2019 Dry Bulk Orderbook Summary
Post-Panamax sector and Panamax accounts for the highest order book to in-service vessels percentage, at 24% and 2% respectively.
Handysize vessels stand at 21% with an average age of 17 years. The vessels...
Tanker Report – Week 8, 2019
The Baltic Briefing has released a report about the tanker market of the 8th week of shipping activities of this year. The report dated 22nd February highlights the plight of the tanker market at...
How To Raise US$50M and Purchase Three Tankers in 18 Months
Raising money for your maritime activity is a herculean task especially if it has to be done in a short period. AG Shipping & Energy's global head and head of trading, Mangish Kakodkar shared...
Venezuela’s $500 Million of Crude Finds No Takers
Venezuela is running out of storage space to store $500 million worth of crude oil following new U.S. sanctions in January.
Oil ventures owned by PDVSA with Rosneft, Chevron, Total SA and Equinor ASA...
TEN’s 158,000 dwt Suezmax Tankers Up For Long-term Charters
Signed for two 158,000 dwt suezmax tankers
$300 million in Potential Maximum Time Charter Income
5 to 12-year contracts with a significant oil major
Strategy for Continuous Responsible Growth
TEN (Tsakos Energy Navigation) announced...
Launching of a 200,000-dwt Bulker from KLine
In a major development, Kawasaki Kisen Kaisha Ltd. (K-Line) has announced at the Marugame business headquarters that Imabari Shipbuilding Co., Ltd. have completed the 200,000- dwt ton Cape size bulker "CAPE SAPPHIRE", says a press...
Weekly Maritime Security Report – Week 7, 2019
Protection Vessels International has published the weekly maritime security report of the 7th week of this year. The report formulated on 22nd February 2019 provides valuable insights regarding the various security breaches and threats...
[Answer] How Does an Open-type Seawater Scrubber Work?
Scrubbers have become the ultimate solution in the post IMO2020 scenario but seldom do we know how the different types of scrubber work, especially when the open-loop scrubbers are facing heat all over the...
Recover Extra Fuel Cost or Go Bankrupt – BIMCO
European containerised imports likely to be stuck with demand growth of just 2% for years to come.
Trade tensions between the US and China and Europe, force consumers of containerised goods in the...
Dry Bulk Market Looks Dull
The drybulk market is facing a dull scenario with a decrease in freight rates for capesize vessels.
The global fleet utilization was 85.8% in the fourth quarter of 2018, down from 87.2% in...