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Asia Dry Bulk-Capesize rates hit 3-year high, to remain firm on ship shortage

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, could stay around the current levels or nudge slightly higher if shortage of vessels for prompt hire continued, brokers said. “It’s a good lead up to Christmas for the capesize market,” a Singapore-based capesize broker said on Thursday. [...]

By | December 8th, 2017|News|0 Comments

Dry Bulk FFA: Capesize Market Looking Bullish For the First Quarter of 2018

Capesize Index appears to be technically bullish above USD 20,626. However at USD 13,000 above the 200 period MA we are starting to look over extended. • Dec – A bullish trending environment but a large mean reversion gap with the 50 period MA is a concern. Market sellers should remain cautious with price action [...]

By | December 8th, 2017|News|0 Comments

Dry bulk: USGC Supramax freight rates hit 2017 high on rush to fix before Christmas

Supramax freight rates from the US Gulf Coast reached year-to-date highs on Wednesday, buoyed by a rush of activity as participants with December cargoes and vessels sought to fix ahead of the Christmas period. While fixing will continue over the holidays, activity traditionally slows to a trickle, leaving many participants looking to fix well in [...]

By | December 8th, 2017|News|0 Comments

First China-made ‘smart’ ship debuts in Shanghai

China’s first ‘smart’ ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai on Dec 5. The 179-meter-long ship, Great Intelligence, is 32-meters-wide and 15-meters-high, with a maximum loading capacity of 38,800 tonnes. It is installed with SOMS, a China-Developed marine system with autonomous learning ability and intelligent operation system. It can [...]

By | December 7th, 2017|News|0 Comments

ABS Executive Lays out Vision for Future of Shipping

ABS, a leading provider of classification services to the global marine and offshore industries, participated in the 2017 Marintec China conference in Shanghai, China, where ABS Executive Vice President for Global Marine Dr. Kirsi Tikka chaired a panel session on the marine industry’s journey to autonomy and the collective benefits realized along the way. “With [...]

By | December 7th, 2017|News|0 Comments

BMT Awarded New Funding for Autonomous Navigation

BMT will take the lead in a new £1.2million research project funded by Innovate UK, the UK’s innovation agency. Collaborating with ASV Global and Deimos Space UK, BMT will seek to address the challenge of how traditional manned vessels can co-exist with autonomous systems in shared water space. Deimos Space UK, the British subsidiary of [...]

By | December 7th, 2017|News|0 Comments

Shell Marine Secures Big Ship Commitment From Cosco Shipping

Shell Marine has recently been awarded China Ocean Shipping (Group) Company’s (COSCO SHIPPING) largest marine lubricants order in 2017. This order will include the full range of marine lubricants and technical services for seven out of COSCO SHIPPING’S 10 new generation Ultra Large Container Carriers (ULCCs) with capacities of approximately 20,000 TEUs each, ordered in [...]

By | December 7th, 2017|News|0 Comments

Distillate Imports to the US Atlantic – A Boost For Clean Tanker Rates

US Distillate inventory levels on the US Atlantic coast are below their five-year range, and the home heating oil season has started in the key PADD 1A region of New England. Heating oil is used extensively in this region due to the decentralized housing infrastructure that makes heating oil delivery the most economical choice for [...]

By | December 7th, 2017|News|0 Comments

Istanbul bunker fuel premium to benchmark at six-week high despite moderate demand

The premium of bunker fuel at Istanbul over the regional high sulfur fuel oil benchmark has reached its highest point in six weeks amid a soft HSFO market, sources said. “December is very, very long on components and finished grade,” an HSFO trader said. The large volume of M100 coming from Russia has contributed to [...]

By | December 7th, 2017|News|0 Comments

ABB launches sequential turbocharging system

Greater flexibility and lower fuel consumption for vessels with two-stroke main propulsion. ABB Turbocharging announces its latest technology development, the Flexible integrated Turbocharging System for Two-Stroke Engines (FiTS2) at Marintec China, December 2017. The new sequential turbocharging system allows maximum fuel savings for two-stroke engines at part and low load, and at the same time [...]

By | December 6th, 2017|News|0 Comments

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