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Singapore 500 ppm sulfur gasoil cash differential sinks to record low on new pricing basis

The FOB Singapore 500 ppm sulfur gasoil cash differential sank to a record low based on the new 10 ppm sulfur gasoil pricing basis at a discount of $1.54/b to the Mean of Platts Singapore Gasoil assessment at the close of Asian trade Tuesday. It is the lowest the 500 ppm sulfur grade has been [...]

By | 2018-07-05T04:41:13+00:00 July 5th, 2018|News|0 Comments

Dry Bulk Newbuildings In Focus

Ship owners are looking for investment opportunities in the dry bulk market, as they are waiting for the market to make a full recovery in the coming months. Over the course of the past week, according to the latest weekly report from shipbroker Allied Shipbroking, “things sparked back to life on the newbuilding front, at [...]

By | 2018-07-04T04:30:11+00:00 July 4th, 2018|News|0 Comments

Overview Of The Trade War And The Effect On Shipping

The trade war is a speeding train, accelerating with every trade-restrictive retaliatory measure imposed and becoming ever more difficult to stop. The long-term effect provides uncertainty and could possibly derail current global growth if the measures are kept or further escalated. Even though the world’s three largest economies are involved, the effect on shipping, in [...]

By | 2018-07-04T04:26:47+00:00 July 4th, 2018|News|0 Comments

Korea Ocean Business Corporation to be launched on July 5

Korea Ocean Business Corporation will be launched on July 5 to support Korea’s ailing shipping industry. It is established to follow through on President Moon Jae-in’s campaign pledge to revitalize the shipping industry, which was on the verge of breakdown following the bankruptcy of Hanjin Shipping. The Ministry of Maritime Affairs and Fisheries officially appointed [...]

By | 2018-07-04T04:22:50+00:00 July 4th, 2018|News|0 Comments

LR1 Tankers, Handysize Bulkers and Panamax Containers: Q2 Forecast winners

The price of prime aged vessels is expected to rise over the next two years. Putting extended trade disputes aside, most market segments have favorable tailwinds. The contraction of yard capacity is expected to support the replacement value of ships, while short term earnings have either bottomed, or started to recover in most markets. The [...]

By | 2018-07-04T04:20:36+00:00 July 4th, 2018|News|0 Comments

Using ‘genuine zero CO2? bunker fuels key to IMO emission goals in shipping: ICS

The ultimate goal of zero greenhouse gas emissions can only be delivered with “genuine zero CO2 fuels” as the greater use of LNG and biofuels is likely to present only an interim solution to meeting the International Maritime Organization’s emissions reduction target, the International Chamber of Shipping said. In April, a key committee of the [...]

By | 2018-07-04T04:12:48+00:00 July 4th, 2018|News|0 Comments

Seanergy Maritime Holdings Corp. Reports 60% Net Revenue Increase During First Quarter, Limits Losses

Seanergy Maritime Holdings Corp. announced yesterday its financial results for the first quarter ended March 31, 2018. For the quarter ended March 31, 2018, the Company generated net revenues of $21.3 million, a 60% increase compared to the first quarter of 2017. As of March 31, 2018, stockholders’ equity was $37.2 million and cash and [...]

By | 2018-07-04T04:09:27+00:00 July 4th, 2018|News|0 Comments

Trans-Atlantic Crude Spread Gets Squeezed

The US crude export market continues to boom with the latest preliminary weekly estimates from the US Energy Information Administration (EIA) showing a record 3.0 million b/d. The main driver continues to be a wide discount for WTI crude versus other global benchmarks as North American crude supply growth outpaces demand, projected at 15.7 million [...]

By | 2018-07-03T04:16:16+00:00 July 3rd, 2018|News|0 Comments

Product Tankers Enter Challenging Market Conditions’ Mode

The product tanker market is up against some challenging conditions and owners are likely to have to be more patient in the wake of some not favorable conditions. In its latest weekly analysis, shipbroker Charles R. Weber commented that “Product export volumes from PADD3 (USG) bound for Brazil have been trending directionally lower over the [...]

By | 2018-07-03T04:12:32+00:00 July 3rd, 2018|News|0 Comments

Task force set up to combat marine pollution, judicial commission told

The Sindh chief secretary on Saturday informed the Supreme Court-mandated commission on water and sanitation in the province that a task force had been formed to take measures to minimise marine pollution. He further said that the secretary for fisheries was the chairman of the task force/working group while other stakeholders from the provincial and [...]

By | 2018-07-03T04:10:04+00:00 July 3rd, 2018|News|0 Comments

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