Transfar Pays $200,000 Per Day For Containership
Money is no object to the Singapore-registered, Alibaba-linked Transfar Shipping – getting box tonnage, whatever the costs are the priority in today’s tight container markets, says an article published in Splash 247.
About Transfar Shipping
Brokers...
GMS Week 8 – War Shocks!
Sub-continent markets remain firmly poised for another week, particularly in Bangladesh and a now resurgent India.
Oil / gas
Pakistan, as seems to be typical for the market there, has gone quiet over much of the...
Gibson Weekly Report – Banks Not Tanks
Yesterday’s sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe. Broad sanctions have been enacted by the major economies of the world....
Dong-A Tanker Has Exited Dry Bulk Market
In the Capesize sector, South Korea’s Dong-A Tanker has sold three sister ships – Dong-A Eos, Dong-A Astrea, and Dong-A Oknos to Greece’s Minerva Marine for an en bloc price of $81m, says an...
How Can Retired Cruise Ships Be Repurposed?
A Washington-based architecture firm is looking into the possibility of repurposing cruise ships.
The ships could be transformed into affordable housing, architect Abe Desooky told Insider.
The cruise industry has encountered plenty of difficulties...
Delivery Of ‘World’s First’ Thought To Be A Major Turning Point
The delivery ceremony for the liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), described by China Classification Society (CCS) as the world’s first, has been held today, 28 February, at Dalian Shipbuilding...
Canal Tolls To Soar Effective Next Month Onwards
The Suez Canal Authority in Egypt announced Monday that starting next month, canal charges for laden and ballast vessels will be increased by up to 10% as reported by Splash 247.
Growth in global trade
Justifying...
Omicron Ripping Through Cargo Ships
Summary
Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry.
Anglo-Eastern Univan Group,...
Smaller Ships With Flammable Cargo Will Need A IG System
Global Survival Technology specialist Survitec has welcomed industry initiatives to install Inert Gas (IG) systems to smaller oil and chemical tankers less than 8000dwt, reports an article published on their site.
Advantages of the amendments
Acknowledging...
Purchase Of Russian Crude Avoided By Refiners, Sanctions Threat
CHARTERERS and owners have swiftly stepped away from Russian business across all sectors of the shipping industry.
At the same time insurers are seeking legal clarity before confirming cover of Russian vessels in...