Q4 2020 Archives - Maritime Shipping News

Diana Shipping Reports 2020 Net Loss of $134.2m on Impairment Loss

23 February 2021

Diana Shipping Inc., in their website, has reported the financial Results for the fourth quarter of the previous year.

Net loss of $7.4 million!

The company incurred a net loss of $7.4 million and net loss attributed to common stockholders of $8.9 million for the fourth quarter of 2020, including a $1.9 million impairment loss.

This compares to a net loss of $14.0 million and net loss attributed to common stockholders of $15.4 million reported in the fourth quarter of 2019, including a $6.5...

https://mfame.guru/diana-shipping-reports-2020-net-loss-of-134-2m-on-impairment-loss/

Increment Of Container-Ship Orders Does Not Bode Well For Future Freight Rates

13 January 2021

Q4 2020 container-ship orders were the highest since Q3 2015, reports Freight Waves.

A jump in newbuilding orders

In virtually any ocean shipping market, a big jump in newbuilding orders is a headwind for future freight rates. More capacity spread among competing owners strengthens the negotiating hand of cargo shippers.

According to Alphaliner, container-ship orders spiked in Q4 2020. Orders totaled to 673,500 twenty-foot equivalent units (TEUs), the highest quarterly tally since Q3 2015.

That’s...

https://mfame.guru/increment-of-container-ship-orders-does-not-bode-well-for-future-freight-rates/

Tight Container Ship Market Sees Hike in Rates in 2021

30 December 2020

Spot freight and timecharter rates hit levels not experienced in more than 10 years in Q4 2020.
It is propelled by a tight container ship market, shortage of equipment and ramp-up in restocking demand and consumer spending.
Operators would like to see those rates last into the new year.
While prudent ordering will most likely continue in the container ship sector, LNG-fuelled tonnage will continue to grow.

According to a recent news article published in Riviera, container shipping in 2021 is...

https://mfame.guru/tight-container-ship-market-sees-hike-in-rates-in-2021/