Scorpio Bulkers secures loan for Kamsarmax
New York-listed bulker owner will use $12.75m loan facility to finance Kamsarmax bulk carrier due for delivery later this year.
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Wilhelmsen, KONGSBERG Establish Autonomous Shipping Company
Wilhelmsen and KONGSBERG are joining forces to offer a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations. The new joint venture company Massterly will be fully operation…
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Newbuilding Orders To Pick Up Pace During Remainder of 2018
It seems that ship owners will keep pumping more cash on newbuilding orders this year, at a heightened pace over 2017. In its latest weekly report, shipbroker Allied Shipbroking said that “with the Easter Holidays taking out many players out of action …
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Sizing Up China’s Bulkcarrier Fleet
Over the last decade, the global bulkcarrier fleet has expanded rapidly, more than doubling between the start of 2008 and March 2018 to total 822.5m dwt. China has played an important role, with the Chinese owned bulkcarrier fleet accounting for nearly…
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Slow and steady recovery for container shipping
The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance and slightly higher freight rates and profits for carriers, according to t…
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