Weekly Tanker Report
The 51st weekly assessment report for the tanker market has been released by the Baltic Exchange.
VLCC
Middle East Gulf rates shed 3/3.5 points to WS 83/83.5 for 270,000mt to China. Going west, 280,000mt to the US...
Bulk Report – Week 51
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route collapsed with business concluded at under $6.00 having touched $9.00 just...
Early Warning On Global 2020 Sulphur Cap Compliance
On 21st Dec 2018, Tokyo MOU issued a press release stating that, the Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will start issuing a letter...
TradeLens – A Tale of One Big Dream for Supply Chain
Maersk and IBM join hands to realize blockchain dream fro TradeLens
Key players and major carriers keen on developing their personal blockchain solution
Supply chains to benefit from blockchain revolution and Maersk keen...
MOL Conducts Assessment on Advanced Navigation Systems
On December 21, the Mitsui O.S.K. Lines announced that MOL, MOL Techno-Trade, National Maritime Research Institute, and Tokyo University of Marine Science and Technology has conducted a joint assessment and feasibility study on advanced...
VLCC Trade Flow Increase Tonnage Imbalances
Ballasting proves to be a problem for crude oil carriers in the tanker market
Bigger ships have more opportunities to cut ballast legs by triangulation than VLCCs
The relentless shift of crude oil movements...
Cruise Ship Butlers: A Very ‘Suite’ Luxury
The services of a British-style butler are more likely to be found on a cruise ship than hotels.
The butlers aboard the Regent Seven Seas serve with a can-do attitude, always trying to...
CPLP Got Little Respect for Long-Term Profitable Leases on Its Vessels
CPLP's management is an expert at the art of the deal.
The announced Capital Maritime Partners / Diamond S Shipping deal has the potential to be a win-win-win.
Capital Maritime gets to restart...
CMA CGM to Deploy Its Own Intra-Egypt Feeder
CMA CGM Short Sea Lines Med are glad to announce the deployment of their own Intra-Egypt feeder as from December 27 in Port, says a press release.
Features of New Feeder:
Rotation: Port Said West...
Why Sale and Leaseback Deals Prove Popular?
Two Ardmore Shipping transactions expected to be finalized this month with expected aggregate cash proceeds of $13 mill.
d’Amico Tankers entered a bareboat charter contract for the sale and leaseback of the 2015-built...