Taiwan Navigation has placed an order for two new 80,000-dwt bulk carriers at Japan’s Namura Shipbuilding.
K Line is taking a JPY50bn ($448m) hit on the cancellation of charter contracts for bulkers and containerships.
The International Association of Dry Cargo Shipowners (Intercargo) has urged dry cargo owners to prepare their vessels for “landmark changes” in shipping in 2019.
Capesize market remained quiet throughout the week with thin activities from the Asia-Pacific and Atlantic regions.
As the severe dry season continues the Panama Canal authorities announced on Thursday it will reduce the draught in the neo-panamax locks for a fourth time effective 29 March.
Paris-headquartered broker BRS has acquired the Colombian international shipbroking company Amazonas Shipping SAS.
In the medium term shipping should expect disruption in demand across a broad swathe of markets due to shifts in energy and consumer goods production.