BIMCO Projects Market Balance Deterioration in Its Dry Bulk Shipping Analysis
Rates may have climbed out of the abyss, but challenges remain in place for the autumn, says Peter Sand in his BIMCO Newsletter article...
Standard Club Releases Circular Stating 2020 Policy Renewal & Financial Position
In a letter issued on October 22nd, 2019 the Standard Club made the members aware of the 2020 Policy Renewal, Financial Positions and Open...
MSC Gets Approval To Buy 49% Messina Stake
According to a recent Ship Technology article, Swiss shipping firm Mediterranean Shipping Company (MSC) has secured approval from the Italian Competition Authority (AGCM) to...
Baltic Dry Index Falls Due To Sluggish Capesize Market
According to an article published in Freight Investor Services, Baltic Dry Index (BDI) dropped to a two-week low from a slow Capesize market.
Drop in...
Ocean Carriers Optimistic of Increased Rates As November Dawns
There was a small 2.4% gain this week for the North European market, to $594 per teu.
Carriers are still scrambling to fill...
Class NK Issues 2020 0.5% Sulphur Fuel Guidance for Ship Crews
In a major development, Leading Classification Society ClassNK has released its “Booklet for ship crew members: Precautions concerning change-over to 0.50% sulphur compliant fuel...
Maersk Collaborating With Industry Heavyweights To Test Zero Carbon Fuels
According to a Loadstar article, Maersk is teaming up with industry peers and customers in its quest to find a zero-carbon fuel to power...
Euronav Readies Tanker for 2020
Leading Belgian tanker operator Euronav has started preparations to supply IMO 2020 compliant VLSFO bunkers to its vessels, reports Reuters.
Tougher regulations
Ship owners must cut...
SK Energy Charters Supertanker For Record $10 Million!
According to an article published in Reuters, South Korea’s top refiner SK Energy chartered a supertanker to ship U.S. crude to South Korea for...
Mitsui Delivers 66,000 DWT Type Bulk Carrier ‘M/V Tomaros’
Mitsui E & S Shipbuilding Co., Ltd has completed and delivered a 66,000 dwt type bulk carrier at its Tamano Shipyard, says a press...
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