Shipping Money Makes The World Go Round…
The vast majority of the world’s trade in goods is moved by sea, and it has long been recognised how shipping is a critical...
Newbuilding Market Picks Up as Tankers Steal the Show
Shipowners and other market players appear to be loading up on newbuildings. In its latest weekly report, Allied Shipbroking said that “we still seem...
Wealthy Kingdom in the Gulf Diplomatic Storm
Key facts about Qatar: Wealthy kingdom in the Gulf diplomatic storm
Several Middle Eastern countries, including Saudi Arabia, Egypt and the United Arab Emirates, on...
Challenges Faced by Five German Shipping Banks
The five biggest German shipping banks face towering difficulties as the scope of their non-performing loans to ships is growing, notes rating bureau Moody's...
Baltic Dry Index Turns Higher After Long Losing Streak
The Baltic Dry Index turned higher on Wednesday after weeks of losses as the physical markets for BDI component ships finally found some stable...
Why Printers Add Secret Tracking Dots?
On 3 June, FBI agents arrived at the house of government contractor Reality Leigh Winner in Augusta, Georgia. They had spent the last two...
Big Advantages Claimed for First Rectangular Scrubber
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have jointly developed a large-scale rectangular marine scrubber that efficiently removes sulfur...
Advisory for Indian Nationals in Qatar
On 5th June 2017, Saudi Arabia, UAE, Bahrain and Egypt announced that they were cutting diplomatic relations with the State of Qatar, along with...
Plug and Play Fleet Performance Monitoring
NAPA, a world leading maritime software, services and data analysis provider, recently launched a new concept of ship performance monitoring. The new web service,...
Qatar Blockade May Boost Aframax and Suezmax Demand
The Saudi-led blockade against Qatar has raised concerns about multi-port loadings of Doha’s crude oil grades on very large crude carriers, with charterer interest...
Shell Launches Next Generation Trunk Piston Engine Oils
Shell Marine has unveiled next generation Shell Argina and Shell Gadinia trunk piston oils for the medium-speed engine market, confirming the success of a...
Ship Leaking Methane is Evacuated in San Pedro
A 40-foot tank being loaded onto a ship developed a small methane leak Wednesday in San Pedro, prompting evacuation of the ship.
What happened?
The incident...
Tons of Heroin Seized on Board Ship
Turkish police and coast guards have seized more than a ton of heroin in a raid on a Congo-flagged ship in international waters.
What happened?
Anadolu...
Greek Ship Owners Clash with Schäuble Over Taxation
The inability of German maritime policy to successfully support its domestic shipping industry is the motivation behind Wolfgang Schäuble’s pressure on the Greek government...
Weekly Vessel Valuations Report, June 06 2017
Tanker:
Tanker values have remained stable this week.
The VLCC Irene SL (319,200 DWT, Oct 2004, Hyundai Samho HI) sold to Sinokor Merchant Marine for USD...
Dry Bulk Ships: To Buy or Not to Buy?
The dry bulk market had a great run from the fall of the last year until March this year when the BDI reached 1,338...
Baltic Sea Campaign: Germany Announces New Patrol Ship
The Baltic Sea harbor porpoise is listed by the IUCN (International Union for Conservation of Nature) as “critically endangered”, with a population estimated to...
Pressurised Fuel Oil Leak Causes Fire in Ship Engine
Summary:
On 27 April 2016, at about 13:30, the staff chief engineer heard one of the crew members shouting in the engine-room. He made his...
Oil Shipping Bears Brunt of Qatar Diplomatic Crisis
In the aftermath of the UAE and Bahrain's decision to cut diplomatic ties with Qatar, their respective port authorities have issued restrictions on movement...
Panama Ship Registry Shifts New York Office to Miami
The Panama Ship Registry is moving its New York Technical Documentation Office of Ships Segumar office that oversees all technical queries and responds to...
