Maersk’s Arctic Journey
Venta Maersk started its northern sea exploration on 22nd August, 2018.
Maersk used IMO's POLAR CODE in order to make the crew and the ship ready.
They teamed up with icebreaker companies to...
It’s the End of an Era as Ships Steam Home from Hong Kong –...
Seen approaching the Suez Canal in 1997 after leaving Hong Kong are the last three ships in service in the Royal Navy and RFA powered by steam turbines. At the top is HMS Fearless....
Bulk Report – Week 42
Capesize
A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slipping. However, rising iron ore prices and renewed talk of...
Freightos Baltic Container Report – Week 41
On October 15, some ocean carriers have applied a mid-month GRI for China-US West Coast in the $200-$400 range. That should translate into about a $200 price increase next week.
Fall in prices
After several large carriers...
Diana to Continue Time Charter Contract for M/V Electra
On October 23, Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax...
BW LNG Appoints First Female Captain of LNG Carrier
In a major development, Captain Tatjana Pletena took charge of BW LNG's Singapore-flagged LNG tanker BW GDF Suez Everett. This makes her the first female captain of BW LNG. She was promoted in April...
Bulker with Scrubbers May Enjoy a Premium and Early Advantage
Scrubbers fitted vessel will get premium over low sulfur fueled vessels.
The LSFO and HFO differential pricing is driving this charter advantage scenario.
The time-charter premium will be $12,100/day, $6,800/day,$6,300/day and $5,100/day for...
MethaShip Project: Renewable Methanol is ‘Fuel with a Future’
Cross-industry research finds key advantages for the use of methanol in medium speed marine engines for passenger shipping.
In a press release dated 22 October 2018, “The Methanol Institute” has welcomed the findings of the...
Wartsila’s Scrubber Business Rise But Cuts Services Outlook
On October 23, Finnish ship technology and power plant maker Wartsila reported lower than expected quarterly profit and new orders which downgraded the demand outlook for its services division, sending its shares down 9...
MOL Unveils High-quality and Efficient LNG Carrier
MOL's has announced its newbuilt LNG Carrier to serve Mitsui & Co. to transport shale gas-derived LNG from Cameron Project in the United States.
Naming Ceremony
On October 19, Mitsui O.S.K. Lines, announced the delivery of the LNG carrier Marvel...