Home / Tag Archives: Tops (page 4)

Tag Archives: Tops

Dry Bulk Market: Demand Will Save the Day

The dry bulk market is about to face a significant challenge in the coming months, given the fact that the current fleet statistics and the looming orderbook numbers aren’t painting a pretty picture anymore. Thus, shipbrokers like Allied Shipbroking are looking towards the demand side of things for any sort of sustainable recovery of the segment moving forward. In its latest weekly report, Allied said that “the first half of 2019 has been an interesting period for the dry bulk industry, as sentiment in the market has fluctuated tremendously during ...

Read More »

Dispute’s reach includes deals

Growing tension between China and the US has resulted in a dampened appetite for deals, professional services company Ernst & Young (EY) has said. In a research note, EY claimed that although agreements are still going on, there are less of them — and they are occurring for less money than previously. The US-China dispute’s dampening of pact hunger especially concerns big cross-border acquisitions, the firm states. However, EY noted that businesses are continuing to make tactical moves and Europe and Southeast Asia are taking centre stage as China tries ...

Read More »

Influencing Skipper behaviour reduces fuel expense by up to 25% and reduce vessel emissions

To demonstrate potential cost savings for vessel/fleet owners commonly implemented in the land Fleet Management industry through use of AST’s Intelligent Remote Asset Management System (iRAMS) telemetry to monitor vessel parameters, and influence skipper behaviour to drive down operating costs and reduce environmental emissions. Fifteen years of land fleet management telemetry has shown cost savings in the transport industry and the experience learnt can be applied to the maritime sector with iRAMS telemetry. WHAT WE DID A CTV vessel was identified, via the iRAMS alerting feature, that was clearly using ...

Read More »

Containers and Tankers the Main Candidates for Ship Recycling

With Ramadan now over, the ship recycling market is bound to pick up steam once more, with brokers claiming that containers and tankers will likely be the main candidates for sales. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “for the first time this year, we are seeing the Indian market leading the way in the sub-continent as Prime Minister Modi’s general election win brought some renewed confidence back to the market amid the quieter and rather sullen created by the Ramadan period. It would be expected ...

Read More »

Climate emissions cap challenges ship owners

Regulation limiting sulphur oxide emissions from 2020 is likely to be a game-changer for the shipping industry, with wide-ranging implications for cost, compliance and crew. It even brings the potential for an increase in the number of machinery damage claims and incidents, if not well-managed. On October 26, 2018, the International Maritime Organization (IMO) officially adopted its pollution prevention treaty, MARPOL Annex VI, which will cap sulphur oxide emissions for shipping to just 0.5%, down from today’s 3.5%, effective January 1, 2020. The mandatory rules require ship owners to switch ...

Read More »

ABS Draws Industry and Academia Leaders to Greece to Analyze Decarbonization and Technology in Shipping

The role of technology in Shipping and the Journey to IMO 2050 were debated at an ABS event which included leaders from the Union of Greek Shipowners (UGS), the Massachusetts Institute of Technology (MIT), Chevron Shipping Company and Clarkson Research Services Ltd. “Rapid change and complex challenges characterize today’s maritime world. We need a safe and sustainable transition to a low carbon business model with a platform for growth. To achieve it, we will need new fuels, new approaches to vessel design and operation – and nothing less than a ...

Read More »

Tankers For Newbuildings and Bulkers for Second Hand Acquisitions

Ship owners are looking for tankers when it comes to newbuilding investments, and bulkers when it comes to second hand ships. At least, this has been the main trend over the course of the past few weeks. In its latest weekly report, shipbroker Banchero Costa said that “Avin International of Greece has placed an order for 2 Suezmax tankers of around 158,000 dwt at Hyundai Heavy. Price level is around $64 mln including Tier III and Scrubber fitted for delivery early 2021. Two Suezmax options were declared by Kyklades Maritime ...

Read More »

Loss trends – Larger vessels bring bigger losses

Over the past 50 years container ships have increased in capacity by almost 1,500%, although many of the risk concerns with them are also applicable to cruise ships, car carriers and other large vessels. In many respects, such vessels are safer and the frequency of shipping losses overall has steadily declined over the past decade. However, the cost of incidents has been increasing, driven in large part by the cost of claims involving large vessels. For example, data from the Nordic Association of Marine Insurers (Cefor) has previously shown that ...

Read More »

DNV GL releases update to bulk liquefaction guideline

Classification society DNV GL has released an updated version of its bulk liquefaction guideline at the Nor-Shipping trade fair this week. The guideline covers both the design and operation of vessels with bulk cargoes that may liquefy, and has already contributed to raise the awareness of the risks of cargo liquefaction on ships. The first version of the guideline was issued in October 2015. The revision takes into account feedback from many readers and new practical experience gained over the past several years. Material has been added to help better ...

Read More »

After Dry Bulk and Tanker Markets, the US-China Trade War is Impacting LNG Shipping As Well

Despite more than positive predictions at the start of 2019, regarding the future prospects of the US LNG exports, unfortunately, Trump’s trade war with China has caught up, complicating things for US LNG exporters, who are now being forced to find other buyers. Last December, the EIA (US Energy Information Administration) carried a report, declaring that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, ...

Read More »

Sailing into a climate-challenged future – is shipping able to cope?

2018 can be viewed as the year of pivotal climate action when the world started demanding change. The global warming debate intensified when the Intergovernmental Panel on Climate Change (IPCC) reported that surpassing the 1.5 degrees rise in global temperature carries huge risks for humans and nature alike. Global emissions need to be lowered dramatically and the maritime industry has a significant stake in making it happen. This is a call that rings true with Wärtsilä as the corporation’s purpose is to enable sustainable societies with smart technology. Initiating ‘An ...

Read More »

Manning costs to rise below inflation on easing officer supply shortfall

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry. Manning costs rose for a second successive year in 2019 but the pace of growth remains moderate and well below the prevailing rate of price inflation. Meanwhile, the shortfall in available officer numbers relative to demand has declined close to equilibrium and is expected ...

Read More »

Regulatory Uncertainty to Become the Norm for Shipowners in the Years to Come

Shipping is undergoing colossal changes moving forward, as the goals set by the latest IMO meetings are about to pose significant challenges and alter the way that the industry is operating. The additional problem is that there isn’t a clear view on the regulatory framework, under which the sector will be operating, thus making any investment decision a risk. In its latest weekly report, shipbroker Gibson said that “many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. In April last year, the IMO’s ...

Read More »

Three Ps for IMO 2020

With less than a year left to get ready for the 0.50% sulphur limit, awareness is high but is that enough? Many have doubts, but don’t stop trying, says IBIA’s Unni Einemo. To be where we need to be by the end of this year, many elements of the three Ps should already be in place. I am, of course, talking about what needs to happen for a successful transition to the 0.50% sulphur limit which takes effect on 1 January 2020. The three Ps are: Plan, Prepare, Practise. Exactly ...

Read More »

Dry Bulk Market: Capesize Market in Steady Rise

Capesize The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and climbed through respectable fixture volumes, predominately in the East, to close Friday at $12,987. The West Australia to China C5 route started the week at $7.036, reaching fixing levels around $7.60 mid-week, before closing on Friday at $7.223. Fixing was more focussed in the earlier stages of the past week; the latter part was patchier, with some rates softening a little. Rumours were flying around on ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping