Capital Product Merge Tankers with Diamond S in a $1.65bn Deal
Highlights
Capital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations.
The new company hopes to be market leader in the crude and product tanker sections
The transaction is...
Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation
Imperial College Research Team and M Squared laser firm build quantum compass.
Quantum navigation more secure than GPS which is vulnerable to signal spoofing.
Quantum accelerometer relying on super cool atoms used to...
Ship Operating Costs are Expected to Rise Further
Operating costs increased in 2018 and it's likely to affect the rest of the year.
Drewry's daily operating cost increased by 1.1%.
The opex costs which influences insurance premiums contracted 9% in 2015-16.
...
Hapag-Lloyd Belatedly Joined the Scrubber Rush
Hapag-Lloyd jumps on the scrubber band wagon before they ‘sell out’.
The first retrofitting started with the 13,177 TEU Hamburg Express vessel and a further 9 such vessel retrofitting are on the pipeline...
Maersk Looking for 10 Feeder Containerships
Maersk appears to be planning to grow its feeder boxship fleet.
Newbuilding discussion
Maersk is believed to be at an “advanced stage” of newbuilding discussions with China’s Jiangnan Shipyard for up to 10 feeder containerships of...
Bulk Report – Week 47
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. It was said that one of the majors paid $7.00 for 7-9 December cargo on Friday,...
Black Sea-Mediterranean Panamax Freight Rates at 16 Week Low
The freight rates to carry a 60,000 mt grain cargo from Odessa, Ukraine to Alexandria, Egypt, on a Panamax-size vessel have dropped to a 16 week-low of $15.75/mt amid a lack of fresh cargoes.
S&P...
ABB Extends Its Service Network in Zhoushan, China
In a recent development, ABB Turbocharging has announced that they are establishing a branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan in order to provide greater access to ABB's high-quality service...
How Many Components Does a ‘Wet’ Scrubber System Has?
How many Components does a ‘Wet’ Scrubber System has?
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New Developments in MARPOL Annex VI Compliance
As the IMO rejected a proposal for an “experience building phase” during the first month's of implementation, they went on to adopt an amendment to MARPOL Annex VI in order to strengthen the impending...