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Manning costs rising on trade recovery and officer supply shortage

Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall in officer numbers, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry. Manning costs have risen moderately in 2018 following several years of stagnation as a recovery in [...]

By | 2018-07-06T04:23:59+00:00 July 6th, 2018|News|0 Comments

World’s Biggest Shipping Market Booms as Trade War Shrugged Off

Will somebody please tell commodity shippers there’s a trade war going on? Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may [...]

By | 2018-07-06T04:20:17+00:00 July 6th, 2018|News|0 Comments

PwC: How fleet size, corporate profile and strategy are deciding factors in selecting an appropriate financing strategy

The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current period of volatile global markets, renewed fears of protectionism and trade wars and the possibility of new technologies disrupting traditional industries, such as shipping, were some of the issues discussed with shipowners and shipping finance experts during the Shipping [...]

By | 2018-07-06T04:17:38+00:00 July 6th, 2018|News|0 Comments

WinGD celebrates milestone order for 100th X-DF engine

Only five years after the launch of the X-DF engine, WinGD is pleased to announce they have secured an order for their 100th X-DF engine. The award-winning technology developed by WinGD has demonstrated, on tests and engines currently in operation, that it offers stable combustion, inherently low NOx and greenhouse gas emissions and high overall [...]

By | 2018-07-05T08:01:31+00:00 July 5th, 2018|News|0 Comments

KPI Bridge Oil promotes Chandris to Senior Bunker & Lubricant Consultant.

5thJuly 2018 – KPI Bridge Oil, a leading global trader and broker in marine fuels, marine lubricants and risk management products, announces the promotion of Isidoros Chandris to Senior Bunker & Lubricant Consultant. Isidoros joined KPI Bridge Oil’s London office as a Bunker & Lubricant Trader in 2014, and relocated to the Group’s Athens office [...]

By | 2018-07-05T06:50:37+00:00 July 5th, 2018|News|0 Comments

Trade wars threaten to derail container revival

The risk to container shipping from US-led trade wars is currently low, but potentially very damaging, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry. “In the March report we said that we were hopeful of a peaceful resolution, but at this point in time we must accept that [...]

By | 2018-07-05T04:53:58+00:00 July 5th, 2018|News|0 Comments

Dry Bulk Market: Where to From Here for The Capesize Segment?

A less than impressive first half for the capesize segment, leaves ship owners with mixed feelings ahead of what’s expected to be a crucial second part of the year, which is filled with challenges, most notably the looming trade war between USA, China and the EU. In its latest weekly report, Allied Shipbroking noted that [...]

By | 2018-07-05T04:52:17+00:00 July 5th, 2018|News|0 Comments

Paris MoU Notes Rise of Ships Detained in its Latest Annual Report

In 2017 it was 35 years ago that the Memorandum of Understanding on Port State Control was signed by 14 countries. Since then the agreement has expanded to 27 members and was renamed to Paris Memorandum when other MoUs emerged. Over the past three years 62 ships have been banned for multiple detentions and three [...]

By | 2018-07-05T04:49:40+00:00 July 5th, 2018|News|0 Comments

Dirty tankers: OPEC boosts crude oil output but excess tonnage remains

Freight rates have risen over the last quarter on VLCCs and Suezmaxes. However, there have been supply-side shocks which threaten to reduce tonne-mile demand and though more vessels have been sold for scrap, excess tonnage is still an issue for the dirty tanker market. VLCC rates have risen steadily over the last three months and [...]

By | 2018-07-05T04:46:36+00:00 July 5th, 2018|News|0 Comments

Vessel carrying U.S. coal to China switches destination to Singapore -Eikon data

A vessel carrying a shipment of coal from the United States switched its destination to Singapore on Wednesday afternoon from China, according to ship tracking data, amid an escalating trade row between the world’s top two economies. The cargo was loaded on the Navios Taurus in Mobile, Alabama, on May 28 and had been due [...]

By | 2018-07-05T04:45:07+00:00 July 5th, 2018|News|0 Comments

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