After falling rates and months of bad news, the dry bulk shipping community believes it has seen positive signs for the near-term markets. That’s despite some of the benchmark dry bulk seaborne volume and freight rate numbers taking a deep, deep dive. And, on analysis, the dry bulk shipping markets are currently really mixed-up.
Transitioning to a carbon free world could cost billions of dollars, but the price of a zero emissions technology is still considerbaly less than using fossil fuels, which could cost us the Earth.
So far this year, there has been heightened refinery downtime for maintenance and upgrades, but the tide is expected to turn in the second half, to the benefit of product-tanker rates.
When carriers cut ship speeds in the great recession, emissions fell. Now a group of companies says this phenomenon can be used to fight global warming.
Utility and telecom plays have been among biggest bets for Australian investment manager, but it’s also selectively added U.S. port assets.
Gains in international intermodal offset by losses in domestic container and trailer moves.
The conversion to become IMO 2020 compliant is expected to happen in the fourth quarter.
The shipping management platform currently is available in seven countries but is expected to be offered globally by the end of the year.
Graham Westgarth is named CEO, Rob Rose is appointed president and Somer Webb is promoted to chief financial officer.
This year marks the 200th anniversary of the first steamship to sail across the Atlantic.
Long-serving shipping man to replace former energy executive and consultant who led ship manager for less than two years.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
Market expert Brian Aoaeh’s article focuses on the current and upcoming maritime industry issues – IMO 2020, global warming, rising sea levels, etc. Read Brian’s take on how the maritime industry is meeting these challenges.
Sharp increase in profit, revenues and volumes reflect the purchase of a majority interest in Orient Overseas (International) Ltd. last summer.
Bosch is working with Powercell to develop a hydrogen fuel stack for vehicles. Plus, housing index has positives for home buyers, JFK starts new phase of air cargo expansion, and trucking company in Denver crash had history of violations.
At the same time Wall Street investors are shunning ship owners, European banks are pulling back on providing debt to ocean shipping. What are the short- and long-term implications for freight markets?
A chief operating officer is hired and board members are elected.
U.S. soybean exports have fallen in the past year in part because of the drop in exports to China due to tariffs and swine fever.
DSV says it had “healthy top-line growth” and expects to close Panalpina acquisition in third quarter of 2019.
Developing markets offer high growth, but high risk, as dispute between east African nation and Dubai firm forces Chinese ports operator to refinance loan.
