Korea Line Corp, a part of SM Group, has recently sold a total of ten ships this year, including supramax bulkers and capesizes, with a reported deal worth up to $50m for four 2010-built sister vessels. The Seoul-based company has been actively offloading tonnage since May, notably selling four modern VLCCs earlier this year, indicating a shift in focus away from the supramax segment. This move comes as part of Korea Line’s strategy to reshape its fleet composition and focus on specific vessel types.
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US stock markets expected to recover after Trump drops tariffs on mobiles
US stock markets are poised for a recovery following Donald Trump’s decision to exempt imports of smartphones and laptops from tariffs, a move seen as a concession. This exemption, which also includes chips, is expected to significantly benefit companies like Apple and Nvidia, with their shares predicted to rise as tariffs on their products will be lifted for 90 days. The announcement, made late on Friday, is anticipated to provide a boost to the tech...
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