Dry Bulk Report – Week 7, 2019
The Baltic Briefing has released a report about the dry bulk market of the 7th week of shipping activities of this year. The report dated 15th February highlights the plight of the dry bulk...
Tanker Report – Week 7, 2019
The Baltic Briefing has released a report about the tanker market of the 7th week of shipping activities of this year. The report dated 15th February highlights the plight of the tanker market at...
Ship Disasters Avoided with Big Data Statistics Techniques
ABB is closely working with statisticians at the University of Oslo in Norway to enable shipping companies to ensure optimal operations and improve ship safety.
Data comes from onboard sensors to transmit data...
DNV GL to Class Sea Cloud Cruises’ Passenger Sailing Ship
In a major development, the representatives of DNV GL and Metalships & Docks came together in Vigo, Spain last week to sign an agreement which entrusts DNV GL with the classification of the Metalships...
FIS Broke First Futures Trade on CME Singapore FOB Marine Fuel
In a major development FIS has announced that they have executed the first trade on the new Singapore FOB Marine Fuel 0.5% Futures contract specs, reports Freight Investor Services.
How did it happen?
The FIS...
Bringing Fresh Air to the Ship Power Puzzle
Wind energy touted to be future of ship propulsion with MAN developing an ammonia two-stroke engine.
Ammonia makes efficient use of electricity than making either liquefied or compressed hydrogen.
600-MW wind farm with...
Singapore HSFO/Brent Swap Cracks Rise to Two-Month High on OPEC Cut, Venezuela
Front-month March FOB Singapore 180 CST HSFO/Brent swap crack spread was assessed at $1.357/b as of 4:30 pm Singapore time (0830 GMT) on Wednesday.
Similarly, March FOB Singapore 380 CST HSFO/Brent swap crack...
Scrubber Installations Focus On Large Vessels
Just 10% of the global shipping fleet have scrubbers to reduce air pollution.
Of the existing fleet, 509 vessels have been fitted with scrubbers and 1,189 vessels are pending retrofit.
Estimate is that...
Crews Battling Ship Fire in Oregon
The iconic St. Clair ship which has been traveling the Great Lakes since 1975 was destroyed in a fire in Oregon recently, reports a Oregon newspaper.
What happened?
The St. Clair is a ship that’s been traveling...
HMM Optimistic of Alliances Despite Ending 2018 with $720m Loss
Subsidized South Korean ocean carrier Hyundai Merchant Marine (HMM) ended the year some $720m in the red.
Due to its aggressive drive to regain the market share HMM’s revenue improved by only 3.9%...