far Have We Come? Read More »
In 2018 so far, some 17 VLCCs have been ordered, which has expanded the orderbook by 17.0% in terms of vessel numbers, according to Alibra data. Of these ships, all but two are to be built at South Korean yards. One has been ordered in China and anothe…
VLCCs, Place your bets! Read More »
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.“The VAT is completely evad…
EU Suspects Tax Fraud at China’s New Gateway to Europe Read More »
US tanker owner will charter vessels back to SeaRiver Maritime “as a logical extension of our existing petroleum transportation business,” the company said.
Crowley closes deal on three tankers Read More »