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So far Matrix Owner has created 239 blog entries.

Demolition Market Under Pressure

Ship owners are finding it harder to secure attractive offers from recyclers of older vessels over the course of the past week, shipbrokers reported. According to the latest weekly report from Clarkson Platou Hellas, the renegotiation games have began on the Bangladesh coast. The shipbroker said that “we do not wish to create any dramas [...]

By | April 19th, 2018|News|0 Comments

The path to digital classification

After a fast start, DNV GL continues to pick up the pace in the digital transformation of its classification services. “We started looking into machine learning as a tool for modernizing classification in 2016,” says Morten Østby, Senior Principal Consultant at DNV GL. “When the team realized how important this could be, it was implemented [...]

By | April 19th, 2018|News|0 Comments

LPG Shipping: China mulls trade war on propane

Every market would suffer if the US and China descend into a trade war, but the already weakened LPG sector will suffer more than most, prolonging the wait for a recovery. The battle over tariffs between the US and China is looking more like turning into a war. Both administrations have announced a new list [...]

By | April 19th, 2018|News|0 Comments

Greek ferries docked at ports as seamen strike against reforms

Greek ferries remained docked at the country’s ports on Wednesday as seamen, marine engineers and ship cooks walked off the job to protest against planned government reforms which they say will further hurt their labour rights. The 24-hour strike was organised by Greece’s seamen federation (PNO), which said the leftist-led government was preparing a reform [...]

By | April 19th, 2018|News|0 Comments

Expanded Panama Canal Feels Benign Impact Of U.S. Oil And Gas Exports To Asia

Even by the harshest of gauging parameters, the Panama Canal is nothing short of an engineering marvel and testament to human ingenuity. Currently in its 104th year of serving as a man-made marine shortcut between the Atlantic and Pacific oceans, this fascinating inter-oceanic artery operates through a system of dual-lane lock complexes. Those privileged enough [...]

By | April 19th, 2018|News|0 Comments

Singapore 500 ppm sulfur gasoil cash differential hits year-to-date high as supply tightens

Tightening supply of 500 ppm sulfur gasoil from ongoing refinery maintenance is pushing up premiums on the grade, market sources said Wednesday. The FOB Singapore 500 ppm sulfur gasoil cash differential rose steadily from minus 31 cents/b last Monday to be assessed at minus 7 cents/b Tuesday — a year-to-date high since S&P Global Platts [...]

By | April 19th, 2018|News|0 Comments

Shipping and CO2 emissions

The recent meeting of the International Maritime Organisation (IMO) that was intended to discuss the issue of reducing the amount of CO2 that commercial ships emit into the World’s atmosphere was hijacked by the Global Warming crowd resulting in the IMO demanding that shipping reduces its CO2 emissions by 50% by 2050. No statistical evidence [...]

By | April 18th, 2018|News|0 Comments

DNV GL launches alternative fuels white paper

“The incoming International Maritime Organization (IMO) sulphur cap on emissions from shipping could have a significant effect on the maritime industry, and it has the potential to be a game changer for alternative fuels,” says Trond Hodne, Senior Vice President, Sales & Marketing Director at DNV GL – Maritime. “Our new white paper is designed [...]

By | April 18th, 2018|News|0 Comments

Chinese impacts to the Crude Tanker market; not just a story for VLCCs

The chart below shows the sources of seaborne tanker shipments on Aframaxes, Suezmaxes, and VLCCs into China over the past year. VLCCs predictably made up the largest portion of the cargo volumes due to the cost advantages associated with moving cargoes on the larger ships. The importance of the cargo volumes moving on Aframaxes and [...]

By | April 18th, 2018|News|0 Comments

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