The Hellenic Coastal Shipping ends the summer season with: A reduction of EUR 300 million in turnover An average of 40% reduction in passenger traffic Disappointing forecasts for 2021.
Ship owners have shown an appetite for newbuildings in the energy segment, with tankers, LPGs and LNGs taking center-stage. By contrast, demand for dry bulk carriers has taken a back seat since the start of 2020, with market sentiment particularly weak at the moment. In its latest weekly report, shipbroker Banchero Costa said that
Ensuring the free flow of commercial shipping France, Germany and six other EU nations have signed up in support of a naval initiative that is aimed at preventing further escalation of tensions in the Strait of Hormuz and ensuring the free flow of commercial shipping through the crucial trading lane. France’s Ministry for
Chemical tanker VALOR reportedly collided with Korean fishing vessel at around 1430 LT (UTC +9) Jan 20 off Ulsan, Korea, while en route to Ulsan. Fishing vessel with 6 crew was heavily damaged, but remained afloat and managed to reach Gampo port (north of Ulsan) under own power. VALOR anchored at Ulsan outer anchorage. Chemical
