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Economic outlook: GDP contraction will weigh on transport demand

Gross domestic product is shrinking in all regions around the world, with China suffering its worst contraction in 28 years, which is severely impacting global trade. Lloyd's List Intelligence data shows idle capacity in the containership fleet is at an elevated level

Containers Tankers and Gas

Kexim bank ramps up loan support for ailing shipyards

Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’

Asia Pacific Containers

Capital Product Partners adds liquidity through leasing deal

Capital Product Partners has now paid down more of the 2017 credit facility that is being partially refinanced, reducing the repayment amount from about $134.9m to $116.5m

International CMA CGM

MPC Container Ships in talks with lenders over liquidity strain

‘The severity and fluidity of the situation makes it challenging to anticipate the timing and shape of a recovery,’ says chief executive Constantin Baack

Norway Containers

Dorian LPG says pandemic clouds outlook as rates weaken

For the 2020 full fiscal year the company reported a $118.8m net profit, and adjusted net income of $130m, in stark contrast to a loss-making 2019 fiscal year

International Dorian Lpg

Is a state-backed rescue of PIL the right response?

Singapore’s Pacific International Lines is looking at a potential rescue by a subsidiary of sovereign wealth fund Temasek, but decisions going forward may not be straightforward

Singapore Containers
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