Standard & Poor’s Ratings Services has explored the 2016 outlook for the global shipping industry and believes that global shipping companies, and drybulk and containership operators in particular, will continue to face difficult ...
Tags: Shipping Industry, drybulk
Wärtsilä, the marine industry's leading provider of innovative products, solutions and services, is expanding its engine portfolio with the introduction of two additional auxiliary engines, the Wärtsilä Auxpac 16 and the ...
Tags: Transportation, Service
MacGregor's MacRack technology specified for five Greek bulk carriers Friday, Sep 06, 2013 MacGregor, part of Cargotec, has confirmed that five 180,000 dwt bulk carriers under construction in South Korea at Sungdong Shipbuilding and ...
The NSC Group has commissioned the voluntary "Energy Efficiency Design Index (EEDI)" certification of its entire fleet from Germanischer Lloyd (GL). GL verifies the globally valid EEDI environmental and efficiency standard for vessels and ...
Tags: Transportation, Service
Fewer of the larger candidates on offer meant an overall bleaker week in the Pakistan market as others concluded candidates due to geographic positioning and India being able to take smaller limits such as handy size bulkers. It has ...
Tags: ship breaking industry, bulkers, VLCC, suezmax tanker
Much like the Pakistani market at present Bangladeshi buyers are there to acquire preferred units whilst largely ignoring those vessels that actually are firm candidates. A dearth of VLCCs, suezmax tankers, and capesize bulkers oil late ...
Tags: Pakistani market, vessels, oil, oil industry
A noticeable slowing in the number of candidates and actual deals concluded for the week seemed to signal the start of the inevitable slowdown mat will likely characterize the Christmas and New Year period. Indeed, many units that had ...
Tags: India, oil, oil industry, festive period
With plenty of demand for larger units, Gadani buyers spent another frustrating week on the sidelines having to content themselves with the only available tonnage on hand that is handy size bulkers, panamax bulkers, passenger ships, ...
Tags: tonnage, handy size bulkers, panamax bulkers, passenger ships, containers
As select buyers emerged for specific tonnage largelv the cape size bulkers and suezmax tankers/VLCCs vessels with 20,000 LDT and over, a whole raft of candidates either discharging in the area or coming from the East were mostly ignored, ...
Tags: specific tonnage, vessels, tankers, bulker
The anticipated Christmas / New Year slowdown has shown few signs of beginning Just yet as all markets continue acquiring tonnage and previous deals / cash buyer 'as is' tonnage continues to arrive respective demo locations at pace. ...
Some major gains on the Chinese stock market this week trickled through to the ship-recycling sector to boost both sentiment and price. Several weeks ago, levels in China rocketed up to excess those of the Indian sub¬continent (with ...
Tags: Ship Breaking Industry, Chinese stock market, ship-recycling
Pakistan established themselves this week as firmly ahead of their Indian competitors with a greater aggression to buy at better numbers. Indeed, the Danish built, ABS class, full spares panamax bulker 05TSEE MERCHANT considered to be a ...
Tags: Transportation, Ship, container vessels
With eves firmly focused on the Bangladesh market following the dramatic slump and exhaustion of the Indian market Chittagong has been something of a disappointment in recent weeks, with Buvers onlv really there for select units and even ...
Tags: GMS, Bangladesh, ship breaking industry
After a decent run that has seen several VLCCs, suezmax tankers and capesize bulkers beached, Pakistan endured an overall quieter week with no market sales to speak of. Despite the 100 plus vessels that have beached recentlv in India, ...
Tags: ship breaking industry, VLCCs, tankers, vessels
China prices settled back down into the mid-300s/LT LDT after the recent spike that saw one or two bulkers sold tor unrealistically high numbers close to 400/LT LDT (on a par with Indian levels). There has been the usual speculation that ...
Tags: steel, steel price, steel market, China