“Global energy demand will not return to pre-corona level until 2025”
Due to a slow economic recovery from the corona pandemic, the full recovery in global energy demand likely won’t be back on track until 2025, warns the International Energy Agency (IEA). Read more
Charter rates continue upward trend
ShippingThe charter rates for multipurpose vessels continue to crawl back up from the low levels of June and July this year. Toepfer’s Multipurpose Shipping Index for October shows an increase of 70 dollars to an...Read more
Drewry: charter rates won’t recover until end of 2021
Shipping outlookCharter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read more
Wagenborg nearly quadrupled its profit in 2019
ShippingRoyal Wagenborg significantly improved its profit last year. The company’s operating result more than doubled from 27 to 71 million euros, while the net profit jumped from 13 to 44 million euros. This year the...Read more