Remarkable Rise in Panamax Rates Since March
Panamax rates rose 3.4% in June, marking their largest increase since March 21st.
Supramax rates rose today by 1.3%, which marks their largest increase since April 24th.
June saw Chinese steel prices had...
Abundance of VLCCs Keep Market Rates Flat
The Atlantic lacked ‘steam’ both ex West Africa and the Americas, with considerable activity in the US Gulf.
Suezmaxes saw a week of healthy activity in the Western Mediterranean and West Africa, following a...
No Scrubber Equipped VLCC Then No Deal
In a major development, India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in their first tender to hire an oil tanker with scrubbers that...
[Watch] Iridium Can Be the Backbone of Digital Ships
Iridium Communications Inc. the US-based satellite communications company and its partner Lars Thrane, unveiled their first terminal designed to operate on the Iridium network for Global Maritime Distress and Safety System (GMDSS) vessel carriage...
SHI Delivers World’s Largest Containership To MSC
Samsung Heavy Industries delivers world’s largest container ship to MSC, reports Baird Maritime.
World’s largest container ship
Samsung Heavy Industries delivered the largest container ship to the Swiss Mediterranean Shipping Company (MSC). The vessel named Gülsün...
Container Ship Collides With Berthed Greek Bulk Carrier in the Yangtze River
Container Ship YU HANG 18 went out of control while passing Zhenjiang, Yangtze River, upstream from Shanghai and collided with berthed bulk carrier ODIGITRIA, reports ARX Maritime.
What happened?
Chinese Container Ship, YU HANG 18 collided...
Weekly Maritime Security Report – Week 24, 2019
Protection Vessel International has released the Maritime Security Report for Week 24 of 2019. The report formulated on 3rd July 2019 highlights the various security breaches that have happened over the past week.
Brazil: Authorities seize...
Hamburg Süd and Maersk Strengthen Portfolio
Hamburg Süd will be expanding and enhancing the services it offers on this core trade beginning in June 2019 in collaboration with Maersk.
The service will have maximum flexibility for tailor-made solutions due to...
Langh Tech Scrubber Delivery To Chios Navigation’s Tanker
Langh Tech has successfully delivered a scrubber system to the Chios Navigation, a medium range product tanker.
The system consists of a U-type multi-inlet 5 flue gas sources Open Loop hybrid ready configuration...
Asian Fuel Oil Premiums Surge As Global Sulfur Shift Looms
The premium for 380-centistoke (cst) high-sulfur fuel oil rose to $11.63 a ton above Singapore benchmark prices.
It is attributed to a combination of factors such as companies reducing their holdings of high-sulfur...