Category: Shipping

[ad_1] The face of global shipping may be altered and seaborne trade flows and patterns redefined in the wake of new factors such as digitalisation, e-commerce and the China’s ‘Belt and Road’ initiative which are increasingly unfolding, says a report issued by the United Nations Conference on Trade and Development (UNCTAD). “The value of shipping…

[ad_1] Genco Shipping & Trading (NYSE:GNK) is a dry bulk shipping company. Dry bulk shipping has gone through a monster bear market. This makes it an interesting place to look for value. A number of investment firms own large blocks of shares of Genco: Apollo Global Management (15.7%), Centerbridge Partners L.P. (30.4%) and Strategic Value…

[ad_1] Ardmore Shipping is to fit Optimarin ballast water treatment systems (BWTS) to 18 tankers in its fleet, noting operational problems it has had 10 “alternate” systems it has installed. A total of 36 systems will be fitted to 18 chemical and product tankers in Ardmore’s fleet with deliveries starting from February next year. The…