Despite a resurgence in the global trade volume and continuously rising fleet growth, insurance premiums have continued to stagnate, according to figures from the International Union of Marine Insurance (IUMI).
Container lines United Arab Shipping Company (UASC) and Hamburg Süd have signed a global cooperation agreement spanning the EU, Asia and the Americas.
China Exim Bank is focusing its efforts in financing shipowners for orders of high-tech and LNG vessels, eco-ships and offshore units.
Considering we are almost into the fourth quarter, large crude tanker earnings remain at shockingly low levels. And with the International Energy Agency (IEA) and US Energy Information Administration downgrading their forecasts for oil consumption the prospects are not looking good.
More newbuilding orders will delay a recovery in the dry bulk market an analyst warns, however, shipowners at the Marine Money Asia conference say it is the right time to buy.