VLCC Charterers took a step back last week after previously frenetic activity. In the Middle East Gulf rates peaked at WS 85 for 270,000mt to China, and then softened to low WS 80s, as owners...

Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer. Ship technology expertise and technology In a press release, Rolls-Royce and Intel announced about their collaborated...

Availability of 0.5% Sulfur bunker fuels at the bunkering hubs isn’t a problem, says the BSM Director. Antwerp, Rotterdam, Genua, Marseilles in Europe and Singapore, Thailand, Kong are ready for 0.5% sulfur fuels. ...

Predicting the recovery in asset pricing involves many factors, and the current strength of spot market returns or term hire rates are only a part of the story. Investment opportunities Value operators are on a lookout for...

On October 15, the Baltic Exchange’s Escrow Service was launched for its members to hold deposits for ship sale transactions. Escrow Service The Escrow service is based out of Singapore under the leadership of Chris Jones,...

In a recent development, Stena Bulk has signed a turnkey exhaust gas scrubber solution agreement with Chinese Bluesoul to equip its Suezmax and IMOIIMAX fleets. With this agreement in place, Stena Bulk will equip...

A joint Greek-American team of underwater archaeologists have found 22 ancient shipwrecks around Fourni, a small Greek archipelago. Disclaimer: This video is intended for informational purpose only. This may not be construed as a news...

Demurrage/detention penalties and the high value of the U.S. dollar making exports very expensive in foreign markets. FMC investigation hopes to bring clarity on how charges are levied. Demurrage and detention charges used...

H-Line Shipping, part of the South Korean private equity firm Hahn & Co, has confirmed newbuilding orders for two 180,000-dwt LNG-powered bulk carriers. Who is building Newcastlemax pair? To be built by Hyundai Samho Heavy Industries...

Japanese shipbuilders export orders down 12% year on year and down 43.7% from August Outlook seen positive Japanese shipbuilders received export orders for a total 668,098 gross tons across 17 vessels in September, down...