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...Fleet sizes have not kept up with the rapid shift in trade patterns, notes Erik Grundt of Rystad Energy. New vessels joining the fleet this year are at a 20-year low....
...More recently, US food company Cargill announced plans to install two folding sails on the deck of a bulk carrier, built by Mitsubishi in 2017 and chartered by Cargill....
...“CEOs at airlines, cruise and hotel companies aged 10 years during two years of pandemic,” said Erik Gordon, a professor at University of Michigan’s business school....
...Some carriers went bust and the world’s top shipping lines formed three alliances, sharing space on voyages. Now, the world’s leading nine carriers control 83 per cent of tonnage....
...In Norway, aviation veteran Erik Braathen is building a new low-cost airline, Flyr, with plans to start flying six domestic routes in June....
...Letter in response to this article: Dutch give French a taste of their own medicine / From Erik Petermeijer, London, UK...
...The average cost of chartering a very large crude carrier, capable of holding at least 2m barrels of oil, has jumped to $85,000 a day, up more than 150 per cent on this time a week ago, according to ship...
...significantly traffic to our Chinese and other Asian destinations may now also impact the rest of our network, with Italy being the first European country with a high number of confirmed cases,” wrote Erik...
...here Latest news The S&P 500 index opened up 0.7 per cent on Wall Street, setting it on track to register a fourth straight day of gains The US has threatened to bar Chinese airlines unless American carriers...
...“You have the trade war and then on top of it the coronavirus outbreak,” said Erik Broekhuizen, head of tanker research at Poten & Partners, a broker....
...Spot rates for sailing a very large crude carrier between the Gulf and China have tripled in the past two weeks to almost $140,000 a day on Thursday, according to Poten & Partners, a New York-based shipbroker...
..., said Erik Broekhuizen, head of tanker research and consulting at Poten & Partners, an energy broker in New York....
...Erik had previously worked at Twitter, later he won a scholarship to Oxford, where he founded the business....
...Bajaria, who joined Netflix two years ago, replaces Erik Barmack, who is leaving to start his own production company. More here....
...It is supposed to cement wireless carriers’ grip and threaten traditional broadband providers — but what if it does the opposite?...
...Erik Stavseth, analyst at Oslo-based Arctic Securities, says demand to move freight in many markets appears to be slackening....
...Erik Stavseth, analyst at Arctic Securities, highlighted how 15 per cent of exports from Asian countries excluding Japan were destined for the US....
...Erik Stavseth, an analyst at Oslo-based Arctic Securities, said rates had been at best only covering operating costs since the start of the year....
...Erik Nikolai Stavseth, an analyst at Oslo-based Arctic Securities, says it is “no wonder” owners are no longer ordering vessels....
...It also operates 18 carriers for dry bulk commodities such as coal and iron ore. The $453m net loss, struck on revenue up 52 per cent to $1.3bn, was significantly deeper than the $135m for 2010....
...Erik Nikolai Stavseth, an analyst at Oslo’s Arctic Securities, said that, with bank finance covering a typical 66 per cent of the cost of any ship order, the $1bn raised could pay for $3bn of new ships....
...However, Erik Nikolai Stavseth, analyst at Arctic Securities in Oslo, says demand to ship oil in VLCCs has recovered to the levels of early 2007, one of the strongest years in shipping’s history, even if...
...Erik Stavseth, an analyst at Oslo-based Arctic Securities, said the move avoided the significant dilution of existing Frontline shareholders’ equity that many had feared....
...Erik Nikolai Stavseth, of Oslo’s Arctic Securities, said the results were largely in line with expectations. The shares fell NKr1.63 – or 4.59 per cent – in Oslo....
...I caught up with old friends in Stockholm and Copenhagen, who gave me a welcome lunch and lots of good cheer (thanks, Mats, Becky and Erik)....
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