In our message of July 28, 2021, we informed the market that we are working to sell a few ships and to buy some ships. For your easy reference, the message of July 28 is enclosed. This plan is now well under way. At this time, we have agreed to sell one of our ships. …
The post NAT fleet expansion...
As a proud and long-established maritime nation, Belgium and its shipping industry have been spearheading many of the innovations and developments in recent years. This World Maritime Day, Belgian shipping looks back at some of the recent milestones achieved as Belgium presents its candidature to...
The technology group Wärtsilä has received marine sector commercial certification for compliance with the EU’s Stage V standards. The Stage V legislation, which came into force in 2020, tightens restrictions on non-road engines and equipment, and sets stricter limits on emissions, especially particulate matter (PM) and nitrogen oxide (NOx) emissions. The certification applies to the …
The post Wärtsilä awarded marine sector commercial certification for EU Stage V compliance first appeared on Hell...
The Board of Directors (the “Board”) of FSL Trust Management Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of First Ship Lease Trust (the “Trust”), refers to its announcement dated 30 August 2021 and further announces that the disposal of the vessel FSL New York (the “Vessel”) has been...
https://www.hellenicshippingnews.com/fsl-trust-completes-disposal-of-one-chemical-tanker/
Mitsui O.S.K. Lines, Ltd. announced that as of today, it has concluded a contract for 50 billion yen funding through new hybrid loan(the “New Hybrid Loan”) as outlined below. Meanwhile, like the hybrid corporate bonds announced in the March 17, 2021, press release: “MOL Announces Issuance of Publicly Offered Hybrid Corporate Bonds”, the loan will …
The post MOL Concludes Contract for Funds through New Hybrid Loan, Announces Early Repayment of Existing Hybrid Loan first appeared on Hellenic...
Promoting diversity in shipping will help make the industry more appealing to young adults and adolescents, according to a digital maritime training expert. Companies looking to attract a new generation of seafarers and onshore workers should market the sector – which today celebrates World...
https://www.hellenicshippingnews.com/promote-diversity-to-attract-fresh-talent-to-shipping/
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Sep.30: 380 HSFO – USD/MT – 495.63 (+1.03) VLSFO – USD/MT – 591.31 (+1.26) MGO – USD/MT – 693.42 (+3.81) The MABUX ARA LNG Bunker Index – the average price of …
The post MABUX:...
https://www.hellenicshippingnews.com/mabux-global-bunker-prices-to-change-irregular-on-oct-01/
Navigator Holdings Ltd., a leading provider of seaborne transportation and distribution of liquified gases, is pleased to announce that its subsidiary Navigator Gas L.L.C. has been awarded an approval in principle (“AIP”) for an ammonia fuelled gas carrier design by classification society DNV AS (“DNV”). Navigator collaborated with an industry-wide consortium, including MAN Energy Solutions, …
The post Navigator Gas awarded approval in principle for ammonia fuelled gas carrier by classification...
The Baltic Exchange’s main sea freight index eased on Thursday, but still gained about 53% for the quarter on the back of robust demand for dry bulk vessels, especially capesizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 30 points, to...
Recent interviews conducted by Drewry of global shippers and leading carriers within its global customer base expose concern and real commercial harm to most shippers and identifies practical but limited measures within the control of ocean carriers and shippers to mitigate and manage market disruptions. For some months Drewry has been aware of a growing …
The post Drewry Survey Of Top Shippers And Carriers On The Medium-Term Strategic Impact From The Container System Crisis first appeared on Hel...