This will be our last blog post on the coronavirus, at least for now.
But TradeWinds reporters continue to cover the industry impact of the Covid-19 pandemic at tradewindsnews.com.
This will be our last blog post on the coronavirus, at least for now.
But TradeWinds reporters continue to cover the industry impact of the Covid-19 pandemic at tradewindsnews.com.
The coronavirus pandemic could not have hit at a worst time for Greek ferry companies.
Just as they were crossing to profits after years of losses and had begun spending heavily to adjust to new bunker rules, Covid-19 pulled the rug from under their feet.
Royal Caribbean Group continues to operate at a significant loss amid the coronavirus pandemic, seeing its second consecutive quarter with a deficit beyond $1bn.
The Richard Fain-led owner of 62 ships on Monday posted a $1.64bn loss for the second quarter, compared to a $473m profit for the same period last year.
Clarksons reported a strong first-half result thanks to strong performance of its shipbroking and research divisions despite having its operations disrupted by the coronavirus pandemic.
The London-listed company, one of the world’s largest shipping service providers, recorded a net profit of £15.4m ($20.1m) for the period ending in June.That compares with £14m during the same period of last year.
Singapore shipbuilder Penguin International said Covid-19 had taken a toll on its first first half result.
The company said demand for vessels and decline dramatically, but that no orders had been cancelled. Read the full story.
Seafarers on three ships at berth in Australia are refusing to sail and demanding to be sent home as the worsening crew crisis leads to industrial action.
According to unions, the strike action is being taken by crew on the NSB Group-controlled 6,078-teu containership Conti Stockholm (built 2000) at Freemantle and the Cargill-chartered 35,000-dwt bulk carrier Ben Rinnes (built 2015) at the port of Geelong, Victoria.
Norwegian Cruise Line Holdings expects to hold onto all 28 ships within its relatively young fleet despite the unprecedented challenges brought on by the coronavirus pandemic.
Only six of them across the New York-listed company's three brands were built as early as the late 1990s. The rest were delivered in the 2000s, some as late as this year.
The coronavirus pandemic has apparently hurt the quality of very low sulphur fuel oil while helping avert a supply crunch, bunker experts have suggested.
Veritas Petroleum Services data has revealed a deterioration in fuel quality, with the percentage of off-specification samples rising to 5.5% in June from 4% in April.
Europe was the worst-performing region: 13.5% of test samples there did not meet required standards in June.
Norwegian Cruise Line Holdings' bottom line remains on the red side of the ledger as the cruise major keeps its fleet idle during the debilitating coronavirus pandemic.
The Frank Del Rio-led owner of 28 ships posted a $715m deficit for the second quarter, compared to a $240m profit during the same period last year.
US-listed EuroDry said on Thursday that it is in talks with lenders to push back loan payments due this year.
The move emerged as the Greek company reported the worst financial results since its inception as a pure-play dry bulk company two years ago.