Tanker Report – Week 33
VLCC
Very little change as rates remained around WS 51/52 level. New Harvest fixed the New Naxos basis 270,000mt AG/China for end of August at WS 51, with talk of Eco Leader fixing WS 53...
Where are We Going with these Megaships?
The container vessel sizes have been on a steady rise and many carriers are competing to build large ships to accommodate more cargo.
What are the benefits?
Shippers are building large vessel as the benefits...
SHELL to Time Charter Dynamic Positioning AET Shuttle Tanker
The AET has formally announced its first contract with SHELL to time charter its new-build dynamic positioning (IMO Class 2) shuttle tanker (DPST) in Brazil.
What happened?
For the first time, AET has contracted Shell to...
Shell Ships ‘Slurry Oil’ in Unusual Arbitrage Move
In an unusual mover, Shell International Eastern Trading Company (SIETCO) has chartered a tanker to ship up to 80,000 tonnes of slurry oil from Singapore to Ruwais in the United Arab Emirates (UAE).
What happened?
On...
Maersk Warns on Impact of Trade War
Maersk shipping chief has announced that tariffs could slow global annual trade growth by 0.1 to 0.3 per cent, but in US it declined by 3 or 4 per cent.
US economy to be affected
According...
[Watch] Drone Footage of Shipwreck in Qawra
A vessel ran aground at Qawra as a result of the rough seas. The Hephaestus, a 60-metre Togo-registered tanker broke its moorings near the area known as Is-Sikka l-Bajda.
Disclaimer: This video is intended for...
[Watch] Ship Air Emissions – Main Challenges, Policies and Industry Developments
IMarEST TV recording of the 10 May 2018 technical lecture presented to the IMarEST UAE Branch in Dubai by Dr Stefanos Chatzinikolaou, Senior Manager Marine Research & Innovation, RINA Hellas. The lecture covered the...
Underwater Repairs to Prevent Dry-dockings
Wärtsilä’s divers are helping operators to avoid unplanned dry-dockings by completing repairs such as propulsion overhaul, hull cleaning and propeller polishing underwater.
The retrofitting of some components of exhaust gas cleaning system and even complex...
[Watch] The Way Big Ships are Launched Looks Completely Insane
Getting a new ship into the water is, presumably, the most important part of building a seafaring vessel.
Not all ships are created equal — some are simply massive. They all need to get...
Bulk Report – Week 33
Capesize
A week of largely unfulfilled expectations with holidays is again curbing activity. Rates remained essentially healthy, but despite bad weather in China, possibly causing disruption to schedules rates on the major West Australia/China routes,...