There will be more consolidation in the ship management sector as company founders decide on their future and mid-sized managers come under pressure, says Anglo-Eastern ceo Bjorn Hojgaard in a recent interview with Seatrade Maritime News.
Why private equity?
Hojgaard, chief...
In a major development, the prominent Turkish ship owners Advantage Tankers & Advantage have selected Alfa Laval PureBallast 3 for ballast water treatment throughout their combined fleet, says a press release by Alfa Laval.The recently signed fleet agreement covers...
Some of the eye-catching features on board Celebrity Edge, one of the most eagerly-awaited cruise ships for many years, will be distinguishable by their inclusion of high quality decking from Bolidt Synthetic Products and Systems.
Maiden cruise with Magic Carpet
The...
In a major development, TMS Cardiff Gas announced that has signed additional contracts with Hyundai Heavy Industries (HHI) & Samsung Heavy Industries (SHI) of Korea for the construction of 174,000 cubic meter LNG carriers with XDF propulsion, reports Globe...
In a recent development, Ship Finance International Limited announced that it has entered into lease financing agreements totaling $270 million with an Asian-based institution to finance three 10,600 TEU container vessels acquired in 2018, says a press release published on...
VLCC
Middle East Gulf rates shed 11 points to WS 85/86 for 270,000mt to China, with South Korea fixed at WS 84. Going west, 280,000mt to the US Gulf went at WS 38, but is now assessed at WS 36.5/37...
The World Fuel Services (WFS) has announced the new United States based physical bunker supply operation.
Bunker Supply Operation
The bunker operations will commence in mid-January and WFS will be operational in the Columbia River, servicing Portland (OR), Vancouver (WA), Kalama (WA),...
In the relevant papers, the authors examined the factors impacting the development of the LNG bunker fuel market, forecasted the growth of this market, determined the prospective subsectors for its usage, assessed the current state of LNG bunkering infrastructure...
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers, says an article in DryBulk.The...
Report HighlightsTranspacific ocean freight peak season has been a bonanza, with prices still more than double last year. However, carriers cancelled the 1 December General Rate Increase (GRI), doubting if the demand would stay up. This week, West Coast...
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