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So far Matrix Owner has created 523 blog entries.

Tanker Recycling on Record-Breaking Year

The decommissioning of a significant part of the tanker fleet is about to alleviate the current oversupply issues, as evidenced by the record-breaking pace of demolition activity this year. In its latest weekly report, Clarkson Platou Hellas commented that “with the end of an eventful week in Athens for the bi-annual Posidonia, Owners, Cash Buyers [...]

By | June 14th, 2018|News|0 Comments

Asia’s largest dredging vessel completes first sea trial

A Chinese-built dredging vessel, the largest of its kind in Asia, returned to the shipyard in Qidong city of east China’s Jiangsu Province Tuesday after completing its first sea trial. The 140-meter-long vessel, named Tian Kun Hao, can dig as deep as 35 meters under the sea floor and dredge 6,000 cubic meters per hour. [...]

By | June 14th, 2018|News|0 Comments

Oil shortage or surplus? Floating storage swamps Europe

OPEC is considering whether or not to raise its oil production to prevent the global market from becoming too squeezed, but there is one part of the world that is telling a very different story about the balance between supply and demand. The boom in U.S. shale shipments has outstripped OPEC’s production cuts and pushed [...]

By | June 14th, 2018|News|0 Comments

Shareholders pray for deliverance as Varun Global may get listed

Yudhishthir Khatau, labelled a wilful defaulter, has made a public announcement to list Varun Global Ltd, one of the two entities demerged from the erstwhile Varun Shipping Co Ltd, following sustained pressure from shareholders. The announcement comes weeks after the resolution professional overseeing the bankruptcy of Varun Resources Ltd, the other demerged entity, moved an [...]

By | June 14th, 2018|News|0 Comments

FUELSAVE Introduces Fuel Consumption And Emissions Abatement Game-Changer

FUELSAVE GmbH, a German energy efficiency start up for fuel and emissions reduction, has launched a ground-breaking technology capable of optimising the fuel consumption efficiency of all marine diesel engines. The technology, proven in both in-the-field and laboratory tests, is offered with a contractually guaranteed 10% saving on overall fuel costs. The technology also significantly [...]

By | June 14th, 2018|News|0 Comments

VLCC carrying diesel changes course from Northwest Europe, points to Med: cFlow

The Maran Aphrodite, a VLCC carrying diesel expected to head to Southwold, UK, is now pointing to the Mediterranean, according to Platts trade flow software cFlow. Traders had said on Monday they expected the VLCC to discharge the diesel onto smaller cargoes in the Southwold ship-to-ship transfer zone. The Maran Aphrodite loaded with diesel in [...]

By | June 14th, 2018|News|0 Comments

Shipping industry concerned about Brexit chaos

The UK Chamber of Shipping has called on MPs to reject the Withdrawal Bill amendment that seeks EEA membership for the UK after Brexit. Jonathan Roberts, Communications Director at the UK Chamber of Shipping said: “MPs should reject demands for the UK to join the EEA after Brexit – the so called ‘Norway model’. We [...]

By | June 13th, 2018|News|0 Comments

Thun: NACC Invesnts in joint venture JT Cement AS

We are happy to announce a couple of good news from our joint venture JTC AS. Nova Algoma Cement Carriers Limited, has acquired a 25% ownership interest in JT Cement AS from KGJ Cement Holdings and will join the joint venture JTC AS, which owns a fleet of seven smaller specialized pneumatic cement carriers. Erik [...]

By | June 13th, 2018|News|0 Comments

Former OW Bunker manager appeals 18-month jail term

The former manager of marine fuel supplier OW Bunker’s Singapore subsidiary said on Tuesday he would appeal the 18-month jail term he was sentenced to last month, his lawyer told Reuters. On May 30, a Danish city court found Lars Moller, former head of Dynamic Oil Trading in Singapore, guilty of granting credit outside his [...]

By | June 13th, 2018|News|0 Comments

Newbuilding Prices On the Rise as Higher-Spec Vessels Are Ordered

Despite the fact that ship owners have been more inclined to acquire a second-hand vessel, rather than invest in a newbuilding these days, prices for the latter have started to inch higher. Contracting activity has picked up (that’s reason No1), but also many owners are opting for higher-spec vessels, which cost more. In its latest [...]

By | June 13th, 2018|News|0 Comments

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