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Is Shipmanagement Ready For Blockchain Technology?

Is the shipmanagement industry ready for the new wave of blockchain and cryptocurrency technology that is taking the world by storm? That is the question being posed by the international ship managers’ body InterManager, which will focus on this issue at its interactive Ship Management Forum next month. The conference, taking place in London on [...]

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

Capesizes’ Rates Rallied 92% in 2017, Panamaxes’ at 64%

Dry bulk shipowners had longed for this period of time for more than nine years. It was late in 2008, when the market came tumbling down, amid a halt in world trade, as a result of the aftermath of Lehman collapse and its consequences in global economy. Shipowners will tell you though, that these dramatic [...]

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

Dry bulk: Tight tonnage lifts US Gulf Coast Supramax market

Freight rates in the US Gulf Coast Supramax and Ultramax market surged this week, as a clear-out of tonnage following the Christmas holidays left charterers scrambling to fix their prompt requirements. The first signs of bullishness were felt late Monday and into Tuesday as participants reviewing their tonnage lists saw tight availability well into the [...]

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

Baltic Exchange Looking to Develop New LNG Shipping Index

Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group. The move comes as the Baltic Exchange looks to develop a new Liquified Natural Gas (LNG) Index comprising several routes for the evolving LNG shipping market. Affinity, Braemar ACM, Clarksons and SSY are the LNG [...]

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

Three reasons why maritime transport must act on climate change

For years, the transport sector has been looking at solutions to reduce its carbon footprint. A wide range of stakeholders has taken part in the public debate on transport and climate change, yet one mode has remained largely absent from the conversation: maritime transport. Tackling emissions from the shipping industry is just as critical as [...]

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

LNG as a marine fuel – tipping points, step changes, blizzards, and snowballs

As we begin a new year, this feels like a natural point for reflection on the year that’s passed, as well as some projections for the 12 months ahead. One theme that pervaded every month of 2017 for the marine industry was 2020 – the 0.5% global sulphur cap looms large and has been the [...]

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

2018 premieres with vivid newbuilding activity

Appetite for more newbuildings seems to be quite big during the first days of 2018. Allied Shipbroking said in its latest weekly report that “despite having only just returned from the Christmas holiday period, activity in the newbuilding market seemed to be holding firm, with several deals seemingly signed during the festive retreats. The main [...]

By | January 10th, 2018|News|0 Comments

Tanker Shipping is the Big Victim From OPEC’s Oil Cuts

OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents. The ships’ average earnings plunged last year by more than half to levels not seen since 2009 and far below what shipping analysts had been [...]

By | January 10th, 2018|News|0 Comments

Marine Atlantic employing all vessels to clear up backlog

Marine Atlantic is working diligently to clear up the backlog of vehicles and passengers that has plagued transportation to and from the island portion of the province since last Thursday. Hurricane force winds caused the ships that connect Port aux Basques and North Sydney to be hauled off the Gulf run. To get things back [...]

By | January 10th, 2018|News|0 Comments

Wan Hai Lines to launch China – India Service VI (CI6) Service

Wan Hai Lines is pleased to announce the launch of China – India Service VI “CI6 service” on January 24th, 2018. This new service will help to expand Wan Hai Lines network by providing direct service from East China to West India. CI6 will be jointly operated with COSCO SHIPPING Lines CO., Ltd. by using [...]

By | January 10th, 2018|News|0 Comments

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