Globus Maritime buys bulker duo from chairman George Feidakis
Related-party deal allows New York-listed shipowner to use cash to purchase kamsarmaxes
Crude tanker newbuilding deliveries stretch out beyond three years as owners turn to China
Tight yard space is making companies wait ever longer for new ships just as newbuilding appetite returns
Shipping and the Macro Environment
Shipping demand will be shaped by the macroeconomic environment as well, in the coming weeks and months, with monetary easing…
Samsung Heavy Industries cashes in on LNG carrier and production unit orders
Shipbuilder is at 57% of its orderbook target as of end-September
Fed’s Hammack: Work to bring inflation to target not complete
Federal Reserve Bank of Cleveland President Beth Hammack said Thursday inflation pressures have been easing but still have yet to…
New Warnings of Piracy Activity in Indian Ocean and Singapore Strait
Despite the numerous reports that crime against seafarers has fallen dramatically, fresh warnings have gone out this week to vessels…
Eurozone PMI remains in contraction territory as ECB considers pace of rate cuts
The eurozone PMI has been on the decline since June, causing doubts about an already frail economic recovery from the…
US weekly jobless claims fall; continuing claims hit highest level in three years
New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was…
India’s business activity grows at faster clip in Oct, PMI shows
Growth in India’s business activity picked up slightly in October after softening last month, led by stronger demand in the…
Widening U.S. fiscal deficit a growing worry, says Scope Ratings
A widening U.S. fiscal deficit is a growing concern and the threat of recurrent debt-ceiling standoffs and associated risk of…