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Tag Archives: Tops

Demolition Activity Picks Up After Weeks of Stagnation

It took several weeks, but finally, tonnage supply could start falling again, on the back of increased sales of ships for recycling. In its latest weekly report, shipbroker Intermodal noted that “the demolition market has remained particularly busy for a second week in a row, with an impressive number of sales being reported in the past few days, while in terms of prices it seems that these remain stable for now despite the recent increase of appetite that seems to be prevailing in Indian subcontinent market. In terms of demo ...

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Decoding the Baltic Dry Index

The business section of any publication is usually chock full of indices like the S&P, ZEW and the CPI, all of which are used by investment professionals to help gauge the health of the economy. However, when it comes to the shipping industry, which is responsible for moving the vast majority of traded goods across the world’s oceans, shipping indices are the best way to assess how well the market is doing. There are a number of shipping indices, each of which tells a different story, based on ship sizes, ...

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Alibra Shipping: Maritime Hedge Fund Manager Believes Shipping Banks Will Increase Their Lending In The Sector

This week we interview the manager of a maritime hedge fund to discuss his views on finance in shipping markets. What are today’s smart investment opportunities? Greener fuels, optimization and automisation of the logistics chain (artificial intelligence) and autonomous ships are great R&D investments for larger shipping companies that can afford them, however there are significant financial barriers for smaller entities. Are banks willing to invest in new technology? Generally speaking no, they prefer tried-and-tested investments, they are not trailblazers in terms of taking risks. What it comes down to ...

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Ship owners looking to invest heavily in the S&P market

The uncertainty regarding the future regulatory environment and the difficulty in securing a “futureproof” newbuilding, means that most ship owners are actively looking for more deals in the S&P market, instead of investing in the newbuilding market. As such, in its latest weekly report, shipbroker Intermodal noted that “in terms of recently surfacing orders, last week has certainly been quieter when compared to average weekly volumes throughout the first quarter of the year, with the order of four firm Handysize vessels in Japan certainly being the most notable, given that ...

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Maritime autonomy: A bridge too far

Imagine several ships en route from departure port ‘A’ to arrive at different ports around the world, each at a given time. These ships have no captain or crew on board and can navigate, dock, load, unload and refuel on their own and are maintained by sensors, robots and drones. The ships are navigated and controlled by computers from a fully automated port with no human intervention or interaction. The operating system of each vessel makes decisions and takes actions based on the situation it is in. That’s ‘autonomous shipping’ ...

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10th Maritime Employee Survey reveal decreasing confidence in shipping industry job security

Over half of shore-based maritime employees are actively looking to change jobs and nearly two thirds are worried about job security. Today (Tuesday 26 March) international maritime industry recruiter Halcyon Recruitment, in collaboration with training provider Coracle, published its 10th annual Maritime Employee Survey. 2,800 respondents took part and the results show that 62% (compared with 56% last year) of shore-based shipping industry employees are concerned over job security, particularly those employed in vessel operations. Job security was ranked as the most important aspect (57% of respondents) when considering a ...

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Smaller Bulkers and Product Tankers in High Demand

Most ship owners are refraining from committing funds in long-term projects, with newbuilding orders taking a back seat. The high volatility of the shipping markets, coupled with the additional uncertainty created by the trade wars, is causing more and more owners to look for investment opportunities in the S&P market. As such, smaller dry bulk classes and product tankers like MRs. In its latest weekly report, shipbroker Intermodal said that “activity in dry bulk S&P market remains stable whereas values appear to have bottomed out and buyers are now willing ...

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The new age Propulsion Condition Monitoring Service: Key to predictive maintenance and optimal uptime

The Propulsion Condition Monitoring Service (PCMS) is Wärtsilä’s Condition-Based Maintenance (CBM) solution for propulsion equipment. By carrying out measurements of critical parameters such as vibrations and oil condition, as well as operational parameters including steering angles, rotational speeds, and pitch angles, the Wärtsilä PCMS provides customers with real-time advice and periodic reports on the condition of their machinery, as well as crucial information for maintenance planning. Since its launch in 2010, the Wärtsilä PCMS has been successfully installed on hundreds of applications. Late last year, Wärtsilä released a new, more ...

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Dry Bulk Market: Primary aluminium needs are set to swell

It’s an uncertain time for aluminium, one of the products that has felt the impact of US President Donald Trump’s tariffs. However, according to world macro models and analyst expectations, aluminium is anticipated to trade at $1887.02/tonne by the end of this quarter. And a year from now, online information provider Trading Economics expects it to trade at $1785.92/tonne. In a webinar, International Aluminium Institute (IAI) deputy secretary general Chris Bayliss noted that primary aluminium production was 63m tonnes in 2018 and 64m tonnes in 2017 to meet aluminium demand ...

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Tanker Market: Tracking Future Cargoes Supply

Where will the future oil supply come from? It’s one of the questions that tanker owners are looking to answer adequately, as it can provide them with a competitive advantage. In its latest weekly report, shipbroker Gibson said that “earlier this month the IEA released its medium-term outlook for the global oil markets, which provides analysis and the forecast of the key issues in demand, supply, refining and oil trade through to 2024. The report portrays a positive outlook for oil demand growth, which is expected to continue to increase ...

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“Jumbo” Dry Bulk Fleets To Continue to Emerge in The Future As Consolidation Among Shipping Companies Will Remain

Petrofin Research’s latest annual survey of the Hellenic-owned fleet, yielded some very interesting conclusions. It appears that the Greek fleet, although maintaining an overall robust growth, took a small breather last year. It can be argued that the frenetic activity both in newbuildings and S&P transactions could not continue at the same pace. However, we can detect some key points that shaped last year. Petrofin said in its analysis that “the dry bulk market experienced a good year, in terms of both vessel values and incomes. However, as the year ...

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Global Sulphur Cap 2020 – Implications for shipping and how to comply by next year

The global 0.50% sulphur cap will enter into force in 2020. Finally, this date is no longer in the far-off future but in less than 365 days. What four options are available for ship owners? The figures are impressive: According to the guidance paper Global Sulphur Cap 2020 published by DNV GL on the topic, more than 70,000 ships worldwide will be affected by this regulation. As a result, if they have not done so already, ship owners will need to weigh up their options in the very near future ...

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Container Ships Making Waves in the Demolition Market

With little activity so far in the ships’ demolition market, activity could start to increase in the coming weeks, especially since shipbrokers are expecting a significant number of candidates from the container segment to be sold for recycling soon. In its latest weekly report, Clarkson Platou Hellas commented that “in reality, markets should be heading northwards but for some unbeknownst reason, steel markets have weakened this week in India which is even surprising the recyclers in Alang who feel that some positive movements should be taking place. Maybe this positive ...

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Report: Shipping confidence up despite ongoing geopolitical uncertainty

Confidence in the shipping industry has risen in the last three months despite ongoing geopolitical uncertainty, according to the latest Shipping Confidence Survey. The average confidence level rose to 6.2 out of maximum score of 10.0 this quarter compared to 6.0 in Q4 2018. Confidence was up in Europe, from 6.1 to 6.3, and in North America, from 5.2 to 5.6. In Asia, meanwhile, there was a drop in overall confidence levels to 5.8 from the 12-month high of 6.3 recorded in the previous quarter. Brokers were behind much of ...

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Delivering LNG expertise with new Aframax design

With liquefied natural gas (LNG) rapidly gaining ground as an eco-friendly ship fuel, Daehan Shipbuilding Corporation (DHSC), Korea’s leading builder of Aframax tankers recognized the need to build up competence in LNG fuel technology. To gain a competitive advantage, DHSC focuses on eco-friendly and fuel-efficient tankers satisfying the growing demand for vessels which not only comply with current and future emission regulations but feature an especially small ecological footprint. The company had not designed any gas-fuelled ships in the past and turned to DNV GL for support. In July 2018 ...

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