Baltic Exchange Dumps Restructuring Plans
The Baltic Exchange is dropping plans to restructure the world's oldest shipping market as a mutual body. "The board has decided not to develop detailed proposals…
Capesize Momentum Likely To Continue Through End Of Year
The momentum in the Capesize shipping markets is likely to continue across the next month, shipping brokers said. However, continued rate strength in the New Year…
Depressed Rates Take Toll On Older Vessels
Low tanker rates are pushing increasing numbers of old VLCCs to the scrapyard, but not enough to counter deliveries of new vessels, shipping brokers said. "Depressed…
Panama Canal's Locks Stand Test Of Time
The man-made chasm, large enough to swallow the Titanic whole, yawns before him. To reach the bottom takes an elevator, a hard hat and no fear of heights. But for Ivan Lasso…
ISM Compliant Ships Make Fewer Claims: Insurer
Protection and indemnity (P&I), and hull insurer, The Swedish Club reported that a study it conducted showed direct evidence that ships complying with the International…
Market Secrecy Bad For Rates, Say Brokers
Increased secrecy in the tanker chartering market may be pushing rates lower, even though many brokers and owners like the idea of doing private business. Although…
NCL Turns Down Carnival's $1.7B Takeover Bid
NCL Holding ASA flatly rejected a 30 crown ($3.72) per share takeover offer from Carnival Corp, saying it undervalued the group's potential. NCL Chairman Kristian Siem…
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