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Stena Line Floats 1st Next Generation Ferry in China

Swedish ferry company Stena Line has launched its first next generation RoPax vessel at the Avic Weihai Shipyard in China. The first new vessel, to be named Stena Estrid, took to the water for the first time on January 16. Scheduled to enter service on the Dublin to Holyhead route in early 2020, the unit is the [...]

By | 2019-01-18T07:19:22+00:00 January 18th, 2019|News|0 Comments

Dry Bulk Market “Flat Lining”, but Fundamentals Are Solid, Says Shipbroker

While the fourth quarter of 2018 didn’t live up to expectations, especially for the Capesize segment, it seems that ship owners can take heart in the fact that newbuilding orders were also significantly reduced, which is a quite significant silver lining. Allied Shipbroking said in its latest weekly report that “given the poor performance noted [...]

By | 2019-01-18T06:26:26+00:00 January 18th, 2019|News|0 Comments

Tomorrow´s ship fuels

The shipping industry is rapidly reaching a point of no return: Emission limits and, in the more distant future, complete decarbonization will change ship operation dramatically. The question is: How should container ships be built today? The Paris Agreement aims to limit global warming caused by greenhouse gas (GHG) emissions to less than two degrees. [...]

By | 2019-01-18T06:22:56+00:00 January 18th, 2019|News|0 Comments

First Suezmax for West Africa in Jan loading fuel oil in Rotterdam

The first Suezmax booked to load fuel oil in Rotterdam for discharge in the West African port of Lome in January was booked late Wednesday, shipping sources said. The Suezmax Seaways Mantauk is expected to load fuel oil around January 26 from Rotterdam for discharge in the Togan port, sources said. Shipments of high sulfur [...]

By | 2019-01-18T06:15:22+00:00 January 18th, 2019|News|0 Comments

Analysis: Singapore may witness robust bunker sales for third consecutive year

After posting near 50 million mt in annual sales for two consecutive years, Singapore is hoping to push its bunker fuel sales even further in 2019 as it tightens quality norms and strengthens port infrastructure ahead of the International Maritime Organization’s global sulfur limit rule deadline in 2020. “Singapore retained its position as the world’s [...]

By | 2019-01-18T06:13:11+00:00 January 18th, 2019|News|0 Comments

Tallink And Taltech To Collaborate On Developing Smart Ship Solutions

Tallink Grupp and the TalTech started a scientific collaboration with the aim of developing various innovative solutions for Tallink Grupp’s vessels over the next two years. According to the two-year 100,000 Euro cooperation agreement, signed by Member of the Management Board of Tallink Grupp, Mr Lembit Kitter and the rector of TalTech, Mr Jaak Aaviksoo, [...]

By | 2019-01-18T06:10:14+00:00 January 18th, 2019|News|0 Comments

IFO 380 CST prices in Peru, Ecuador face uncertainty, higher prices

Marine fuel prices in Callao, Peru, rose on implemented price hikes from refiners this week, while in Guayaquil and La Libertad, Ecuador, talk of potential stable to impending price increases pressured the assessments upwards, sources said. A trader source said they were observing pricing creeping up $3-$5 across the Pacific Coast of South America pointing [...]

By | 2019-01-18T06:07:58+00:00 January 18th, 2019|News|0 Comments

Ocean Alliance: the world’s largest operational agreement between shipping companies is extended until 2027

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the extension of their cooperation The CMA CGM Group, a worldwide leading shipping group, is pleased to announce that Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, signed today the extension of the Ocean Alliance cooperation until [...]

By | 2019-01-18T06:02:47+00:00 January 18th, 2019|News|0 Comments

Fleet Xpress momentum continues as MOL introduces world’s fastest growing maritime VSAT service on new vessel types

Mitsui O.S.K. Lines (MOL), one of Japan’s largest shipping companies, is to increase the roll-out of Inmarsat’s Fleet Xpress Service, across the remainder of its owned and managed fleet. This underlines the confidence placed in the high-speed satellite service by major shipping lines and reinforces the scope of the digital transformation sweeping the industry. The [...]

By | 2019-01-18T05:54:58+00:00 January 18th, 2019|Uncategorized|0 Comments

SEACOR Marine Enters Agreement to Acquire Three Additional Platform Supply Vessels from Affiliates of COSCO Shipping Group

SEACOR Marine Holdings Inc. yesterday announced it has entered into definitive agreements to acquire three platform supply vessels (“PSVs”) from COSCO Shipping Heavy Industry (Zhoushan) Co., Ltd. (“COSCO Zhoushan”), an affiliate of COSCO Shipping Group, the world’s largest ship owner. Aggregate consideration for the vessels will be approximately $46.0 million, of which 30% will be [...]

By | 2019-01-18T05:50:06+00:00 January 18th, 2019|News|0 Comments

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