12 Port Klang (Malaysia)
The Malaysian port saw volumes fall back in 2017 at the expense of transhipment rival Singapore
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Nam takes the helm at South Korea’s Busan Port Authority
Previous incumbents of position have included current IMO general secretary Lim ki-Tak.
Nam takes the helm at South Korea’s Busan Port Authority Read More »
Bunker costs, freight rates sink Cosco profits
“Historical low” in international oil transportation dents Chinese state shipowner’s bottom line.
Bunker costs, freight rates sink Cosco profits Read More »
Will Autumn Season Bring the Much Anticipated Shipping Market Rally?
As the final quarter of the year is nearing, ship owners will undoubtedly be looking forward to yet another strong end of the year, in terms of the freight rate market. In its latest weekly report, shipbroker Allied Shipbroking said that “as we edge cl…
Will Autumn Season Bring the Much Anticipated Shipping Market Rally? Read More »
A record poor tanker market with a growing fleet is prolonging the crisis
Demand BIMCO expected the crude oil tanker market to continue its struggle from 2017, but the magnitude of it has been staggering, as evidenced by the worst freight rates on record. This is particularly true for crude oil tankers, but the oil product t…
A record poor tanker market with a growing fleet is prolonging the crisis Read More »