Bunker costs, freight rates sink Cosco profits
“Historical low” in international oil transportation dents Chinese state shipowner’s bottom line.
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August 2018
Will Autumn Season Bring the Much Anticipated Shipping Market Rally?
As the final quarter of the year is nearing, ship owners will undoubtedly be looking forward to yet another strong end of the year, in terms of the freight rate market. In its latest weekly report, shipbroker Allied Shipbroking said that “as we edge cl…
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A record poor tanker market with a growing fleet is prolonging the crisis
Demand BIMCO expected the crude oil tanker market to continue its struggle from 2017, but the magnitude of it has been staggering, as evidenced by the worst freight rates on record. This is particularly true for crude oil tankers, but the oil product t…
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Five Misconceptions of Wind Propulsion Solutions for Commercial Vessels
There has been a significant trend developing around wind propulsion technologies over the last 12 months and with potential fuel savings of 10-30% for retrofit installations and up to 50% for optimised new builds it is no wonder that the industry is s…
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A Mercury Marine-Powered Test Run Around Manhattan
A great way to spend my first day back from vacation was hurtling down the Hudson River in New York City at 65 mph on a 40-ft. Invincible catamaran, powered by four 350-HP Mercury outboard engines.Mercury Marine was in town to offer test drives on a va…
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