Topic: China

Decline in charter rates doubles in pace

The decline in charter rates for multipurpose vessels is accelerating. The average charter rate for a 12,500 dwt multipurpose vessel currently stands at USD 6,863, 5% lower than in March 2020.  Charter rates are falling as...Read more
|Comment|author: Tobias Pieffers

FESCO moves nuclear submarine parts

PRESS RELEASE – Under a state contract, FESCO has moved nine multisectional blocks of nuclear-powered submarines and a tanker from Kamchatka Territory to a decommissioning site in Primorye Territory. FESCO provided the full range of logistics services...Read more
|Comment|author: Tobias Pieffers

Confidence in shipping drops due to trade war

PRESS RELEASE – Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from maritime consultant BDO. Yet...Read more
|Comment|author: Tobias Pieffers