Kang Duk-Soo, chairman of STX group has announced on June 2 that he is determined to do his best to stabilize the Korean-owned company through maintaining a system of holding company. Kang said, "As the STX's current group structure, holding company is vital for not only rapid normalization of management but also efficient restructuring," and added, "I will dedicate my best effort to stabilize the management with keeping the holding company system." Moreover, he also mentioned that he wi...

It has been another active week and generally speaking it is the same selection of buyers chasing after the limited number of ships that are currently available. Competition for modern panamax and supramax tonnage remains stiff and as such, decisive action is required early on in order to successfully acquire ships at the moment. Greek buying interest remains strong and indeed they are reported to be behind the majority of the deals we can report this week. We understand that the Economou-co...

Policymakers have significant impact on the economy and the dry bulk shipping industry. Thus, understanding what policymakers may do is an important part of investing. One such branch of tools that policymakers can use to direct economic growth is called monetary policy. Monetary policy engages in the practice of altering the availability of money circulating in the economy, which also affects interest rates. When more money is available and interest rates fall, banks can make more loans and p...

A new resolution on energy-efficiency regulation of ships was adopted at the 65th session of the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO), held from May 13 to 17 in London. At the MEPC65, a MEPC Resolution was newly adopted on ‘Promotion of Technical Co-operation and Transfer of Technology’ to improve energy efficiency of ships and the committee decided to reform the estimate of greenhouse gas (GHG) emissions for international shipping i...