Ullman: The Tanker Boom Is Now With Us

The long-awaited recovery of the tanker market finally materialized at the end of 2019, across all market segments, according to the CEO of Concordia Maritime, Kim Ullman. Announcing the company’s quarterly results, Ullman said that 2019 started with a weak market which took a further tumble as the year progressed before making a sharp upturn…

xChange: Empty Containers Piling Up In Shanghai

Empty containers are piling up in Shanghai, the world’s biggest port, according to the data from xChange, a Germany-based startup focusing on the repositioning of containers. “The Container Availability Index shows relatively high values for 40 High Cube containers (0.58), 40 Dry Cargo containers (0.46) and 20 Dry Cargo containers (0.62),” xChange said commenting on the impact of…

EUR 250 Mn Fund for Dutch Shipping Launched

Dutch shipowners will now be able to benefit from a newly-inaugurated EUR 250 million (USD 275.5 million) fund, the NesecShipping Debt Fund. The fund provides mortgage-backed loans for short-sea vessels, and it is partly backed by the Dutch state. It has attracted interest from institutional investors such as the Nederlandse Waterschapsbank, the Province of Groningen…