Topic: Manufacturing

Decline in charter rates doubles in pace

Charter ratesThe 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: Adnan Bajic

Tadano completes USD 215 million takeover of Demag

Tadano has completed the takeover of mobile crane builder Demag after obtaining regulatory approvals in all relevant countries. The company bought Demag from US-based Terex Corporation for USD 215 million.  In a letter to his customers,...Read more
|Comment|author: Adnan Bajic