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Gas on Ships Could Come to Europe’s Rescue

After all the craziness in Europe’s gas markets this week, some relief supplies may already be on their way from deep in the Russian Arctic. Petroliam Nasional Bhd, the Malaysian energy giant known as Petronas, is said to send the first tanker from Russia’s $27 billion Yamal LNG project to a U.K. port outside London. [...]

By | December 13th, 2017|News|0 Comments

Renewed Optimism Fuels Newbuilding Orders

Shipowners are increasingly optimistic about the dry bulk market’s future prospects, as the balance between demand and supply looks set to even out by the end of 2018, even as demolition activity is expected to be slower than usual. Additionally, in the tanker segment, aggressive pricing by shipyards has prompted more orders “while supplies last”, [...]

By | December 13th, 2017|News|0 Comments

Germany’s DZ Bank moves ahead with plans to sell DVB unit -sources

German cooperative lender DZ Bank is moving ahead with plans to sell its DVB transport finance arm, after being hit by large provisions for bad shipping loans, people familiar with the matter said. Germany’s second-largest lender after Deutsche Bank has hired Goldman Sachs to advise it on strategic options for the DVB unit, including a [...]

By | December 13th, 2017|News|0 Comments

UKHO to give ships faster access to new tidal data through ADMIRALTY TotalTide

The United Kingdom Hydrographic Office (UKHO) is introducing regular tidal data updates to ADMIRALTY TotalTide (ATT) as part of ADMIRALTY Digital Publications (ADP) Version 18 in December 2017. ATT helps mariners to make fast, accurate tidal height and tidal stream predictions for more than 7,000 ports and 3,000 tidal streams worldwide. Version 18 will allow [...]

By | December 13th, 2017|News|0 Comments

Tankers: Shell probing claims of unethical freight dealings in Singapore, say sources

Global energy major Shell is investigating claims of unethical dealings including charges of corruption in its tanker chartering team in Singapore and at least one employee has been asked to take leave pending further investigation, sources familiar with the developments have told S&P Global Platts. It all started a few weeks ago when one member [...]

By | December 13th, 2017|News|0 Comments

BIMCO: US crude oil exports now more important to shipping than US oil product exports

The United States (US) government lifted their restrictive policy on crude oil exports in December 2015. In September and October 2017, increased demand from Asia and Europe has caused US seaborne export of crude oil to surpass the US seaborne export of oil products in terms of billion tonne miles. This is due to US [...]

By | December 13th, 2017|News|0 Comments

VLCC Tanker Market Hits the Rocks

The VLCC market sentiment was firmly in negative territory this week as fundamentals continued to sour said shipbroker Charles R. Weber in its latest weekly report. “In the Middle East market, cargo volumes during the first two decades of the December program have come in below expectations, raising concerns that the final decade will not [...]

By | December 12th, 2017|News|0 Comments

Apeejay Shipping adds new ship to its Fleet

Apeejay Shipping Limited, an Apeejay Surrendra Group company, today announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build. The ship is renamed ‘APJ ANGAD 2’. The acquisition takes its total fleet capacity to 5,18,018 MT DWT with an average fleet age of 12.5 years. Earlier in September, the company acquired 74,107 MT [...]

By | December 12th, 2017|News|0 Comments

Dry Bulk FFA: Supramax Market Looking Bullish

Supramax Index- Technically bullish we have concerns regarding the recent market pullback and the potential Elliott wave formation. • Dec – This technical is starting to weaken having made a lower low after an aggressive two day pullback. Needs to produce fresh market highs to regain bullish momentum. • Q1 – Technically neutral as price [...]

By | December 12th, 2017|News|0 Comments

A Caution From the World’s Biggest Shipping Line

The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery. Decade-old oversupply issues swamped demand for containerized sea trade in the third quarter, a senior official at Maersk Line Ltd. said in an interview last week. [...]

By | December 12th, 2017|News|0 Comments

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