Dubai-based port and terminal operator DP World Limited and Eastern Canada’s Port Saint John in New Brunswick have entered a long-term lease agreement for the operation of the port’s container terminal starting from January 1, 2017....
The tanker market is once again at a crossroad, as the latest surge of oil supply, seems to be taking its toll. In its latest weekly report, shipbroker Allied Shipbroking...
The opening of the new, expanded Panama Canal locks in June has ushered in a new era for the containership sector, and is prompting significant changes in asset and deployment...
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the...
As the activities in the dry bulk shipping industry remained slow, the Greek dry bulk ship owner Diana Shipping reported a net loss of USD 31.3 million for the second quarter of...
Singapore-based container shipping company APL is planning to launch Felixstowe Express Service (FEX), a new weekly service that would connect ports in China and Europe with the UK’s Felixstowe container port. With...
During the second quarter of 2016, the Athens-based containership owner Costamare Inc. secured USD 88 million of new financing for its first two 11,000 TEU newbuildings on order as it entered into a loan agreement...
Japan’s prime minister unveiled a surprisingly large $265 billion (£202 billion) stimulus package on Wednesday to reflate the world’s third-largest economy, adding pressure on the central bank to match the...
German consumer sentiment is expected to weaken slightly in August following the U.K.’s vote to leave the European Union on June 23. GfK’s forward-looking consumer sentiment index is expected to...
Prime Minister Theresa May said she’s not wedded to any particular model for the nature of the U.K.’s trading relationship with the European Union once it’s completed a withdrawal from...
Because political campaigns can rise and fall on the health of the economy, spats often flare over the gauges used to measure growth and unemployment. The latest dust-up, raised by...
India has overtaken China as the world’s fastest-growing major economy, but its northeastern neighbor remains the biggest risk for investors in rupee assets, says Morgan Stanley Investment Management. A case in...