VLCC market showing signs of strengthening again after a quiet week with most of the market-players away in Dubai.
Fearnleys Weekly Report [w47]
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Finance & Economy
November 22, 2018
Euronav share buyback
Euronav announced it has purchased on the NYSE and on Euronext Brussels a total of…
November 22, 2018
Wave of North American Oil and Gas Bankruptcies
A wave of oil and gas bankruptcies in North America is likely to continue this…
November 22, 2018
Ocean Tankers’ supervisor to start restructuring talks with
EY, the court-appointed supervisor for Ocean Tankers Pte Ltd (OTPL), has proposed two restructuring options…
November 22, 2018
Diana: Repurchase of US$8 Mln of Senior Unsecured
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced…
November 22, 2018
Ardmore Comments on Unsolicited Acquisition Proposal from Hafnia
Ardmore confirmed that on June 19, 2020 it received an unsolicited acquisition proposal from Hafnia…
Shipping News
November 22, 2018
Baltic index falls as capesize rates ease
The Baltic Exchange’s main sea freight index was down on Thursday, as declining capesize vessel…
November 22, 2018
Desperate Times for Seafarers Stranded by Pandemic
Jens Boysen disembarked one of the world’s largest container ships on Thursday after 167 days…
November 22, 2018
Baltic index falls on lower capesize vessel rates
The Baltic Exchange’s main sea freight index slipped on Wednesday, as falling rates for capesize…
November 22, 2018
Carriers Accused of ‘Profiteering from the Crisis’ Get
After better-than-expected first-quarter results, ocean carriers have upgraded their financial guidance, despite the impact of…
November 22, 2018
Cosco Strikes Blockchain Pact for Ocean Cargo
China’s state-run container line Cosco Shipping Holdings Ltd. will work with Alibaba Group Holding Ltd.…
Ports
November 22, 2018
Port of Antwerp limits damage during corona crisis
The total throughput of the Port of Antwerp fell by 4.9% in the first half…
November 22, 2018
International Award for Green C Ports Project implemented
The Green C Ports European Project has been awarded the 2020 World Port Sustainability Award…
November 22, 2018
Drewry: Port Throughput Drops to 3-Year Low
In April 2020, the global container port throughput index stood at 121.6, precisely the same…
November 22, 2018
DP World Successfully Concludes Acquisition of TIS Container
Dubai-based provider of worldwide smart end-to-end supply chain logistics, DP World, with a global network…
November 22, 2018
Thessaloniki Port Sees Container Throughput Increase
On May 25th, 2020, the Board of Directors of Thessaloniki Port Authority S.A. approved the…
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