Castor Maritime Inc. a diversified global shipping company, announces that the M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, following completion of its previous employment contract, has been fixed on a time charter contract earning a daily gross charter rate of $33,000, which commenced...
ICIS has added daily charter rate assessments for Two-stroke LNG vessels to reflect the growing importance of the market’s most efficient carriers. LNG shipowners plan to replace more TFDE-propelled tonnage with more efficient Two-Stroke vessels going forwards. Higher carrying capacity and optimal utilisation rates are behind the shifts in the LNG fleet, where Two-stroke charters …
The post Two-stroke LNG vessel role to grow as ICIS adds assessments first appeared on Hellenic Shipping News...
https://www.hellenicshippingnews.com/two-stroke-lng-vessel-role-to-grow-as-icis-adds-assessments/
In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases. This week Stena Line took …
The post Stena Line achieves another world first using recycled methanol to power the ferry Stena Germanica first appeared on Hellenic Shipping News...
Mental Health Support Solutions (MHSS) has committed to helping suppress piracy in West African waters and to aiding seafarers caught in pirate attacks by signing the Gulf of Guinea Declaration. The company, which provides 24/7 professional mental health support and guidance across the maritime...
https://www.hellenicshippingnews.com/mhss-signs-anti-piracy-declaration/
Hydroniq Coolers has upgraded its increasingly popular hull-integrated seawater cooling system, Rack, to further improve its operational reliability when installed on board large vessels, including making it even easier to clean and maintain. “We are constantly looking at ways to further enhance our products and adapting them to vessels with different sizes and cooling requirements. …
The post Further improvements to hull-integrated seawater cooler for large vessels first appeared on Hellenic...
The campaign to highlight the experiences of seafarers during the Covid pandemic has taken a leap forward this Day of the Seafarer as the winner of the ITF Seafarers’ Trust portrait competition is announced. “Out of Sight Not Out of Mind” invited seafarers of all nationalities to submit images of...
China’s COSCO Shipping Group and the Dalian Commodity Exchange (DCE) have signed an agreement to jointly work on developing shipping derivatives such as container capacity futures, according to an article posted by the bourse. China’s largest shipping line has been talking to the DCE for years...
https://www.hellenicshippingnews.com/chinas-cosco-dalian-exchange-ink-pact-on-shipping-futures/
Hapag-Lloyd and Singapore -based Ocean Network Express (ONE) Pte . Ltd. today announced they have completed integration onto the TradeLens platform, helping ensure a more timely and consistent view of logistics data for their containerized freight around the world. TradeLens is a neutral, third-party platform launched by IBM (NYSE: IBM ) and A.P. Moller – …
Singapore residual fuel oil inventories slipped 2% in the week to June 23, falling for a second straight week as net import volumes remained weak, official data showed. Onshore fuel oil stocks fell by 574,000 barrels, or about 90,000 tonnes, to a four-week low of 23.4 million barrels, or 3.69...
https://www.hellenicshippingnews.com/singapore-fuel-oil-stocks-dip-to-4-week-low-on-thin-imports/
Overview The planned release of a new spreadsheet format for data submissions scheduled for launch in the second half of 2021 heralds an increased focus on account management for users of the BIMCO Shipping-KPI. The BIMCO Shipping-KPI is developed for the industry and by the industry. Following the...
https://www.hellenicshippingnews.com/bimco-eases-administration-of-the-shipping-kpi/