Bulk Carrier S&P On The Up Despite Market Low Point
In recent weeks we have seen a steady increase in Sale and Purchase (S&P) activity, despite the downward pressure that the dry market has been experiencing both on the spot and period front, says...
Cargo Cartel ‘Super Alliance’ ! Hong Kong Probes Container Trade Club
Four of five operators at one of the world’s busiest container ports plan to join forces to increase profits.
Other competitors in the trade fear that this team with 95 per cent market...
Keppel Starts 2019 with US$220M LNG Orderbook
In a major development, Keppel Offshore & Marine has announced that they are about to start work on a combined S$300M (US$220M) in new projects, including one to design and construct an ice-class LNG bunker vessel,...
CHINA’S SWS Forms Cruise Ship Design Team
On January 7, China’s Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corp. (CSSC) has officially announced that it has set up a specialized team for the design of large cruise ships.
Specialized...
[Watch] The Engines of the Titanic
This model of the Titanic by Hoe Ishetmogelijk displays the engines and the mechanics of the engines, turbines, and propellers of Titanic. This illustrated how they functioned and what could have gone wrong. An understanding...
Atlantic Supramax Dry Freight Market is in Freefall
On January 9, the Atlantic Supramax dry freight market tumbled with time-charter deals from the US Gulf Coast being finalized at $3,000-4,000/d lower than the last done levels.
Overtonnage blamed for the fiasco
Market participants blamed...
Early Price Assessments Put 0.5% Sulphur Fuel Premium at $40-104
Bunker fuel prices can trigger a scrubber investment upsurge as a Platts report suggests, writes Seatrade Maritime’s Asia Correspondent Lee Hong Liang. According to the report, the early assessments of the price spread between...
Will VLCCs Lead the Tanker Market to Recovery?
Tanker market has shown improvement in recent times when compared to previous years
The rates are healthier and the Baltic Dry tanker index has spiked significantly
There has also been a significant increase...
US Maritime Taking a Hit As Shutdown Drags On
Ability to move waterborne freight could shift into crisis mode if the shutdown continues.
31% of the branch’s 41,000 active duty members don’t have enough money in an emergency savings fund to cover...
Does New Bunker Certificate Rule Require Any Additional Certificate?
The new bunker certificate rule does NOT require an additional certificate from the suppliers. The main changes to the BDN are as follows.
Currently, every BDN had wording which mentioned that the fuel will...