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Drewry has announced that Ports will have to deal with more cascading loops with implications including a need for more berth space.

Speaking during Drewry’s container ports briefing ‘What container vessel cascading is heading for ports?’, Neil Davidson said, “Ports will have to deal with significantly more weekly loops of the largest vessels, with North West Europe and Greater China and South East Asia seeing the biggest increases”.

However, while most ports won’t see a...

http://mfame.guru/ports-embracing-to-face-more-cascading-loops/

• Toyota will participate in a $10 million Series A investment in Sea Machines Robotics.
• Modern technology could reduce the cost of human labor and accidents caused by human error.
• Sea Machines aims to fully automate smaller vessels and fine tune the larger ones.
• Similarly, Toyota’s system only steps in when aid is necessary to the human sailor.

After building its own autonomous driving tech, Toyota is casting an eye to the water, participating in a $10 million Series A investment in Sea...

http://mfame.guru/toyota-hits-the-water-by-investing-in-robo-ships/

In a recent development, Ship Finance International Limited announced that it has entered into lease financing agreements totaling $270 million with an Asian-based institution to finance three 10,600 TEU container vessels acquired in 2018, says a press release published on their website.

1. The vessels are employed under long-term time charters to Maersk Line A/S until 2024, with options to extend the charters by up to four additional years.
2. Each Lease Financing has a...

http://mfame.guru/270-million-lease-for-3-wessels-under-time-charter-to-maersk/

http://mfame.guru/the-global-lng-bunker-fuel-market-the-current-state-and-prospects/

The World Fuel Services (WFS) has announced the new United States based physical bunker supply operation.

The bunker operations will commence in mid-January and WFS will be operational in the Columbia River, servicing Portland (OR), Vancouver (WA), Kalama (WA), Longview (WA), Rainier (OR), and Astoria (OR).

The Columbia River is the nation’s number one wheat export gateway, as well as a premier auto gateway. With this new location, WFS continues to expand its operations...

http://mfame.guru/wfs-expands-bunker-operations-in-us-leading-up-to-2020/

Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers, says an article in DryBulk.

The agreement covers a period of between four and six months at a rate of $14,850 per day.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has an operating fleet...

http://mfame.guru/scorpio-charter-out-one-of-its-ultramax-bulker/

The Maritime Professional has summarized this week’s Baltic Index surge in these words “The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Tuesday retraced from its six-week high in the previous session, weighed down by declines in Capesize vessel rates.”

• The overall index, which factors in rates for Capesize, Panamax, and supramax shipping vessels, shed 11 points, or 0.8 percent, to land at 1,395 points.
• The index had touched its highest in...

http://mfame.guru/baltic-index-slips-from-6-week-highs/

Protection Vessels International in their latest report highlighted the present maritime situation of the world. Here we are reporting on that report.

Three men armed with guns and knives boarded an anchored LPG tanker at Merak Anchorage, Indonesia. The group tied up two crew members and stole spare engine parts before escaping. No injuries were reported.

Robberies are commonly reported at Indonesian anchorages,...

http://mfame.guru/weekly-maritime-security-report-18-december-2018/