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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

Tankers: Worldscale flat rates set to fall at Russia’s Novorossiisk

Worldscale flat rates are set to fall for voyages to and from the Russian port of Novorossiisk, the Worldscale Association said Tuesday. “In light of recent information received regarding a revised port tariff structure the Associations find it necessary to revise all rates involving loading or discharging at Novorossiisk and amend the Novorossiisk Variable Rate [...]

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

2019 Ship Values – What Types Have The Largest Potential Upside

Using VesselsValue’s Future Market Value module, older tonnage looks to increase by the largest percentage from Q1 2018 – Q1 2019. Topping the list are 15 year old Handysize Bulkers, which are predicted to increase in value by 33%, from $8.92 million in Q1 2018 to a forecasted value of $9.73 million in Q1 2019. [...]

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

Shipping’s Digital Expectations in 2018

One of the most commonly misunderstood aspects of technology change is that it’s disruptive. It’s a myth. The best technologies integrate seamlessly. Not only because they’re better, but because they are reflection of an unmet market need. However, technology adoption alone won’t drive digital transformation. Moving to digitised operations and automating processes will drive efficiency [...]

By | January 9th, 2018|News|0 Comments

BunkerEx: Analysing the BIMCO Bunker Contract

“Should I use the BIMCO contract for my bunker purchasing?” As brokers, this is a question we are asked more and more as time goes on. So we thought it best to write about the more interesting clauses of the contract, based on our experience. Below we explain what BIMCO is and discuss the more [...]

By | January 9th, 2018|News|0 Comments

VLCCs: 2018 Marks Tough Start for Tanker Owners

Hot on the heels of a troublesome 2017, the new year has proven to be just as challenging for owners of the largest tankers. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates continue to sour as the market progressed into 2018 as rising levels of surplus availability in the key [...]

By | January 9th, 2018|News|0 Comments

Anti-piracy mission helps China develop its blue-water navy

China’s 27th and 28th naval escort task forces have recently completed their mission handover in the Gulf of Aden. Anti-piracy operations by the People’s Liberation Army Navy (PLAN) have become a constant in the area. And this has both immediate and long-term strategic implications for Beijing’s military projection away from its traditional perimeter of action [...]

By | January 9th, 2018|News|0 Comments

Three investors place bids for Germany’s HSH Nordbank – source

Three private-equity investors have submitted bids for German state-backed HSH Nordbank [HSH.UL], a person familiar with the matter said, as the EU-enforced privatization of the lender is nearing the finishing line. Buyout groups Apollo (APO.N), Socrates and a consortium of private equity firms Cerberus CBS.UL and J.C. Flowers who already owns about 5 percent of [...]

By | January 9th, 2018|News|0 Comments

NWE, Persian Gulf ULSD vessels change course on less attractive US arbitrage

Vessels heading to the US and Caribbean with ultra low sulfur diesel from the Baltics and the Persian Gulf have reversed course after the arbitrage, which some sources had said was challenging in the first place, faltered. The Amalia, a Primorsk-loaded Long Range 1 tanker initially headed to the Caribbean, double-backed on itself to discharge [...]

By | January 9th, 2018|News|0 Comments

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