Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to be busy with a consistent level of cargoes quoted, leaving...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has been for five years with an extension of two years.
...
Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel
Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020.
Company's common stock may finance upto 50% of the purchase price.
A restriction on transfer applicable to any issued stock for...
Angola LNG Offers Cargo for Jan-Feb Delivery
According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.
There are no destination restrictions for this cargo which will be sold on...
Majority of ‘Wet’ Scrubber Systems have 3 Basic Components
Figure: Exhaust gas cleaning system basic components
There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove sulphur oxides from ship’s engine and boiler exhaust gases.
However the...
[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea
THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple waterspout hit a Thai island during a storm.
Disclaimer: This video...
Captain of Drifting Ship Jailed for Grounding Ship on Reef
On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for grounding the ship onto a reef.
What happened?
In June 2018, a Philippines-registered...
Capital Product Merge Tankers with Diamond S in a $1.65bn Deal
Highlights
Capital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations.
The new company hopes to be market leader in the crude and product tanker sections
The transaction is...
Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation
Imperial College Research Team and M Squared laser firm build quantum compass.
Quantum navigation more secure than GPS which is vulnerable to signal spoofing.
Quantum accelerometer relying on super cool atoms used to...
Ship Operating Costs are Expected to Rise Further
Operating costs increased in 2018 and it's likely to affect the rest of the year.
Drewry's daily operating cost increased by 1.1%.
The opex costs which influences insurance premiums contracted 9% in 2015-16.
...