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Cosco booked huge loss in 2016

Chinese container carrier China Cosco Shipping Holdings booked a billion dollar loss on the bottom line in 2016. The carrier expects better conditions for container carriers this year than last year, writes Reuters.

Photo: Foto: Cosco Dalian Shipyard

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Gary Vogel has transformed Eagle Bulk

Eagle Bulk Shipping has undergone a transformation from a tonnage supplier to being an owner-operator under the leadership of Gary Vogel, who arrived from Clipper two and a half years ago. The first part of this transformation will soon be complete, he tells ShippingWatch.

Russian carrier tops ranking of reefer operators

The average reefer container rate has quadrupled after reaching a low point 1-2 years ago, confirms a new analysis from Dynamar, which notes that a Russian carrier finished first among the specialized reefer operators ahead of Seatrade.

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