Weekly Bulk Report – Week 35, 2020
The Baltic Briefing has released a report about the dry bulk market for the 35th week of shipping activities of this year. The report dated 28th August highlights the plight of the dry bulk...
Ship Arrest! 2 Tankers Seized
Investment bank HSBC arrested two product tankers owned by Singapore-registered Somerset Maritime over cargo claims totalling $6m, reports 247CustomsBrokerNews.
Reason for seizure
Two product tankers owned by Singapore-registered Somerset Maritime have been arrested by investment bank...
Global Ballast Water Treatment Market Potential On a Surge
Ballast water treatment involves treatment of ballast water before it is discharged out of the ship at the port or in the mid sea.
The ballast water treatment (BWT) market is expected to...
PSA Marine Joins Decarbonisation Journey With New Digital Solution
PSA Marine releases a report on August 27, 2020 in support of sustainable shipping by reducing the carbon footprint.
It joins the global movement with the use of a digital solution called Vessel...
Shippers To Go Bankrupt With Skyrocketing Container Rates
Container rates sees a gain for the transpacific and Asia-Europe tradelanes.
For example, Shanghai Containerized Freight Index (SCFI) recorded further gains for the transpacific and Asia-Europe tradelanes.
Its combined reading is up another...
Dry Bulk Market Witness a ‘Turn Over’ Amid Reclining Orders
A step back from the intense SnP market is necessary from time to time to analyze and capture how fundamentals are influencing the dry bulk sector.
The Handysize sector has the healthiest newbuilding...
‘Mauritius Disaster’ Ship Captain Faces ’60-Year Sentence’
Cargo vessel MV Wakashio ran aground a reef on July 25th, and the bow section has been sunk into the ocean.
The ship remained stranded on the reef for about 3 weeks when...
NI Launches Key Guidelines on Bulk Carrier Ops
With the support of Intercargo and vetting organisation RightShip, The UK-based Nautical Institute has responded by publishing A Guide to Bulk Carrier Operations.
This highly practical guide draws on the expertise of more...
ClassNK Launches ‘Digital Smart Ship’ Guidelines
ClassNK released its “Guidelines for Digital Smart Ship,” which stipulates the procedures for class notations for ships with advanced digital technology.
The guidelines are part of the society's new initiative, "Innovation Endorsement", aiming...
World’s Largest Shipbuilders Merge
Singapore’s antitrust watchdog approved the merger of the world’s two largest shipbuilders.
CCCS has concluded the screening process.
The authorities decided to approve the deal without conditions.
The deal will be completed when...