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