The UN and the Ukraine government have announced a 120-day extension of the Black Sea Grain Initiative. The deal between Ukraine and Russia was due to expire on Saturday but […]
Singapore-based bulker owner Grindrod Shipping has seen earnings decline as it prepares to be taken over by Taylor Maritime Investments (TMI). The US-listed company said net profit in the quarter […]
Shippers are shelving their contract duties and turning to spot markets for vessel spaces as container freight markets soften further. Customers are taking a wait-and-see approach amid a persistent decline […]
Greek dry bulk giant Star Bulk Carriers has managed to sail two of its vessels safely out of Ukrainian waters under grain-export agreements while a third remains in place under […]
Zim Integrated Shipping Lines has sharply lowered its full-year earnings guidance as the container market continues to normalize. The New York Stock Exchange-listed company expects earnings this year to be […]
RCL saw its bottom line hit in the third quarter by rising costs and falling rates. The intra-Asian liner operator and owner saw net profits slide in the second quarter […]
China industrial indicators show continued weakness in October Chinese industrial output increased by 5% YoY in October, slowing from the 6.3% print in September, according to the country’s latest economic […]
Savings made on fuel costs and gains on vessel sales helped bulker owner Golden Ocean ride out weak markets during the third quarter and keep profit at an elevated level. […]
Shippers should prepare for a collective $14bn in costs as container lines pass through the cost of decarbonization and new environmental regulations, according to analysts at Drewry. As well as […]
The agreement to export grain through a safe shipping lane in the Black Sea should be extended and scaled up when the current deal finishes this week, according to the […]
