SHIPPING: Asia-US container rates fall, but average global rates rise as possible port strike nears

Rates for shipping containers from east Asia and China to the US were flat to softer this week while global average rates rose by 6%, but the looming strike at US Gulf and East Coast ports could put upward pressure on rates in the coming week. Rates from supply chain advisors Drewry showed Shanghai-New York …

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4 great reasons why bio-LNG is the bridge fuel of the future for vessels

As environmental regulations tighten, vessel owners and operators face growing uncertainty about fuel choices. Could a bridge fuel like LNG or bio-LNG be the smart way to accelerate your journey towards zero-emission green fuels? To achieve the International Maritime Organization’s target to reach net-zero greenhouse gas emissions by 2050, the shipping industry needs to continuously …

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WFW advises Globus on newbuild bulk carrier sale and leaseback financing

Watson Farley & Williams (“WFW”) advised Globus Maritime Limited (“Globus”) on their US$28m sale and leaseback of newbuild bulk carrier m.v GLBS MIGHT with a Japanese leasing house. This is Globus’ first sale and leaseback transaction, with the US$28m being made available under a ten-year capital sale & leaseback arrangement. Athens based Globus is an …

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