Weekly Bulk Report – Week 26, 2019
The Baltic Briefing has released a report about the dry bulk market of the 26th week of shipping activities of this year. The report dated 28th June highlights the plight of the dry bulk...
Okeanis Eco Tankers Secures Scrubber Project Funds
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Okeanis Eco Tankers Corp secures a $11 million secured loan facility for its scrubber project from BNP Paribas.
The Facility incorporates an interest rate over Libor of 2.00%, a 5-year tenor, and a...
BPA Concerned About Ports Open Loop Scrubbers Ban
Mr. Mark Simmonds from the British Ports Association said that the impact of open-loop scrubbers on sediments in harbour areas remains unclear. That is concerning many in the ports industry. The words ‘port infrastructure’...
[Answer] How To Provide Future Proof Cost Saving Scrubber System?
The IMO 2020 sulphur regulation is less than 6 months away and the world is still pondering about the utility of scrubbers. While various studies and analysis have almost sealed the deal in favour...
Ship Owners Get Extended Contracts To Ensure Better Service
Long term contracts by the Ministry of Transport to ensure better services.
Fifteen year contract to boat companies providing economical and uneconomical route services.
Old ships servicing uneconomical routes to be stopped and...
Fednav Takes Delivery of a New Bulk Carrier
Canada's largest international bulk shipping company Fednav Limited, took delivery of the Federal St Laurent, its latest Great Lakes-suitable handysize vessel at the Oshima Shipyard in Japan, says a press release published on their...
China’s Two Largest Shipbuilders Plan To Merge
China’s two largest shipbuilders are planning to merge, according to information shared by their listed arms, reports Reuters.
Approval from authorities
The merging of China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC),...
Zhoushan Poised To Beat Singapore on LSFO Price
Beijing is expected to approve a long-awaited tax rebate for the export of low-sulphur fuel oils later this year, says an article published in Lloyd's List.
Nominal price
The move will allow Zhoushan to provide this...
LPG Carrier Blaze Kills One, Injures 15
A seafarer died and another 15 were hospitalized last night after a fire broke out on the Italian-flagged LPG carrier Syn Zania, reports Daily Sabah Turkey.
What happened?
The LPG carrier Syn Zania was anchored at a...
Maersk CEO Wants Half Its Earnings To Come from Inland Logistics
In a strategic shift, A.P. Moller-Maersk AS plans to invest in warehouses, container terminals and customs brokerage firms to boost its logistics-services capabilities.
The company has disposed of its oil and tanker businesses to...