Performance Shipping Adds Aframax Tanker
The global provider of shipping transportation services through its ownership of vessels, Performance Shipping has announced that, through a separate wholly-owned subsidiary…
NMAC Acquires 5 Product Tankers
Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation…
NMP Acquires Eleven Vessels
Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I.
APM Terminals Barcelona unveils 5G
APM Terminals Barcelona revealed how the latest 5G wireless technology is enabling the use of V2X communication – where information is passed between vehicles and…
GSL Acquires 2 Post-Panamax Containerships
UK-based containership owner Global Ship Lease (GSL) has agreed to acquire two 2004-built, 6,080 TEU Post-Panamax containerships for an aggregate purchase price…
Tanker Upswing Continues, Says NAT
Bermuda-based international tanker company Nordic American Tanker (NAT) said that it has the strongest tanker market that it has seen in decades.In NAT fleet of 23 suezmaxes…
Rotterdam Port Trials New App on Berths
The Port of Rotterdam Authority is starting a trial digital service providing application-based advice on public berths for inland shipping.As they are approaching the port…
DP World Raises $2.3Bln, Rings Nasdaq Bell
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks…
Euroseas Acquires More Vessels
Euroseas, a Greece shipping company that was founded about a century ago, said that it has took delivery of four container carrier vessels of intermediate size of 4…
IMO Backs Polar Waters Navigation Training
Well-trained seafarers are essential to safe ship navigation in Polar waters and International Maritime Organization (IMO) has been playing its part with a training course for maritime instructors…
US: Qatar, Kuwait to Join Naval Coalition
Qatar and Kuwait have told the United States that they will join a U.S.-led naval coalition in the Gulf which was established in response to a series of attacks on oil tankers, a U.S. military official said on Monday."Qatar and Kuwait have already told us they are going to join, so it is just a matter of time," U.S.
IMO 2020, China Output Pummels Asian Refinery Margins
Profits at Asian refineries are being buffeted by a combination of factors, chief among them uncertainty over how exactly new shipping fuel standards will play out and the rise of China as a product exporter.Refinery margins in Asia have been knocked to the lowest since the financial crisis in 2008 by some measures, as the industry grapples with the disparate factors.The return from processing a barrel…
Romania Tries to Free Trapped Sheep on Capsized Ship
Port authorities tried to right a capsized ship on Monday to rescue thousands of sheep trapped below deck in the Black Sea off Romania.The Palau-registered Queen…
Ecochlor Launches NanoVapor
Ecochlor to represent NanoVapor in the maritime industry. The NanoVapor technology improves crew safety while significantly reducing time and any environmental pollution related to gas-freeing VOCs from cargo or bunker tanks. A single application can continue to suppress VOCs for days. The NanoVapor degassing process is more cost effective than traditional methods of cleaning these types of tanks.A NanoVapor unit consists of two components: a nano-suppressant liquid…
Semco Appoints Mercer as Managing Director
Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas, aeronautical engineering, project and program management, operations and maintenance management and asset integrity. He holdsa Bachelor of Science degree in physics from the Heriot-Watt University…
Netherlands to Join French-led Strait of Hormuz Naval Mission
The Netherlands will contribute a ship to a French-led naval mission in the Strait of Hormuz for a six-month period starting in January, Dutch news agency ANP said on Monday…
Timor-Leste Taps Damen for RoPax Delivery
The Republic of Timor-Leste and Damen Shipyards Group signed a contract for a new RoPax Ferry 6716.The vessel will operate a route between the Timor-Leste capital Dili, the Oecusse enclave and the island of Ataúro, providing regular transportation of passengers, vehicles and goods on the north coast of the island.In a project co-financed by Timor-Leste and the Government of Germany, the RoPax Ferry 6716 is scheduled to begin operations in 2021.
Metal Shark Delivers 30th Passenger Vessel
USA shipbuilder Metal Shark has delivered its 30th passenger vessel since June of 2017. Built at Metal Shark’s Franklin, Louisiana shipyard, the newest ferry delivery, a 97-foot, 350-passenger, USCG Subchapter “K,” welded-aluminum, high-speed, low-wake catamaran, was handed off to its operator last week and will soon enter service.“To achieve this extraordinarily high volume production of passenger vessels…
KPI Bridge Oil: More 2020 Compliant Fuel Sold Than HSFO
Søren Høll, CEO of KPI Bridge Oil, has disclosed that the group’s sale of 2020 compliant fuels now exceeds sale of high sulphur fuel oils for the first time.Høll comments: “We started fixing 0.5% sulphur contracts in flow ports at the beginning of Q2 and, as expected, the demand from business partners looking to secure availability of 2020 compliant fuels has steadily increased since. In this final…
BIMCO: Tanker Shipping and Macroeconomics Outlook
World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020; this is now forecast at 2.7%, down from 3%. The WTO cautions that risks to these forecasts are weighted to the downside…
