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So far Matrix Owner has created 447 blog entries.

Baltic Handysize freight rates hit new 13-month high

Freight rates for Handysize tankers in the Baltic have surged to their highest levels in more than a year as ice builds around the key Russian export ports along the Gulf of Finland, creating restrictions on which vessels charterers can use. The Baltic-UK Continent route, basis 30,000 mt, has risen to Worldscale 212.5, or $15.02/mt, [...]

By | February 8th, 2018|News|0 Comments

The Ultra Large Container Ship from a different angle

ULCS, short for Ultra Large Container Ship, is the generic name for container ships with a nominal container capacity of 10,000 TEU and over. For many, the ULCS is a fascinating ship, and the editors of DynaLiners Weekly, published by Dynamar of Alkmaar/The Netherlands, are no exception. DynaLiners is keeping track of all ULCS operating [...]

By | February 8th, 2018|News|0 Comments

Singapore Feb term ex-wharf 500 CST bunker concludes near discount of $1.50/mt

Singapore ex-wharf 500 CST bunker fuel term contracts for February have been concluded at close to a discount of $1.50/mt to Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, trade sources said this week. January term contracts were heard concluded at parity to a discount of $1/mt. Conclusions for February were heard [...]

By | February 8th, 2018|News|0 Comments

Dry Bulk Market: Recovery Prospects Not Threatened by NewBuilding Ordering… For Now

In terms of the dry bulk market’s full recovery, a lot hinges on the pace of newbuilding ordering activity, with many analysts fearing that a boom in fleet growth will set the industry on the wrong foot again. Is this the case though? In its latest weekly report, shipbroker Allied Shipbroking noted that “there has [...]

By | February 8th, 2018|News|0 Comments

Dry Bulk FFA: Panamax Index Reaches New Highs

Highlights: The Index has recently made a new high, if we hold above the USD 10,517 support then it would suggest that the current move is basing. The stochastic is showing a bear setup (this has near term bullish implications) and this remains in play above USD 10,223 on the weekly chart. Like the index, [...]

By | February 7th, 2018|News|0 Comments

Newbuilding Orders Piling Up in Dry Bulk Segment

Increasing confidence in the dry bulk market’s long term recovery has triggered an increasing number of newbuilding orders over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that it was “an interesting week for the Newbuilding market was due, mostly attributable to the Dry Bulk sector, which pulled [...]

By | February 7th, 2018|News|0 Comments

Inauguration of BreakBulk Middle East 2018 at ADNEC

Breakbulk Middle East officially opened today with Dr. Eng. Abdulla Salem Al Kathiri, Director General of the Federal Authority for Land and Maritime Transport, and Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, inaugurating the third annual conference focusing on the challenges and opportunities in the region’s project logistics and breakbulk sector. Officially [...]

By | February 7th, 2018|News|0 Comments

S. Korea’s Share of Global Shipping Market Cut in Half

Korean flag ships’ shipping power was halved in North American routes where they were strong players. Although the US economy is recovering sharply and global trade volume is on the rise, China, Europe, and Japan are dominating this market by expanding their sizes. Last year, Hyundai Merchant Marine recorded a 5.47% share of North American [...]

By | February 7th, 2018|News|0 Comments

FSC Seizes More than 800,00 dollars to Nigerian Shipping Company

Judge Saliu Saidu of the Federal Supreme Court of the Nigerian city of Lagos ordered the definitive seizure of 815, 785 dollars belonging to the maritime firm ZAL Marine Limited. Saidu granted the order after accepting a request from the Economic and Financial Crimes Commission, which considered that amount the proceeds of illicit activities, indicates [...]

By | February 7th, 2018|News|0 Comments

Building the world’s first ballast-free LNG bunkering vessel with HMD

Hyundai Mipo Dockyard (HMD) is scheduled to deliver the world’s first ballast free LNG bunkering vessel later this year. The 7,600m³ vessel was ordered by Germany-based Bernhard Schulte Ship management in late 2016 and is currently under construction to LR class at HMD’s Ulsan shipyard. Since the introduction of steel-hulled vessels, ballast water has been [...]

By | February 7th, 2018|News|0 Comments

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