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Global Ports Expect to See LNG Account for 13% of The Bunker Fuel Market Supply

Apr 9, 2014

Global ports expect to see LNG account for 13% of the bunker fuel market supply come 2020 and 24% by 2025, according to a Lloyd's Register report Monday. Lloyd's global marketing manager Luis Benito shared the observations at a media ...

Tags: LNG, Bunker Fuel Supply

The United States Coast Guard Has Awarded RWO's Ballast Water Treatment System

Apr 18, 2013

The United States Coast Guard has awarded RWO’s ballast water treatment system, CleanBallast, Allternate Management System (AMS) approval. RWO says that this certificate is awarded by The United States Coast Guard (USCG) and is ...

Tags: Ballast Water Treatment System, Machinery

Fewer of The Larger Candidates on Offer Meant an Overall Bleaker Week

Jan 7, 2013

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

The USA Owned Container Vessel MADURA (7,381 LDT) Was Concluded for a Very Firm USD 44S

Jan 6, 2013

Despite Christmas holidays fully underway, the Indian market still found the time to conclude a few deals at some impressive numbers The USA owned container vessel MADURA (7,381 LDT) was concluded for a very firm USD 44S.LT LDT (the ...

Tags: Indian market, Christmas holidays, vessels, Ship Breaking

Unperturbed by The Holidays, Fewer Deals Were Done

Jan 6, 2013

As the Chinese market furrowed on, unperturbed by the holidays, fewer deals were done, perhaps due to a slowdown in the number of negotiable candidates as many owners were already in a holiday mode. One deal was however concluded - ...

Tags: China, Ship Breaking Industry, ship breaking, China economy

Gadani Buyers Spent Another Frustrating Week on The Sidelines

Dec 28, 2012

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

ZHUSHUI 8 Was Sold for USD 365/LT LDT Into South China

Dec 27, 2012

With prices once again pushing on to Indian sub-continent levels, it was no surprise to see the Chinese market snap up one or two vessels positioned in the area and from local owners. The Danish built panamax bulker ZHUSHUI 8 (12,250 ...

Tags: India, Chinese market, ship, price

The Cape Size Bulkers and Suezmax tankers/VLCCs vessels with 20,000 LDT and Over

Dec 20, 2012

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

Few Signs of Recovery Existed This Week in The Indian Market

Dec 20, 2012

Few signs of recovery existed this week in the Indian market as an end of year gloom descended on what has been an incredibly frustrating and volatile year in the Indian ship recycling industry. There is little doubting the intensity of ...

Tags: ship recycling industry, green recycling, Market sales

Some Major Gains Plan to Boost Both Sentiment and Price

Dec 20, 2012

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

Dec 20, 2012

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

Indian Market Chittagong Has Been Something of a Disappointment in Recent Weeks

Dec 17, 2012

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

Suezmax Tankers and Capesize Bulkers Beached

Dec 14, 2012

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

Dec 14, 2012

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

The Ailing Indian Market Required Some Urgent Assistance From Both Bangladesh and Pakistan

Dec 12, 2012

The ailing Indian market required some urgent assistance from both Bangladesh and Pakistan this Week as cash buyer vessels were diverted to rival shores in a bid to ease the burden on an already creaking industry. 94 vessels have already ...

Tags: steel scrap buyers, scrap yards, exchange rate india, iron ore price news

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