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Daily Briefing May 15 2020

Daily Briefing May 15 2020 Free to read: Euronav insists on long-term commitment to public market | Tanker downturn likely as floating storage reaches peak…         Free to read: Euronav insists on long-term commitment to public market | Tanker downturn likely as floating storage reaches peak…         https://lloydslist.maritimeintelligence.informa.com/LL1131989/Daily-Briefing-May-15-202015th May 20203:03 am

Euronav chief committed to public equity markets

Euronav chief committed to public equity markets Euronav chief executive rejects any suggestion of going into private ownership and says the company’s dividend policy is part of…        Related Stories US alerts shipping to illegal ‘sanctions evasion practices’ Diana ready to ‘play defence’ as dry bulk market tips into uncharted territory Yang Ming underscores state…

Diana ready to ‘play defence’ as dry bulk market tips into uncharted territory

Diana ready to ‘play defence’ as dry bulk market tips into uncharted territory Options include selling more ships, say executives, pointedly playing down any prospects of a recovery in six months’ time         Related Stories US alerts shipping to illegal ‘sanctions evasion practices’ Euronav chief committed to public equity markets Yang Ming underscores state backing…

Daily Briefing May 14 2020

Daily Briefing May 14 2020 Free to read: Skou confident carriers can maintain capacity discipline | Maersk warns of looming sharp drop in container volumes…         Free to read: Skou confident carriers can maintain capacity discipline | Maersk warns of looming sharp drop in container volumes…         https://lloydslist.maritimeintelligence.informa.com/LL1131988/Daily-Briefing-May-14-202014th May 20203:03 am

Capesize market plunges to lowest in four years

Capesize market plunges to lowest in four years The Baltic Capesize Index moves back into negative territory after being above zero for only six weeks        Related Stories Opec forecasts deeper drop in demand ahead of rebalancing Skou confident carriers can maintain capacity discipline SembMarine cuts yard workforce by 96%   The Baltic Capesize Index…

Are box lines finally becoming price setters?

Are box lines finally becoming price setters? Price wars have been a feature of container shipping for decades as market share took precedence over profits, but as…        Related Stories Banks can do more to mitigate exposure to oil cycles Post-crisis consolidation targets are not where you think Tightening bank credit to hold back oil…