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Global Grain Trade: A Multiplayer Game

Global grain trade, including wheat, coarse grains and soybeans, is set to exceed 500mt in the 2017/18 crop year, having grown by a CAGR of 4% since 2000/01. While exports are dominated by a small number of countries (the US and Brazil accounted for c.50% in 2016/17), imports are regionally very diverse. As in other [...]

By | February 21st, 2018|News|0 Comments

Shell to charter and fuel two LNG powered Aframax tankers

SCF Group (PAO Sovcomflot) has signed time-charter agreements with Shell for two dual-fuelled Aframax tankers, which mark a historic turning point that set new environmental standards for the global tanker industry. At a ceremony held yesterday during International Petroleum Week in London, the time charter agreements were signed by Evgeny Ambrosov, Senior Executive Vice-President of [...]

By | February 21st, 2018|News|0 Comments

Dry bulk shipper Golden Ocean boosts dividend after Q4 beat

Dry bulk shipper Golden Ocean proposed a bigger than expected dividend for the fourth quarter on the back of forecast-beating results on Tuesday, and reiterated the market was getting better. The company, controlled by Norwegian-born billionaire John Fredriksen, returned to profit in the third quarter thanks to improving market conditions and demand for renting ships. [...]

By | February 21st, 2018|News|0 Comments

Maersk says to compete with UPS, Fedex as conglomerate breaks up

A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday. Maersk, the world’s largest container shipping company, has sold off the majority of its energy assets to focus entirely on transport and logistics. “We’re [...]

By | February 21st, 2018|News|0 Comments

Dry Bulk Shipping: Q1 Requires Careful Handling As Seasonal Cargo Demand Drops

Demand The first quarter of any year always represents a challenge for the shipping industry, with fewer cargoes being tendered and Chinese New Year in February creating recurring business issues. In terms of freight rates, the positive development that characterised most of the second half of 2017 came to a sudden end on 12 December [...]

By | February 21st, 2018|News|0 Comments

LNG Shipping: GasLog Positive About Long Term Prospects, Despite 2018 Seasonality

LNG ship owner GasLog remains optimistic about the sector’s long term prospects, although it warned investors that 2018 is expected to exhibit signs of seasonality in the spot market. In its latest market outlook, GasLog said that “the fourth quarter of 2017 witnessed the start-up of Chevron’s Wheatstone LNG project in Australia, Novatek’s Yamal Train [...]

By | February 21st, 2018|News|0 Comments

Further class approval for Drone inspection of confined spaces for RIMS from KRS expands options for shipowners for shipowners

RIMS (Robotics In Maintenance Strategies) have secured a further class approval from Korean Register of Shipping (KRS) for the use of Remote Inspection Techniques (drones) during surveys of enclosed spaces. The KRS certification for the use of Remote Inspection Techniques (drones) during surveys of enclosed spaces, adds to the now highly impressive portfolio of class [...]

By | February 20th, 2018|News|0 Comments

The SIT – Scale, Integration and Technology – Era of Shipping and Logistics’ in India.

In the following paper, A&M and BCCI has come up with key ideas which will dominate Shipping and Logistics in the next 3-5 years. These are applicable across the spectrum of logistics from Shipping to last mile delivery. The five themes are as follows: • “Organized logistics market size” will be around USD 50 BN [...]

By | February 20th, 2018|News|0 Comments

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