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So far Matrix Owner has created 468 blog entries.

Maersk profit miss puts CEO’s shipping route under scrutiny

A.P. Moller-Maersk’s decision to focus on transport and jettison oil was put under pressure on Friday as the world’s largest container shipping firm missed profit forecasts. Although Maersk’s chief executive Soren Skou said he remained positive about the outlook for global trade, the company’s shares was down 2.9 percent to 10,060 Danish crowns by 0925 [...]

By | February 12th, 2018|News|0 Comments

Tumbling Mediterranean bunker fuel prices fail to entice buyers

Bunker prices in the Mediterranean have plunged over the week in tandem the ICE Brent futures, but buyers remain reticent. “As the market has edged down, the inquiries have been fewer and fewer,” a supplier said. Front-month ICE Brent futures have fallen back from a more than four-year high of over $71/b in late January. [...]

By | February 12th, 2018|News|0 Comments

Number of jet vessels diverting across Atlantic nears double figures

The number of vessels carrying jet fuel diverting across the Atlantic to the US and Caribbean is close to double figures, as an eighth vessel joins the list, data from S&P Global Platts trade flow software cFlow showed. The Torm Supreme, a 49,999 dwt vessel, left Yanbu on January 14, via Algeciras, destined for Yorktown [...]

By | February 12th, 2018|News|0 Comments

Zero-Emission Vessels 2030. How do we get there?

LR and University Maritime Advisory Services (UMAS) released ‘Zero-Emission Vessels 2030’ in December 2017, a study aiming to demonstrate the viability of zero-emission vessels (ZEVs) – identifying what needs to be in place to make them a competitive solution for decarbonisation. The first milestone in the IMO greenhouse gas (GHG) Roadmap is approaching: MEPC 72 [...]

By | February 9th, 2018|News|0 Comments

Baltic index rises for third day on higher Capesize rates

The Baltic Exchange’s main sea freight index inched up for the third straight session on Thursday as higher capesize rates offset weakness across all other vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, was up 9 points, or 0.82 percent, at [...]

By | February 9th, 2018|News|0 Comments

Coal buyers spooked by Indonesia’s new shipping rules -Assoc

Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday. Jakarta issued rules in October requiring coal and palm oil exporters to use Indonesian-flagged vessels and Indonesian insurance [...]

By | February 9th, 2018|News|0 Comments

Slide2Open Shipping Finance Conference 2018: The way forward

Not too long ago, shipowners only had to know the broad concepts of a first preferred ship mortgage and would secure a shipping loan on a handshake; for more ambitious among them, the capital horizon was broad enough to include IPOs. Today shipping finance has evolved, bringing new terms in the shipping vocabulary and new [...]

By | February 9th, 2018|News|0 Comments

Demolition Activity Stagnates, Trigerring Fears of a Slower Shipping Market Recovery

With the fragility in the dry bulk market’s recovery already noted and the rebound in the tanker market both hinging in solid levels of ships’ scrapping, as well as newbuilding delivery delays and slippages, the demolition activity so far in 2018 doesn’t seem to bode well for the future. In its latest weekly report, shipbroker [...]

By | February 9th, 2018|News|0 Comments

9th Maritime Employee Survey reveals rising confidence in shipping industry employment prospects

Shore-based shipping industry employees around the world feel slightly more positive about their employment prospects and are less likely to seek new positions in the near future according to research conducted by leading international maritime recruiter Halcyon Recruitment and online training provider Coracle. Just over half (56%) of the (2,863 respondents) indicated concern over job [...]

By | February 9th, 2018|News|0 Comments

Top 10 global fleets worth $516 billion

With no African nation making the ranking of ship owning nations, the latest report by Vessel Value has estimated the top 10 global fleets at $516 billion. Topping the list is Greece, with an owned fleet worth about $100 billion, followed closely by Japan and China, worth $89 billion and $84 billion respectively. According to [...]

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

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