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Keep checking here for the latest in Shipping & Logistics

UK Budget Deficit Narrows In May

The British budget deficit reached the lowest for the month of May since 2007, figures from the Office for National Statistics showed Wednesday. Public sector net borrowing excluding public sector...

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Clarksons: Shipowners Favor VLCCs

With contracting this year only slightly less subdued than in 2016, there has been a welcome influx of activity in the very large crude carrier (VLCC) sector, Clarksons Research informed. In the...

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Pangaea Buys Second-Hand Supramax

US-based Pangaea Logistics Solutions has sold one of its existing vessels, Bulk Beothuk, to a third party for USD 7 million cash, and has bareboat chartered the vessel back into its...

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VLCC Orders Ruling The Roost

With contracting this year only slightly less subdued than in 2016, there has been a welcome influx of activity in the VLCC sector, which accounts for 52% of global year...

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Shipping confidence hits three-year high

Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017. The average confidence level expressed by respondents to the survey was...

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