Older VLCCs lead price recovery

Prices for older secondhand vessels in the VLCC market are rising faster than for younger ones, while newbuildings are unlikely to see any increase in the near future, according to shipping analysts at DNB Markets in Oslo.
The price of a five-year-old VLCC had risen to USD84 million, while a

MOL sets up barge terminal in Bangkok

Japan’s Mitsui OSK Lines (MOL) is setting up a barge terminal operation company in Bangkok aimed at moving goods more speedily and efficiently, it announced today (28 July).
Bangkok Barge Terminal Company will be a joint venture with local Thai company SahaThai Terminal and is due to start