The company’s chief executive tells Lloyd’s List that it can manage through what may be a delayed recovery in the product tanker market
Demand still remains constrained by the effects of the pandemic. But Grimaldi’s Baltic specialist is pushing ahead with fleet renewal plans
Company chief tells Lloyd’s List that it is well placed to benefit from the dry bulk demand surge and as a result has raised its full-year profits guidance
Bulker owner’s strong first quarter of the year result receives a boost from $7.6m in compensation from charterer for early termination of capesize
The owner and operator of 47 very large crude carriers and 28 suezmax tankers also raises the crewing crisis and says the deployment of elderly tankers to illicit trades is curbing scrapping
The company says it exported a record of 133 cargoes of liquefied natural gas in first three months, ‘with production incentivised by strong global LNG margins during the quarter’
Maersk bet the farm on selling off non-core assets and focusing on container logistics. The gamble appears to have worked, with the company’s ocean customers voting with their wallets by taking up its logistics services
‘Demand [for crude] is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,’ DHT said.
An exceptional market situation continues to drive demand and freight rates during a period of bottlenecks and shortages. The disruptions are set to continue into the fourth quarter
Volatility on the back of rising commodities prices sees nearly 816m tonnes of freight traded in first four months of the year
There is no doubt that the US economy is rebounding due to Mr Biden’s efforts, which have largely resulted in more money being spent on services and consumer goods that benefit shipping
The purchase en bloc of five tankers came days after Castor agreed to acquire a 2011 China-built panamax dry bulk carrier from an unaffiliated third party
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