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According to an article published by OceanHub, on April 2, Subsea Industries won the Arctic Innovation Award 2019 for its Ecospeed non-toxic hull coating. Most innovative technology The winner of the award was announced at the Arctic Shipping Forum held at...
Since the Panama Canal’s larger ‘Neopanamax’ locks debuted in June 2016, the spotlight has shone on container ships and carriers of liquefied natural gas and liquefied petroleum gas. There has been relatively little focus on dry bulk, even though...
ABB’s situational awareness solution, ABB Ability™ Marine Pilot Vision, will allow MS Finlandia to enhance safety during maneuvering and docking, says a press release published on their website. The installation team ABB and Eckerö Line teams will install ABB Ability™ Marine...
x While the Q4 rally was enjoyed by all classes of tankers, including those from the product tanker segment, one particular crude carrying class has had been impacted by the anticipated seasonal slowdown in a more acute manner than their...
According to a report by Freight Investor Services, after being depressed for a long time, the recovery for freight rates appeared not to be wishful thinking anymore. Signs of recovery The sign of freight recovery has first taken root in the...
The First quarter 2019 proved to be an unusual and largely resilient one for the large crude tanker sector. Despite demand reduction and increase in supply – the “level” or freight rates in VLCC terms were resilient posting...
In a major development, Global Ship Lease (NYSE: GSL), a company that leases out mid-sized and smaller container ships, has reported improved earnings in its first full quarter since completing a transformative merger with Poseidon Containers, writes Freight Waves's...
Belships ASA has agreed to acquire the 55,866 dwt bulk carrier M/V Sephora from Prospero Marine Ltd, a company controlled by Greek shipowner Elias Kulukundis, says an article published in Dry Cargo International. MV Sephora MV Sephora was built by Kawasaki...
Two key indicators of vessel finance – securities sales by U.S.-listed ship owners and global marine syndicated loan activity are both flashing red. U.S.-listed ship owners grossed only $650 million from sales of common shares in 2018, just...
According to an article by Street Insider, DryShips Inc., a diversified owner, and operator of ocean-going cargo vessels, today announced that it has agreed to acquire from an entity. Fair market value It is deemed to be beneficially owned by the...

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