Bulk Report – Week 46
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predicted a strong fourth quarter have, as yet, offered few reasons...
World’s First Green Bonds in Shipping Industry Issued
NYK, the world’s first company in the global shipping industry to issue labelled green bonds, presented its initiatives at workshop about bond sponsored by Corporate Finance and Treasury Association of JAPAN (CFTAJ) in Tokyo...
Healthier Charter Markets to Benefit Navios Maritime Holdings
Revenue
$390.4 million for 9M 2018
$141.5 million for Q3 2018
Cash from operating activities
$39.6 millionfor 9M 2018
$10.1 million for Q3 2018
Adjusted EBITDA
$134.1 millionfor 9M 2018
$62.8 million for Q3 2018
Fleet renewal...
VLCC Front Falcon Sold to Third Party by SFL
On November 16, Ship Finance International Limited announced its plan to sell the 2002-built VLCC Front Falcon to an unrelated third party.
Move to diversify fleet
The delivery of the vessel to its new owner is...
[Answer] Sulphuric Acid and Sulphate Particulate Matter in the Exhaust Stream
Figure: Summary of typical emissions from a slow speed 2 stroke diesel engine
The mechanism of fuel oil combustion in a diesel engine is well described by Wright (2000) :
The oxides of sulphur (SOx; SO2 +...
Arc7 Class Tanker Begin Sea Trials
A new ice-breaking liquefied natural gas (LNG) tanker of the Arc7 class has begun sea trials
by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) around the island of Geoje.
On November 20, the 'Nikolay Zubkov',...
South Korean Shipyards Box Out Japan in LNG Tanker Market
Highlights
South Korean shipyards overtake their Japanese rivals by bagging orders worth $9 billion.
The country has entered into the playing field after a 2 year hiatus by bagging 78% of LNG orders this...
0.5% and 3.5%-S Bunkers Spread Could Reach $400/mt in 2020
The refiners inability to stockpile HFO is increasing bunker fuel price
The price could go as high as $400/mt in 2020 as refineries are set to lose 200 million mt heavy fuel.
As...
Autonomous Vessels Updated UK Code of Practice
The fast pace of change in maritime autonomy demands updated guidance
Industry Code of Practice demonstrates UK’s leadership on autonomy
New guidance focuses on operations, skills, training and vessel registration
Maritime UK has published...
[Watch] Norwegian Frigate Sinks After Collision with Tanker
Although being held with wires, the Norwegian frigate 'Helge Instad' was depicted almost fully submerged, following a collision with the Maltese-flagged oil tanker 'Sola TS' in Hjeltefjorden, off Bergen.
The Norwegian Coastal Administration is leading the oil...