vessels

Smaller Vessels Bound For The Scrapheap

Credits: Anastasia Fomina/Unsplash

The box shipping fleet has reached its highest average age since records began, according to research by Bimco, with a great number – overwhelmingly in the smaller size range – set for demolition, reports loadstar.

The Loadstar has long reported on the disparity between demand for smaller vessels on feeder and short sea routes and major carrier disinterest in ordering new ones.

Rather than replenishing fleets with smaller vessels, however, carriers have...

https://mfame.guru/smaller-vessels-bound-for-the-scrapheap/

GTT Entrusted By Dalian Shipbuilding Industry With Tank Design

Credits: Fred/ Pexels

GTT announces that it has received, in the second quarter of 2023, an order from its partner Dalian Shipbuilding Industry & Co for the tank design of two Liquefied Natural Gas Carriers on behalf of CMES LNG Carrier Investment INC, says an article published on their website.

Vessels scheduled

GTT will design the tanks of these two vessels, which will each offer a capacity of 175,000 m3. The tanks will be fitted with the Mark III Flex membrane containment system, developed by...

https://mfame.guru/gtt-entrusted-by-dalian-shipbuilding-industry-with-tank-design/

Russia’s Oil Fleet Upgrades: Rust to Renewal

Credit: Trace Hudson/Pexels

The practice of using the world’s oldest and riskiest vessels to transport sanctioned oil is being challenged as an increasing number of tankers in the fleet become newer and safer, as published on GCaptain.

Scrutiny and Safety Concerns

Following Russia’s invasion of Ukraine, a significant number of ageing tankers were acquired by anonymous traders and investors to maintain the flow of Russian oil. These purchases, along with existing vessels transporting crude for...

https://mfame.guru/russias-oil-fleet-upgrades-rust-to-renewal/

Maersk Inks Letter Of Intent

Credit: Kelly/Pexels

Maersk entered into a letter of intent with Yangzijiang Shipbuilding for the construction of eight, plus an optional four, 8,000-TEU wide-beam container vessels, says an article published on Riviera.

Larger feeder-sized vessels

BRL said if Maersk firms the letter, the cost per ship will be US$115M.

This is part of a trend which has now seen more than 100 larger feeder-sized vessels, some now more than 9,000 TEU.

Economy of scale 

“The long-term outlook is that feeders will...

https://mfame.guru/maersk-inks-letter-of-intent/

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