A normally quiet time of the year for dry bulk shipping is seeing increased activity backed by slowing net fleet growth, signalling positive near-term earnings for the market, according to consultancy firm MSI.
Swire Shipping celebrated the official opening of its new office in the Port of Lae, Papua New Guinea (PNG) on Friday.
Shipping stocks in the US are drawing a new found interest and volume and analysts believe that the market could be headed for a multi-year upturn.
The International Transport Workers’ Federation (ITF) has called on owners of vessels stranded for many months off China to follow the lead of MSC on crew change.
Nasdaq-listed Eagle Bulk Shipping has announced the acquisition of three secondhand supramax bulk carriers for a total of $21.15m and using 329,583 common shares of the company.