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So far Matrix Owner has created 172 blog entries.

BMT Awarded New Funding for Autonomous Navigation

BMT will take the lead in a new £1.2million research project funded by Innovate UK, the UK’s innovation agency. Collaborating with ASV Global and Deimos Space UK, BMT will seek to address the challenge of how traditional manned vessels can co-exist with autonomous systems in shared water space. Deimos Space UK, the British subsidiary of [...]

By | December 7th, 2017|News|0 Comments

Shell Marine Secures Big Ship Commitment From Cosco Shipping

Shell Marine has recently been awarded China Ocean Shipping (Group) Company’s (COSCO SHIPPING) largest marine lubricants order in 2017. This order will include the full range of marine lubricants and technical services for seven out of COSCO SHIPPING’S 10 new generation Ultra Large Container Carriers (ULCCs) with capacities of approximately 20,000 TEUs each, ordered in [...]

By | December 7th, 2017|News|0 Comments

Distillate Imports to the US Atlantic – A Boost For Clean Tanker Rates

US Distillate inventory levels on the US Atlantic coast are below their five-year range, and the home heating oil season has started in the key PADD 1A region of New England. Heating oil is used extensively in this region due to the decentralized housing infrastructure that makes heating oil delivery the most economical choice for [...]

By | December 7th, 2017|News|0 Comments

Istanbul bunker fuel premium to benchmark at six-week high despite moderate demand

The premium of bunker fuel at Istanbul over the regional high sulfur fuel oil benchmark has reached its highest point in six weeks amid a soft HSFO market, sources said. “December is very, very long on components and finished grade,” an HSFO trader said. The large volume of M100 coming from Russia has contributed to [...]

By | December 7th, 2017|News|0 Comments

ABB launches sequential turbocharging system

Greater flexibility and lower fuel consumption for vessels with two-stroke main propulsion. ABB Turbocharging announces its latest technology development, the Flexible integrated Turbocharging System for Two-Stroke Engines (FiTS2) at Marintec China, December 2017. The new sequential turbocharging system allows maximum fuel savings for two-stroke engines at part and low load, and at the same time [...]

By | December 6th, 2017|News|0 Comments

Cheniere boosts LNG tanker fleet amid Asian demand boom

U.S. liquefied natural gas (LNG) producer Cheniere Energy has expanded its shipping fleet with a flurry of spot vessel charters to keep up with Asian winter demand growth as spot prices LNG-AS hit three-year highs, market sources said. Cheniere’s Sabine Pass terminal in Louisiana pumped out 22 cargoes last month and more are expected as [...]

By | December 6th, 2017|News|0 Comments

Soaring Freight Costs Will Squeeze Traders, Boost Food Prices

It’s getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices. The Baltic Dry Index, a benchmark of shipping rates, surged 73 percent in 2017 to a four-year high because of a slowdown in new bulk freight capacity. More than 85 percent of global trade [...]

By | December 6th, 2017|News|0 Comments

Fitch: Shipping Recovery Remains Elusive Despite Green Shoots

Fitch Ratings’ sector outlook for global shipping remains negative as we do not expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. Both container and bulk show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence to capacity discipline in the sector. Improving market [...]

By | December 6th, 2017|News|0 Comments

Shipowners are Ramping Up Newbuilding Orders as 2018 nears by

Ship owners are contracting newbuilding vessels left and right over the past week, as 2018 and the Holiday Season are just a couple of weeks away. In its latest weekly report, Allied Shipbroking said that it was “another week with plenty of activity being reported in the Newbuilding market, after many weeks of high volatility [...]

By | December 6th, 2017|News|0 Comments

China’s coastal coal freights continued to edge up in week to December 5

Freight rates for shipping coal from northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south continued to edge up in the week to December 5, the operator of Qinhuangdao Port said Tuesday. The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt [...]

By | December 6th, 2017|News|0 Comments

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