Jinhui Holdings is still paring its fleet as it sees continued uncertainty and market volatility, divesting a 2003-built 52,961 dwt supramax for $8.7m and making a net book gain of about HKD6m ($764,379) from the sale.
The freight market seems rosy this week with the Baltic Dry Index (BDI) surging toward a multi-year high.
As the world of shipping changes much more rapidly than it has done before, the transition of leadership at the International Chamber of Shipping (ICS) is also about keeping up with that change.
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...
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...
With the ratcheting of the trade war between the US and China the fallout is being seen on the transpacific container trade with a 6.7% cut in capacity.