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The Orderbook: Covering The Basics

18/04/2014
Between the start of October 2008 and start of April 2013 the global orderbook declined 55% in CGT terms. Following this, the orderbook has grown 12% to 5,086 vessels of 108.0m CGT, as of 1st April 2014. This month’s Shipbuilding Focus looks at the size of the global orderbook and what this means for yards.

What’s on the Book?

Shipping and directed sales: the end (almost)

18/04/2014
In the current economic climate, many mortgagees have considered the possibility of court sales of mortgaged ships. A court sale in a recognised admiralty jurisdiction results in title to the ship passing to the buyer free of all claims, liens and encumbrances, accruing up to the date of the court sale. Favourable jurisdictions for ship mortgage enforcement include

Cross-Mediterranean clean freight rates at 5-month low on ample tonnage

18/04/2014
Cross-Mediterranean clean tanker freight rates on a 30,000 mt basis were assessed by Platts at a five-month low of

Shipping Issues Arising Out Of The Ukraine Crisis

18/04/2014
The situation in Ukraine remains fluid and, with events moving quickly, very little is certain. Attention is focused on the Crimea with rumours in early March of Russian

Intesa Sanpaolo and Vei Capital take a stake in RINA

18/04/2014
Intesa Sanpaolo – through the Merchant Banking Management of its Corporate and Investment Banking Division – and VEI Capital  -

Ship Billionaires Unite to Compete With Maersk

18/04/2014
Hapag-Lloyd AG agreed to buy most of Chilean rival Cia. Sud Americana de Vapores SA’s assets and become the fourth-largest container shipping company in the

InterManager welcomes new protection for seafarers – The "Heart and Soul" of a ship

18/04/2014
InterManager, the international trade association for the ship management industry, has welcomed

Asia Fuel Oil-May/June timespread widens to more than 7-mth low

18/04/2014
The May/June timespread, or price difference between May and June loading 380-cst cargoes, widened to a more-than-seven month

Green Shoots Appear in the Shipping Market

18/04/2014
It would appear that shipping stocks are back in play as the Baltic Dry Index, or BDI for short, trends higher, bringing stocks like Diana, DryShips and Navios Maritime

Seacurus calls for speedy implementation of MLC amendments

18/04/2014
Specialist marine insurance intermediary Seacurus has welcomed the agreement to include in the Maritime Labour Convention

4 MOL-operated/managed Vessels Selected as 2013 "Best Quality Ships"

18/04/2014
Mitsui O.S.K. Lines, Ltd. yesterday announced that the following four MOL-operated and managed vessels were

Maersk Line struggling to fill mega container ships

18/04/2014
The Danish shipping giant Maersk Line is having trouble loading up its new Triple-E mega container ships to

CMA CGM Group is strengthening its presence in Madagascar

18/04/2014
Since the creation of CMA CGM Madagascar in 2003, the CMA CGM Group, the world’s third largest container

NAUTIS FMB Simulator delivered to Maritime Academy of Nigeria

18/04/2014
A NAUTIS Full Mission Bridge Simulator was purchased and delivered to the Maritime Academy of Nigeria in Oron.

Global unions applaud NZ ‘slave ships’ progress

18/04/2014
Global unions the ITF (International Transport Workers' Federation) and IUF (International Union of Food,

The risks associated with marine information technology

17/04/2014
Speaking today at Lloyd’s of London, Bernard Twomey and Jonathan Earthy of Lloyd’s Register addressed

GAIL plans $6 bln mega tender for 9 LNG ships to transport US gas

17/04/2014
GAIL (India) Ltd will soon hit the market to hire nine liquefied natural gas carriers in a deal that could

High US Gulf Coast crude stocks spark talk of barge conversions

17/04/2014
Talk of barging crude from the US Gulf of Mexico up to the East Coast is gaining traction as oil inventories

ClassNK Approves New Super-Efficient Fillet Welding Consumable

17/04/2014
Leading classification society ClassNK announced that it has granted type approval for the new MX-200F

Crashes in crucial U.S. crude waterway hit 10-year low

17/04/2014
Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more
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