Drewry: Container Carriers Still Face High Risk of Failure
Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry… Read More
Trafigura Sells Five Tanker Newbuilds
Commodity trading company Trafigura Group has entered into a sale and leaseback agreements for five medium-range, eco-type newbuild tankers with China’s Bank of Communications Financial Leasing… Read More
Norwegian Joy Catches Fire at Meyer Werft
A fire broke out on the cruise ship newbuilding Norwegian Joy at Meyer Werft shipyard in Papenburg, Germany, on the morning of October 8, 2016… Read More
Royal Caribbean Orders Two Cruise Ships from Meyer Turku
Miami-based cruise line operator Royal Caribbean Cruises has placed orders for around 200,000 gross ton large cruise ships under the project name “Icon” at Finnish shipbuilder Meyer Turku… Read More
Clarksons: Shipping Industry Could Keep Its Big Break Going
Given the current conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this… Read More
World Maritime News Staff