Capesize rates have continued to be depressed by lack of physical activities this week. However, the paper market for capesize index managed to turn positive for the first time on Monday since late February 2019.
Taiwan Navigation has placed an order for two new 80,000-dwt bulk carriers at Japan’s Namura Shipbuilding.
The International Association of Dry Cargo Shipowners (Intercargo) has urged dry cargo owners to prepare their vessels for “landmark changes” in shipping in 2019.
Oman Shipping Company (OSC) is eying an ambitious fleet expansion plan after it ordered two eco-friendly newbuild VLCC at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).