From withering heights, VLCC rates have seen a slow but steady decline in the week gone by.
Fearnleys Weekly Report [W13]
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Finance & Economy
March 26, 2020
Castor Maritime Announces $15.3 Million Debt Financing
Castor Maritime Inc., a global shipping company specializing in the ownership of dry bulk vessels,…
March 26, 2020
Global Ship Lease: Closing of Full Redemption of
Global Ship Lease announced that it has closed on its previously announced full redemption of…
March 26, 2020
Seaspan Announces Pricing of US $200 Million Senior
Seaspan, a wholly owned subsidiary of Atlas Corp., announced that it has successfully priced US…
March 26, 2020
Navios Logistics Announces Submission of Confidential Draft Registration
Navios Logistics announced it has confidentially submitted a draft Registration Statement on Form F-1 to…
March 26, 2020
Seaspan Announces Contemplated Sustainability-Linked Bond Issue
Seaspan, a wholly owned subsidiary of Atlas Corp., announced that it has mandated DNB Markets…
Shipping News
March 26, 2020
Indonesia seizes Iran, Panama-flagged tankers over alleged illegal
Indonesia said its coast guard seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya…
March 26, 2020
Pirates kidnap 15 sailors in attack on Turkish
Pirates off Nigeria’s coast kidnapped 15 sailors from a Turkish container ship in the Gulf…
March 26, 2020
Panama Canal constraints persist for LNG tankers arriving
LNG tankers passing through the Panama Canal without a reservation faced average wait times of…
March 26, 2020
Baltic index up on higher panamax, supramax rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk…
March 26, 2020
China’s low-sulphur marine fuel exports in Dec rise
China’s exports of clean marine fuels in December rose to a record since shipments began…
Ports
March 26, 2020
Port of Antwerp: Record container throughput limits losses
The total throughput of Port of Antwerp in 2020 amounted to 231 million metric tonnes…
March 26, 2020
Large Fire at Port of Cork Brought Under
Firefighters have brought a large fire at the southern Irish port of Cork under control…
March 26, 2020
APM Terminals sets all-time volume records in Denmark
Despite headwinds from the COVID-19 pandemic and disruptions to global supply chains, APM Terminals secured…
March 26, 2020
Rotterdam: Arrangements for moderate increase in port tariffs
The three-year arrangement on port tariff increases that exists between the Port of Rotterdam Authority…
March 26, 2020
Iraq signs $2.6 billion deal with Daewoo to
Iraq agreed to a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on…
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