business

Maersk To Concentrate on ‘Cold Chains’ To Boost Land Transportation Business!

  • As a part of its strategy, Maersk plans to focus more on cold storage rather than transportation.
  • In 2018, the ocean transport business accounted for almost 80% of core earnings.
  • Compared to the other shipping lines, its share of the inland business is lower percentage-wise.
  • Maersk sees ‘cold chains’ as a more potentially attractive investment.

According to an article published in Reuters, Maersk plans to focus on cold storage rather than boosting its transportation business as a part of its...

http://mfame.guru/maersk-to-concentrate-on-cold-chains-to-boost-land-transportation-business/

Europe’s LNG Refuelling Options All Set To Experience Phenomenal Growth!

Titan LNG is expanding its LNG bunkering capacity in the ARA region
  • LNG refuelling options are widening in Europe, driven by the projected increase in the number of vessels and heavy trucks.
  • LNG will experience phenomenal growth, jumping from 1,532 vehicles in 2016 to 280,000 by 2030.
  • Trucks powered by LNG can achieve even higher ranges – about 1,500 km on a single tank.
  • Fearnleys AS  plans to run a tender for the construction of an 8,000-m3 LNG-fuelled LNG bunker vessel.

According to an article published in Riviera Maritime Media, LNG refuelling options...

http://mfame.guru/europes-lng-refuelling-options-all-set-to-experience-phenomenal-growth/

Carsten Mortensen’s Dee4 Capital Buys Fuyo Kaiun

Shipping fund Dee4 Capital Partners, headed by Carsten Mortensen, has just settled its fifth ship acquisition, says an article published in ShippingWatch.

Vessel acquisition

Maritime investment company Dee4 Capital Partners, headed by former Norden and BW Group CEO Carsten Mortensen, has made another vessel acquisition paying USD 16.8 million.

  • The fund has just bought its fifth ship, a 47,400 dwt MR2 tanker from 2009. 
  • The ship was bought from Japanese Fuyo Kaiun, according to ship database.
  • Mort...

http://mfame.guru/carsten-mortensens-dee4-capital-buys-fuyo-kaiun/

Venture Funding Focuses on Shipping Tech As New Technologies Develop

  • Startups and scaleups driving more investments in the shipping sector.
  • Despite this, venture funding in shipping has decreased by 24%
  • The average size of deals has increased but the number of deals made has declined.
  • Decreased investments and increased average size show the market is steady and mature.
  • The focus is on technology, innovation, and logistics as venture funding is increasing in these areas.
  • With Greentech, AI and other technological innovations in the horizon more investments are...

http://mfame.guru/venture-funding-focuses-on-shipping-tech-as-new-technologies-develop/

Eagle Bulk Adopts Decarbonization Coalition

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk shipping segmen joins Getting to Zero Coalition, reports Ship&Bunker.

Getting to Zero Coalition

The Coalition is an alliance of 90+ companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization’s (IMO) greenhouse gas (“GHG”) emissions reduction strategy and the...

http://mfame.guru/eagle-bulk-adopts-decarbonization-coalition/

Strong Tanker Market Helps Nordic American Tankers Big Time

Nordic American Tankers Ltd. (NYSE:NAT) is reaping the benefits of the strong tanker market, says an article published in their website.

Message to investors

Chairman & CEO, Herbjørn Hansson, Nordic American Tankers Ltd, in a January 7, 2020 message to its investors informed about the first fixture of 2020 with a Time Charter Equivalent (TCE) in excess of $100,000 per day.  

For reference, but not for accounting purposes, below is a list of its last spot market fixtures concluded up until the...

http://mfame.guru/strong-tanker-market-helps-nordic-american-tankers-big-time/

Multipurpose Sector Earnings To Rise 6% in 2020

  • Multipurpose vessels are predicted to see an average 6% rise in their earnings this year.
  • Carrier poaching threat has receded significantly in past months as the supply of containerships has been artificially reduced.
  • Expectation for dry cargo trade, the bedrock of MPV demand, remains a steady 2.1% growth a year for the medium term.
  • The ongoing trend for the multipurpose sector remains positive and is more upbeat than previously envisaged.

Demand for multipurpose vessels grows as lines lose...

http://mfame.guru/multipurpose-sector-earnings-to-rise-6-in-2020/

Miyazaki Sangyo’s Capesize Bulker Open for Sale

Diverse Japanese owner Miyazaki Sangyo Kaiun is in the process of selling the first cape of the year, reports Splash247.

Lowland Erica at $14.68m

The vessel on display is the 2007-built 177,000 dwt capesize bulker Lowland Erica. Online portal VesselsValue sets the market value of the ship at $14.68m.

The vessel has been inspectable over the weekend in Pyeongtaek, South Korea with a number of owners sending representatives to check out the ship.

Fourteen-ship strong Miyazaki Sangyo Kaiun has three...

http://mfame.guru/miyazaki-sangyos-capesize-bulker-open-for-sale/

Newbuilding LNG Carrier for Yamal Project Gets Her Name

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the naming ceremony for a LNG carrier at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong).

The carrier was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping).

Newbuilding LNG for Yamal project

The “LNG MERAK” is the second of four newbuilding LNG Carriers for the Yamal LNG Project announced at the end of June, 2017(*1), and the sister vessel of the “LNG DUBHE“(*2) which was...

http://mfame.guru/newbuilding-lng-carrier-for-yamal-project-gets-her-name/

Shanghai Ocean Shipping Joins Container Ship Safety Forum

The Container Ship Safety Forum (CSSF) welcomes the first member in the new year: Shanghai Ocean Shipping Co., Ltd. joins the industry association with the effect of 01 January 2020, says a press release published on their website.

High safety standards

The company currently manages 177 container vessels for COSCO Shipping Lines Co., Ltd. with a total of 1,550,000 TEU. “Across companies, we pursue a common goal: the highest possible safety standards on board and best management practices. We...

http://mfame.guru/shanghai-ocean-shipping-joins-container-ship-safety-forum/

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