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So far Matrix Owner has created 172 blog entries.

Tanker Acquisitions Looking More of a Bargain Compared To Bulkers says Shipbroker

Ship owners looking to invest in today’s market has plenty of options available. The dry bulk market’s rebound has spiced things up, but tankers are also attractive thanks to lower prices. In its latest weekly report, shipbroker Intermodal noted that “in line with most expectations for the end of this month, during the past days [...]

By | December 2nd, 2017|News|0 Comments

Ships’ demolition Market Picks Up

The ships’ demolition market has picked up pace over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has seen the market take off in all areas in the Indian Sub-continent, providing positive vibes emanating with further increased rates. Pakistan especially has jumped significantly this [...]

By | December 1st, 2017|News|0 Comments

Int’l shipping a major plank of economic programme — Henry

Minister of Transport and Mining, Mike Henry says international shipping is a major plank of the Government’s strategic economic programme, capitalising on potential mega investments associated with the global logistics hub initiative and bolstered by the expanded Panama Canal. He was speaking on day one of the 30th Session of the International Maritime Organization’s (IMO) [...]

By | December 1st, 2017|News|0 Comments

Asia Dry Bulk-Capesize rates to climb higher in a ‘market on fire’

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said. Rates for 180,000 deadweight tonne (DWT) capesize ships are set to break $10 a tonne from Australia to China in the next [...]

By | December 1st, 2017|News|0 Comments

Bunker suppliers must prepare for the death of fossil fuels in shipping

Marine bunker suppliers should anticipate that there may no longer be significant demand for fossil fuels from shipping within as little as 25 years, if not sooner, and that the sector is now on an inevitable trajectory towards a future of zero CO2 emissions. This was the message that the International Chamber of Shipping (ICS) [...]

By | December 1st, 2017|News|0 Comments

S.Korea’s Pan Ocean wins $1.8 bln deal to ship iron ore for Brazil’s Vale

South Korean shipper Pan Ocean said on Thursday that it had won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale . Pan Ocean said in a filing with the Korea Stock Exchange that the contract with Vale involved shipping iron ore [...]

By | December 1st, 2017|News|0 Comments

How will shipping revenues be affected by new accounting requirements?

The new accounting standard IFRS 15, Revenue from Contracts with Customers, comes into force from 1 January 2018. Ship owners need to make sure they understand the impact on the timing and nature of the revenues they recognise. Some forms of shipping will be more affected than others. For example, IFRS 15 does not cover [...]

By | December 1st, 2017|News|0 Comments

RIMS BV recognized by ABS and RINA as external specialist for use of drones during surveys

Robotics In Maintenance Strategies BV (RIMS) have received a certificate as a ‘Recognized External Specialist’ from ABS and RINA, for the use of Remote Inspection Techniques (drones) during surveys of enclosed spaces. This follows the recent announcement that RIMS was the first company to receive an attestation from Bureau Veritas (BV) Marine & Offshore, as [...]

By | November 30th, 2017|News|0 Comments

Noble Group to sell four ships to cut debt

Struggling commodity trader Noble Group Ltd said on Wednesday it would sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running. The company logo of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip Net proceeds from the [...]

By | November 30th, 2017|News|0 Comments

Dry Bulk Average Earnings Rise by 63% in 2017

“The stars seem to be aligned in favor of the dry bulk market” one could argue, as the fundamentals seem to be favoring a further rebound in rates. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk market has shown a remarkable recovery this year with the average earnings having increased [...]

By | November 30th, 2017|News|0 Comments

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