Expectations should not be set too high for a dry market recovery, says Bimco
Meanwhile, the capesize spot market continues to surge, with big rate increases seen on major benchmark routes on Thursday
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Hornbeck looking to take possession of two under-construction ships
Hornbeck said it found 1,500 deficiencies on the two ships, as delivery was delayed multiple times
Goodbye contango, hello backwardation for tanker market
Evercore’s Jonathan Chappell tells what rate a VLCC owner would need to accept for a contango play, and it’s not good
Tidewater activist moves to shoot down rights plan, pushes consolidation
Activist investor Bob Robotti wants two shareholder-appointed board seats if the company is to go ahead with a tax benefit preservation plan
Diana Shipping fixes another capesize to Koch Shipping
New York-listed owner has all but two ships on fixtures
Pyxis first quarter loss narrows as confidence grows
Pyxis posted a $1.2m loss in the first quarter
Eisbeinessen postponed until 2021 amid coronavirus and alcohol ban fears
Another major European shipping event bites the dust
PSA could see box volumes decline by up to 12% in 2020
But Moody’s says Singapore terminal operator’s “excellent liquidity profile” will help tide over this year’s capex needs
Tanker shares slide after downgrade, rate decline
The Baltic Dirty Tanker Index fell, oil prices rose and a number of owners downgraded