Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri
In a recent development,Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.
What's in the contract?
Verifavia will certify the associated information technology (IT) systems of the two...
Can Speed Limits Help Box Ships Hit Emissions Target?
Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar that slow-steaming could “single-handedly” achieve the target.
Can speed limits help?
Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s...
Ship Financiers Back Tougher Action to Cut CO2 Emissions at Sea
Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.
CO2 emission agreement
In April, the United Nations shipping agency reached an agreement to reduce CO2...
NAPA Fleet Intelligence for MOL 80 Bulkcarriers
On October 24, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulk carriers with a new service called NAPA Fleet Intelligence with Noon...
Global Shipping Freight Rates Slump as Trade Slows
24% decrease in the cost of hiring container ships and 10% on raw material rates.
Tight credit conditions, market currency weakness and trade war concerns is behind this.
FREIGHTOS-GBL-FBX has fallen 5.4% to...
IMO’s High Sulphur Fuel Carriage Ban Remains on Track March 2020
The adoption of a ban on the carriage of bunkers above 0.50% sulphur is set to go ahead despite a number of countries seeking a delay, says IBIA in its site, while taking part...
End of Detour Trades on High Seas
One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to several industry analysts and a former engineer for A.P. Moller-Maersk...
Weekly Market Report
NWE/MED
There has been a steady flow of cargoes this week, with mostly butane cargoes flowing from UKC and Scandinavia, says a report published by StealthGas.
Prompt enquiries have continued to surface, but with limited firm...
Pacific, Atlantic LNG Vessel Spot Charter Rates Continue Climb on Low Availability
Pacific and Atlantic day rates for LNG vessels up $70,000/day and $50,000/day since mid-September.
The ballast bonus in the Pacific and Atlantic is marked at 150% and 125% respectively.
S&P Global Platts Tuesday assessed...
Clearlake Shipping Charters Hoegh Gallant LNG Vessel
“Clearlake Shipping, a unit of Swiss-based energy trader Gunvor has chartered the Hoegh Gallant vessel as a conventional LNG carrier”, the reuters quoted Hoegh LNG stating this.
Hoegh Gallant is a floating...