In a press release dated 28 September 2018, ClassNK advises existing ships to install ballast water management (BWM) systems early on. An analysis of the retrofitting status of its registered ships confirms that, as of the end of August 2018: -a total of 7,315 ships in ClassNK’s register are...
https://www.hellenicshippingnews.com/do-not-wait-too-long-before-installing-bwm-systems/
The tanker market could be heading for a mild recovery, at least if ones takes a closer look at the supply part of the equation. In a recent analysis, tanker specialist Charles R. Weber said that “VLCC earnings remained in positive year‐on‐year territory and averaged over $20,000/day for a...
A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster. Drewry’s long-term supply and demand prognosis for...
https://www.hellenicshippingnews.com/liner-balance-postponed/
Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story. Value investors still have plenty of opportunities to acquire prime aged assets at a significant discount to their expected future market...
With just over a year until the new marine fuel regulations are put in place, ship owners are heavily investing in scrubbers, while others are still facing dilemmas, regarding their future plans to comply with these regulations. In its latest weekly report, shipbroker Intermodal noted that “the...
https://www.hellenicshippingnews.com/bunker-fuels-and-imo-2020-dilemmas-everywhere/
INTERCARGO held its Annual General Meeting, Executive and Technical Committees’ meetings in London on 1 and 2 October 2018, along with a well-attended Dinner Reception on the first day. INTERCARGO re-iterated its commitment to a safe, efficient, high quality and environmentally-friendly dry cargo...
With the resurgence of ships’ demolition sales critical for the rebalancing of the supply-demand equilibrium in the shipping markets, it’s probably good news, that prices offered by scrapyards are starting to rise once again, a trend which could trigger more sales of older units. In its latest...
https://www.hellenicshippingnews.com/demolition-rates-picking-up-sales-expected-to-follow-suit/
Seaborne trade expanded by a healthy 4% in 2017, the fastest growth in five years, while UNCTAD forecasts similar growth this year, according to its Review of Maritime Transport 2018. Volumes across all segments are set to grow in 2018, with containerized and dry bulk commodities expected to record...
You are what you eat, the saying goes – and the drive for healthy eating is just as important at sea as it is ashore. The implementation of the Maritime Labour Convention (2016) has focused attention on the importance of a good standard of food for those onboard, and that includes paying attention...
September brought some stability and, all being well, contributed to better financial results as the carriers near year-end. The majority of carriers achieved their box rate increases at the start of September before slowly dropping off in the last decade. The main reason for the decline has been...