The Economics of a 36 Year Old Containership
A small containership of 36 years of age which was operating for one of the world's biggest operators and competing with the mightiest containerships...
Norway to Supply Australia’s First Floating LNG Import Ship
New LNG regasification ship planned at Port Kembla
Imports LNG, regasifies and pumps it into pipelines
Capable of powering 2 million homes for...
Maersk and IBM Introduce TradeLens Blockchain Shipping Solution
What is TradeLens?
The TradeLens is a venture jointly developed by the two companies to apply blockchain to the world’s global supply chain. TradeLens is...
Tanker Report – Week 33
VLCC
Very little change as rates remained around WS 51/52 level. New Harvest fixed the New Naxos basis 270,000mt AG/China for end of August at...
Where are We Going with these Megaships?
The container vessel sizes have been on a steady rise and many carriers are competing to build large ships to accommodate more cargo.
What...
SHELL to Time Charter Dynamic Positioning AET Shuttle Tanker
The AET has formally announced its first contract with SHELL to time charter its new-build dynamic positioning (IMO Class 2) shuttle tanker (DPST) in...
Shell Ships ‘Slurry Oil’ in Unusual Arbitrage Move
In an unusual mover, Shell International Eastern Trading Company (SIETCO) has chartered a tanker to ship up to 80,000 tonnes of slurry oil from...
Maersk Warns on Impact of Trade War
Maersk shipping chief has announced that tariffs could slow global annual trade growth by 0.1 to 0.3 per cent, but in US it declined...
[Watch] Drone Footage of Shipwreck in Qawra
A vessel ran aground at Qawra as a result of the rough seas. The Hephaestus, a 60-metre Togo-registered tanker broke its moorings near the...
[Watch] Ship Air Emissions – Main Challenges, Policies and Industry Developments
IMarEST TV recording of the 10 May 2018 technical lecture presented to the IMarEST UAE Branch in Dubai by Dr Stefanos Chatzinikolaou, Senior Manager...
Underwater Repairs to Prevent Dry-dockings
Wärtsilä’s divers are helping operators to avoid unplanned dry-dockings by completing repairs such as propulsion overhaul, hull cleaning and propeller polishing underwater.
The retrofitting of...
[Watch] The Way Big Ships are Launched Looks Completely Insane
Getting a new ship into the water is, presumably, the most important part of building a seafaring vessel.
Not all ships are created equal...
Bulk Report – Week 33
Capesize
A week of largely unfulfilled expectations with holidays is again curbing activity. Rates remained essentially healthy, but despite bad weather in China, possibly causing...
Greece Saves the Euro
Greece completes ESM’s €61.9bn (£55bn; $70.8bn) bailout programme.
The economy has grown slowly in the past 3 years and is 25% smaller than...
Gulf Navigation Vessels are 2020 Ready
Gulf Navigation holding has entered two of its petrochemical tankers into the dry dock for the mandatory five-year maintenance. This includes major upgrades to...
Maersk to Spin Off Drilling Business
On August 17, the Danish shipping giant A.P. Moller-Maersk confirmed that it would spin off its offshore drilling operation and list the unit in...
42 Greek Vessels Goes for Bilfinger Scrubbers
The industrial service provider Bilfinger is planning to conquer new markets due to its scrubber technology.
Secured several contacts
The service provider group has secured several...
British Woman Overboard! Spent Ten Hours in the Sea
On August 19, a British woman was rescued from sea after she fell off a cruise ship. The woman had been struggling for ten...
Tanker Feared to be Hijacked
On August 13, a tanker was reported missing in the Gulf of Guinea and efforts on contacting the vessel went in vain.
What happened?
The...
Dynamics of WS Flat Rates and WS Spot Rates on Tonnage...
Weekly Tanker Market Report
The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry. The task gets...
