Maersk Launches New Visibility Tool ‘Captain Peter’
Maersk has launched its new visibility tool, Captain Peter, as part of its revamped Remote Container Management (RCM) platform, says an article published in Container Management.
Aim of Avatar
The avatar aims to reduce some of...
Boomsma Shipping Inks Scrubber Deal With Value Maritime
The Netherlands-based company Boomsma Shipping signs contract for first scrubber for their fleet with an option for two more, says an article published in Value Maritime website.
Scrubber Contract signed
Boomsma Shipping has taken the step...
Performance Shipping Acquires Tanker and US$11.0 Million!
Performance Shipping Inc., a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire from a related party all of the issued and outstanding...
Chinese Wind Power Company To Construct $1Bn LNG Terminal
According to an article published in Safety4sea, Chinese Suntien Green Energy Co. Ltd, a wind power producer and piped gas distributor, plans to develop a $1 billion liquefied natural gas (LNG) receiving terminal in...
Ship Operating Costs on the Rise Due To R&M and Insurance Claims
According to a report published in Drewry, underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend.
Cost expected to increase
Looking ahead costs are expected to continue rising...
Why Scrubber Discharges are Banned in Ports?
Operators that have invested in open loop scrubbers have announced that they are restricting or completely banning ships.
They have banned ships that use fuel cleaning systems that pump waste water into the...
[Answer] Do You Know What Plimsoll Lines on Ships Indicate?
Have you ever wondered what Plimsoll lines are? And why are they called Plimsoll? Professionals across the shipping industry may be familiar with the term, but even those not working in the industry, but...
Intra-Asia Trades Witness Wavering Freight Rates and Faltering Profits
Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers, reports the Loadstar.
Annual drop in freight rates
Charlie Chu, executive vice president of Thai-based intra-Asia...
Global Trade Conundrum Hinders Transpacific Spot Rates
Container spot rates across the board fell this week, according to the reading of the Shanghai Containerized Freight Index (SCFI) on Nov 15, reports the Loadstar.
Overall, the index shed 4.8% as all but a...
Weekly Tanker Report – Week 49, 2019
The Baltic Briefing has issued the tanker report for the 49th week of this year. The report dated 06th December 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter...