The Baltic Dry Index (BDI) started last week on a firmer footing despite the trade tensions between US, China and Turkey that waned investors’ confidence.
The West of England P&I Club has sent out a client alert giving further information on the re-imposition of US secondary sanctions against Iran.
Panama’s Minister of Maritime Affairs Jorge Barakat held a meeting with China’s Minister of Transport Li Xiaopeng, who visited the headquarters of the Panama Maritime Authority (AMP). Li was accompanied by a delegation of the Chinese government and Chinese companies working in Panama’s maritime sector.
China State Shipbuilding Corporation (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service (CMS), during its first twelve months of trading.
With an improving supply-demand outlook, Pacific Basin Shipping sees better conditions ahead in the dry bulk market despite looming trade tensions.
The tide of the US as a net importer of oil continues its reversal, with the latest announcement from Enterprise Products Partners LP (EPD). The energy “mid-streamer” said that it was in the final stages of evaluating an investment in a terminal in the US Gulf that could load VLCCs, for export.
Mitsui OSK Lines (MOL) and China COSCO Shipping Corporation’s Ice-Breaking LNG carrier Vladimir Rusanov made its first Northern Sea Route (NSR) transit without ice breaker support and also made its first call at the PetroChina LNG Jiangsu Terminal, marking the first direct LNG delivery to China from the Yamal LNG project, this week.