shipowners

LSFO Low Price Savings Boon for Shipowners As Trade Volumes Fall!

Bunker fuels and covid-19
  • The low fuel pricing have lead to a mixed benefit for shipowners who had to take the LSFO switch decision due to IMO 2020
  • the lower price has resulted in huge savings benefit of shipowners says BIMCO Chief
  • However, the near 15% slump in freight volume isn’t good for shipping

According to a Platts article written by Britt Russell-Webster, the Associate Editor of S&P Global Platts from London, the shipping industry, skating on razor-thin margins, is drawing solace from cheaper bunker fuel prices...

https://mfame.guru/lsfo-low-price-savings-boon-for-shipowners-as-trade-volumes-fall/

VIDEO: Maersk and DFDS join partnership aiming for industrial-scale sustainable fuel production

Shipowners A.P. Moller – Maersk and DFDS have joined a Danish partnership that plans to develop an industrial-scale production facility in the Copenhagen area to produce sustainable fuels for maritime, road and air transportation. The other project partners include Copenhagen Airports, DSV Panalpina, SAS and Ørsted.

“Decarbonizing the transport sector is a significant and complex task that requires collaborative contributions from every company, organization, and country,” says Søren Skou, CEO,...

https://www.marinelog.com/shipping/environment/video-maersk-and-dfds-join-partnership-aiming-for-industrial-scale-sustainable-fuel-production/

BIMCO helps ICS gather data on crew-change challenges

Restrictions on making crew changes have proved to be one of the toughest changes facing international shipping in the wake of the COVID-19 pandemic.

BIMCO, the world’s largest direct-membership organization for shipowners, charterers, shipbrokers and agents, is cooperating with the International Chamber of Shipping (ICS) to gather information that will be of help in work to facilitate crew changes.

To assist ICS with collecting information on attempted and successful crew change operations,...

https://www.marinelog.com/shipping/bimco-helps-ics-gather-data-on-crew-change-challenges/

[Answer] Shipowners’ Obligations & Liabilities When Crew Gets Virus Infected

With the coronavirus outbreak taking center stage in every area of life these days, shippers are largely left in the hang how to handle the infected crew. The Freight Waves, Editor, Greg Miller has rightly said in an article published on the website,  if ocean shipping is the “canary in the coal mine” for how the coronavirus will affect the global economy, then ocean shipping’s canary is the health of its crew.

Trouble Brewing?

If seafarers aboard commercial oceangoing cargo ships start to become...

http://mfame.guru/answer-shipowners-obligations-liabilities-when-crew-gets-virus-infected/

IMO meeting eliminates doubts over 2020 delay: Fuel for Thought

If any doubts remained that the International Maritime Organization’s tighter sulfur emission limits for ships in 2020 could be delayed or otherwise watered down, those doubts should have been laid to rest at a key committee meeting of the UN body last week.

The IMO’s global marine fuels sulfur limit is set to drop from 3.5% to 0.5% at the start of 2020, forcing ship operators to use cleaner, more expensive alternatives to heavy fuel oil and bringing wide-ranging other consequences for commodity...

http://blogs.platts.com/2018/10/29/imo-meeting-eliminates-doubts-over-2020-delay-fuel-for-thought/

The magic of the IRR: Are high returns prompting the return of investment funds in shipping?

The internal rate of return, or simply the IRR, is the magic figure that private equity fund managers, shipping-focused investors and affluent shipowners alike employ to determine if an investment makes sense.

The investment firm recently launched by the prominent Greek shipowner George Livanos and two bankers, as well as the launch of Schulte Group’s shipping fund, has prompted me to explore the power of IRR and engage in some simple number crunching.

Take a five-year-old, 9,000 TEU...

http://blogs.platts.com/2018/07/11/magic-irr-high-returns-investment-funds-shipping/

LIBOR: Shipping’s elephant in the room

The shipping industry’s vessel loans are typically taken on the basis of a premium over LIBOR. LIBOR has been experiencing upward pressure since early 2017, as major central banks have moved to a tightening stance. The three-month LIBOR has risen to 2.3% as of April 2018, the highest rate seen since November 2008, the early days of the financial crisis.

As LIBOR increases, stresses on shipping industry balance sheets, cash flows and earnings also rise. With rates still at relatively low levels...

http://blogs.platts.com/2018/05/03/libor-shipping-elephant-in-the-room/

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