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International Charter Market and Bad Summer Affect Hellenic Coastal Shipping
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.
Newbuilding Orders Focus on LNG, LPG and Tanker Markets
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
Eight nations back EU naval patrol in Strait of Hormuz
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
Greek tanker collided with fishing vessel off Ulsan, Japan sea
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