In the latest newsletter from Alphabulk, the analyst agency has looked into how different types of dry bulk vessels have changed in size since 1990. Two vessel types in particular stand out from the crowd.
Police in South Korea have raided Polaris Shipping's offices in Seoul and Busan. Investigators are hoping to find new information concerning the cause of the tragic accident in April in which the carrier's vessel, Stellar Daisy, sank in the South Atlantic.
The Greek dry bulk carrier exits the first half of the year with a net loss of USD 50.3 million, following a new deficit for the second quarter. Despite a low risk profile, JP Morgan voices concerns about growing credits to sister company.
The first six months of 2017 saw a rise in orders for new tanker and dry bulk vessels compared to the first half of 2016. For one segment, no newbuild orders have been placed so far this year, show new numbers from VesselsValue.
Following a USD 90 million deficit in 2016, the former Viking Supply Ships CEO Christian W. Berg will play a key part in turning developments around at Norwegian GC Rieber Shipping. ShippingWatch has interviewed Chairman Paul-Chr. Rieber about the opportunities facing the carrier.
Container carrier Orient Overseas Container Lines (OOCL), which is on track to be sold to Cosco, can look back on a second quarter with a significant boost in revenue. Stronger rates indicate an overall positive result for the container sector in the second quarter, says Fearnleys.