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| Wednesday, 20 April 2016 |
| HHI lost $523m on delayed orders |
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| Scale of problems suffered by Korean yard in 2015 revealed.... |
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| Wednesday, 20 April 2016 |
| Dae Sun targets coastal ferries in slump |
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| Korean shipbuilder diversifying to ride out the downturn.... |
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| Tuesday, 19 April 2016 |
| Singapore ranked #1 by Fleet Value per Capita |
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| Singapore ranked #1 by Fleet Value per Capita By Craig Jallal, Senior Data Editor – VesselsValue This week is Singapore Maritime Week 2016, when the city-state celebrates its role as the major hub for shipping in the region. Singapore has good reason to celebrate: according to mapping, ship search and valuation provider, VesselsValue, Singapore owners [...]... |
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| Tuesday, 19 April 2016 |
| Cheap oil slows appetite for LNG as alternative shipping fuel |
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| Low oil prices are denting the take-up of liquefied natural gas as a cleaner source of energy to power ships, and it will be a few more years yet before the fuel makes serious inroads into the marine bunker market. The global shipping sector is under pressure from governments to reduce harmful emissions from vessels, ...... |
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| Tuesday, 19 April 2016 |
| Saudi tanker owner Bahri sees earnings increase |
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| The increase in net income for the current quarter compared to the corresponding quarter is mainly due to: – An increase in operating revenues as a result of buying and receiving several VLCCs. – Increase in average Time Charter Equivalent (TCE) rate in crude oil transportation spot market during the current quarter compared to the ...... |
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| Tuesday, 19 April 2016 |
| Container Ship Safety Forum (CSSF) continues its growth |
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| With Dubai (UAE) based United Arab Shipping Company (S.A.G.) and Seaspan Ship Management Ltd., Vancouver (Canada), two more major players within the Container Shipping Industry have joined the Forum recently, increasing the number of CSSF members to thirteen. Further, the former membership of Univan Ship Management is continued by the Anglo-Eastern Univan Group from Hong ...... |
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| Tuesday, 19 April 2016 |
| The World Maritime Day theme for 2016 is “Shipping: indispensable to the world” |
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| This year’s theme for World Maritime Day is “Shipping: indispensable to the world”. The theme was chosen to focus on the critical link between shipping and global society and to raise awareness of the relevance of the role of IMO as the global regulatory body for international shipping. The importance of shipping to support and ...... |
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| Tuesday, 19 April 2016 |
| Gasoil 0.1% sulfur FOB barges at parity with CIF NWE cargoes on tight supply |
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| Gasoil 0.1% sulfur FOB Amsterdam-Rotterdam-Antwerp barges have risen to parity with CIF Northwest European cargoes for the first time this year, supported by a lack of material available in tanks, sources said. Gasoil 0.1% sulfur FOB barges’ spread to front-month low sulfur gasoil futures rose $4/mt Friday to minus $5.75/mt, Platts Market Data showed. While ...... |
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| Tuesday, 19 April 2016 |
| Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 15, 2016 |
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| Prices remained more-or-less steady in the sub-continent during last week, with Bangladeshi buyers taking once more the lead. While high profile purchases of large ldt vessels did not materialise (mostly Source: Athenian Shipbrokers S.A... |
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| Tuesday, 19 April 2016 |
| China’s biggest LNG carrier launched in Shanghai |
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| China’s biggest liquified natural gas carrier has been launched in Shanghai. The ship will carry about 1.5 million tons of LNG from Australia to China every year. A landmark after two year’s hard work. China’s biggest liquified natural gas carrier was launched in Shanghai on Friday. As the world’s top energy consumer, China wants to ...... |
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