The COVID-19 pandemic seems to have shattered the ability of analysts to predict the outlook for the global economy putting a veil of uncertainty on different market prospects including shipping. Predictions are being revised downwards ever more frequently as new metrics and factors are being considered as they emerge. One thing is definitely certain, it …
Hapag-Lloyd CEO: We are well-positioned to weather the storm Read More »
The Port of Long Beach has secured a $500 million loan from the U.S. Government to help finance a massive infrastructural project aimed at allowing larger ships to enter the port. “This $500 million federal investment reflects the President’s continued emphasis on infrastructure that will reduce traffic congestion while enhancing the Port of Long Beach’s …
Spanish ferry operator Baleària is working towards being the first shipping line in the world to obtain the Global Safe Site Covid-19 badge at the highest level (Excellence) from the international certification and inspection body Bureau Veritas. Image Courtesy: Baleària As informed, certification will cover sixteen of the company’s ships and two ferry terminals that …
Baleària eyes COVID-19 safe certification for its ships, terminals Read More »
DOF Subsea has received a notice of early termination of a two-year charter contract for the vessel Skandi Acergy, from an international client. The notice period is 60 days, and the termination of the charter contract will be effective on 1 July 2020. DOF Subsea should receive a termination fee after the closing. The Skandi …
DOF books two charters while Skandi Acergy gets axed Read More »
A recent decision on an arbitration between MISC Bhd and Shell that started in 2016 will likely impact the shipping giant with a one-off impairment of over US$550 million in the first quarter ended March 31, 2020 (1QFY2020). The Asian International Arbitration Centre ruled that MISC is liable for defects in the Gumusut-Kakap semi-floating production …
NYK has extended measures to work from home to prevent the spread of Covid-19 and ensure the safety of company employees. – Outline of Extended Remote Work Plan Eligible Employees: Head office and branch office employees Period: May 7, 2020, to May 31, 2020 (may change according to the situation) Workstyle: The company has ordered …
Freight on the US Gulf Coast-trans-Atlantic and Caribbean/East Coast Mexico-Upcoast Aframax routes fell 41% and 47% week on week, respectively, as cargo inquiries dried up amid a closed trans-Atlantic arbitrage and oil company relets, as well as ballasters entering the market, according to S&P Global Platts data. Softer rates on larger ships, as well as …
Americas Aframax freight falls 41%-47% on week as relets, ballasters emerge Read More »
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
