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Ship owners want more newbuildings

Shipowners’ appetite for newbuildings seems to be on the rise as we head into the summer. In its latest weekly report, shipbroker Allied Shipbroking noted that “this week may well have shown a slight drop in the volume of activity noted, against what we were seeing one week prior. Yet, it looks as though the levels of appetite being shown amongst ship owners is on the rise. Counter to the rumors circulating last week, we only had one new order emerge on the dry bulk front, though given the overall ...

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The European Commission has updated the European List of ship recycling facilities

On 7 May 2018, the Commission Implementing Decision (EU) 2018/684of 4 May 2018 amending Implementing Decision (EU) 2016/2323 to update the European List of ship recycling facilities pursuant to Regulation (EU) No 1257/2013has been published on the Official Journal of the European Union. The European List of ship recycling facilities was established by the Commission Implementing Decision (EU) 2016/2323pursuant to Regulation (EU) No 1257/2013on ship recycling. The purpose of the Regulation is to prevent, reduce, minimise and, to the extent practicable, eliminate accidents, injuries and other adverse effects on human ...

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Gunvor Group, Oceangold Tankers and Maas Capital Form ClearOcean Tankers JV

Gunvor Group, one of the largest physical energy trading companies in the world, has entered into a joint venture with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new ship holding company. The three partners hold an equal share in ClearOcean Tankers, which has been incorporated in Cyprus. ClearOcean Tankers has entered into shipbuilding contracts with STX Offshore & Shipbuilding Co. for four MR2 product tankers, and with Daehan Shipbuilding Co for two LR2 product tankers. All six of the contracted vessels will be delivered during the first ...

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LNG bunkering vital conduit for South Korea to comply with IMO 2020 rule

South Korea’s shipping sector is set to give a boost to LNG bunkering, with the country preparing to order its first LNG-fueled vessels to comply with upcoming global emissions rules, a senior official at the Ministry of Ocean and Fisheries said. Local companies are considering buying two LNG-fuelled 200,000 mt bulk carriers for the South Korea-Australia route, Song Young-Dal, head of the marine policy department at MOF, said. “It would be South Korea’s first order for LNG-fuelled vessels,” Song said. The government on May 17 finalized measures to promote LNG-powered ...

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Iron ore market dynamics are shifting beneath calm facade

The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it’s boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm exterior. It’s not so much that iron ore prices or volumes are expected to shift dramatically in the coming months, it’s more that structural changes ...

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Greece offers to boost resurgence of Russian shipbuilding

Athens is ready to create joint ventures for the construction and servicing of Russian ships in Greek shipyards, according to Greek prime ministerial adviser Dimitrios Velanis. Velanis, who’s an adviser on cooperation with Russia, talked to RIA Novosti ahead of the St. Petersburg International Economic Forum (SPIEF 2018). He’s a member of the Greek delegation which will participate at the forum on May 24-26. According to the official, Greece expects to ink a range of agreements on cooperation in the area of shipping, agriculture and various joint ventures. Greece has ...

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Intermodal Weekly Market Report Week 20 2018 Broker’s insight

In the last six months we have seen more than 110 reported tanker transac-tions involving tonnage larger than 32k dwt and younger than 18

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U.S. liquefied natural gas projects buoyed by China import talks

China’s interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities. The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday. There are over two dozen proposed U.S. LNG plants waiting for customer commitments to reach a final investment ...

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Allied Shipbroking – Weekly SnP Statistics Report Week 20, 2018

Allied Shipbroking – Weekly SnP Statistics Report Week 20, 2018

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Clean Air Strategy: Ports And Shipping Are Part Of The Solution, Not The Problem

The British Ports Association has responded to the Government’s Clean Air Strategy which was published today and includes requirements for all major ports in England to develop air quality plans within the next year. Commenting on the strategy, Mark Simmonds, Policy Manager at the British Ports Association, said: “Ports and shipping are part of the solution, not the problem and it is disappointing that the Government have missed the opportunity to promote shipping as the cleanest way to move freight. “Ports handle 95% of the UK’s trade and moving freight ...

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Brazilian truckers threaten grains exports as fuel protests widen

Truck drivers partially blocked roads and ports across Brazil on Tuesday in a second straight day of protests against a steep rise in diesel prices, threatening to slow delivery of grains and other goods to domestic and export markets. Thousands of trucks were parked to obstruct major roads as the protests spread to affect access to the country’s two main export ports, Santos and Paranaguá. Brazil’s government called a second meeting to discuss the issue. Brazil is a key global supplier of grains, meats, coffee, sugar, oil and iron ore ...

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Hitachi High-Tech launches a new solution for the rapid, on-site testing of sulfur in marine fuel oil

Hitachi High-Tech Analytical Science Corporation (Hitachi High-Tech Analytical Science), a Hitachi High-Technologies Corporation (TSE: 8036) wholly owned subsidiary engaged in the manufacture and sales of analysis and measuring instruments, has launched a new solution dedicated to the field-portable analysis of bunker fuel. The new X-MET8000 Optimum solution provides ship owners and port state control an alternative, portable option to benchtop XRF (X-ray Fluorescence) analysers to measure and monitor sulfur content in bunker fuel to meet the legislative requirements of the International Maritime Organisation’s global 2020 sulfur cap. The X-MET8000 Optimum ...

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MPA: Control Of Smoke Emissions by Vessels In Port

The Maritime and Port Authority of Singapore (MPA) would like to remind ship masters and owners of vessels to take all necessary measures to prevent their vessels from emitting excessive soot, ash, or dark smoke from engine exhaust and/or ancillary shipboard machineries throughout the duration of vessel stay in port. MPA takes a serious view of vessels emitting excessive smoke as it can adversely affect the air quality in the atmosphere. MPA will take sternaction against offenders. MPAwould also like to draw the attention of ship masters and owners of ...

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Wilhelmsen hits the digital turbo button

Wilhelmsen makes a strategic investment in the digital development company Dolittle, and positions itself to pull off larger and more advance digital projects going forwards. In-house digital competence is favoured over external consultants. Why does a global maritime company suddenly own digital capability? Wilhelmsen has the largest maritime network in the world, with operations in 2 200 locations. Yet, the company is still part of a largely analogue industry. The past year has, however, shown a different Wilhelmsen able to think about the future in innovative ways. Evidence of this ...

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Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. Palios with Koch

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$17,350 per day, minus a 5% commission paid to third parties, for a period of about thirteen (13) months to maximum fifteen (15) months. The charter is expected to commence on May 24, 2018. The m/v ...

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