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 element of the global economy, providing the connection between producers...

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 to have a market mainly driven by major deals, with...

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 Monday (June 5) cut ties with Qatar, a small Gulf...

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 in a report based on the banks' published annual reports...

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 footing. According to Freight Investors Services, on Wednesday, capesize rates were...

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 days investigating a top secret classified document that had allegedly...

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 oxides (SOx) from the exhaust gases emitted by marine diesel...

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 closure of air/sea/land travel links with the State of Qatar....

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, NAPA Fleet Intelligence, will offer quick and easy access to...

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 diverted to smaller tankers such as aframaxes and suezmaxes, ship...