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So far Matrix Owner has created 447 blog entries.

Vessel heads to Dominion Energy’s Cove Point LNG terminal -shipping data

Methane Spirit, a liquefied natural gas tanker, said Thursday it would arrive at Dominion Energy Inc’s Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data: If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion has said it expects [...]

By | February 17th, 2018|News|0 Comments

Dry Bulk Market: Freight Rate Prospects Looking Positive After Chinese Lunar New Year

Dry bulkers are hotting up price-wise, as the market’s prospects appear rosier than ever during these years of crisis. Shipbrokers are noting that, despite the Chinese New Year celebrations, which are typically negative for the freight market, the BDI (Baltic Dry Index) has managed to sustain a positive level, which means that heading up towards [...]

By | February 17th, 2018|News|0 Comments

Dry Bulk FFA: Panamax Index Looks Bearish

The index failed to hold above the USD 10,517 support resulting in lower prices. Technically price action looks bearish as it is now below the 200 period MA with a longer-term downside target of USD 8,786. Market buyers now need to see higher highs and higher lows for the technical to be considered as firming. [...]

By | February 16th, 2018|News|0 Comments

Offshore: Bet Your Bottom Dollar…But When?

Since the 2H 2014 offshore downturn, when investment in new exploration and development dried up, many offshore vessel owners will have tended to agree with the child heroine of the 1976 musical Annie: “It’s a hard knock life”. However after three years of setbacks and weak markets, some are now starting to see positives, as [...]

By | February 16th, 2018|News|0 Comments

Hedge funds hook shipping stocks grappling for recovery

Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks in the third quarter of 2017, but significantly stepped up their bets in the final three [...]

By | February 16th, 2018|News|0 Comments

Tanker Market: US Oil Exports’ Rise Bode Well for Ton-Mile Demand

Up until a couple of years back, the wording of US oil exports was a “blank form”, as the leading economy didn’t allow for the exports of its oil. However, with the relaxing of the rule from 2016 onwards, the floodgates have opened and the US is quickly turning into a major factor in the [...]

By | February 16th, 2018|News|0 Comments

Japan’s Dec bonded bunker fuel sales rise 16% on year to 2.54 mil barrels

Japan sold 2.54 million barrels of bonded bunker fuel in December, down 0.1% from November but up 15.8% year on year, according to data released Thursday by the Ministry of Economy, Trade and Industry. Japan’s bonded marine diesel oil sales also fell with marine diesel oil sales plunging 69.2% month on month to 12,506 kiloliters [...]

By | February 16th, 2018|News|0 Comments

Lack of uniform international legal framework will hinder and fragment the adoption of green technology in shipping

Costs hindering implementation of energy management technology Over two thirds (68%) of global marine industry executives believe that a lack of uniform international environmental regulations will impede the adoption of green technologies in shipping, according to a new report from the Institute of Marine Engineering, Science & Technology (IMarEST) and global law firm Clyde & [...]

By | February 16th, 2018|News|0 Comments

Containerization in need of investments

Iran owns 229 container ships, which contributes to 1.1 percent of the global capacity, but containerization is in dire need of attracting investments, Mohammad Rastad, head of Iran’s Ports and Maritime Organization (IPO), stated. Making the remarks in the 25th Conference of Coordinating Marine Organizations of Iran on Tuesday, the official said: “Some 145 million [...]

By | February 15th, 2018|News|0 Comments

Supertankers could change U.S. oil export game

The first oil supertanker, capable of carrying 2 million barrels of crude, was being loaded in Louisiana this week, signalling the next phase in the U.S. transition to becoming a major energy exporter. The tanker, ‘Shaden,’ was chartered by Shell Oil and is Saudi Arabian-flagged, according to a report by S&P Global Platts. The ship [...]

By | February 15th, 2018|News|0 Comments

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