China’s steel industry is perhaps the most important fundamental element of the demand-supply balance in the dry bulk market. As such, any shifts in production, capacity or exports, are of major interest to dry bulk ship owners. In a recent analy…
China’s Steel Exports Could Rebound in 2019, Shifting Dry Bulk Trade Flows Read More »
Like it or not, consolidation in the shipping sector remains necessary for survival, especially in light of declining freight rates for the dry bulk sector. With the Baltic Dry Index down almost 800 points in just three months, the prospect of consolid…
Dry Bulk Market: Falling rates encourage consolidation Read More »
“The 2020 global sulphur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping” believes Chairman of the International Chamber of Shipping (ICS), Esben Poulsson. “But there are even more profound…
Sulphur and Greenhouse Gas Reduction Priority for ICS Read More »
MAN Energy Solutions has won the order to supply 18 × MAN B&W 9S50ME-C9.6 TIER II-compliant main engines for 9 × 7,800 lane-meter RoRo vessels intended for operation in the Mediterranean Sea. The customer is the Grimaldi Group, the Naples, Italy…
Grimaldi: 18 Engines Ordered for 9 Ships Read More »
On February 8, 2019, what is touted as the world’s largest LNG bunker supply vessel Kairos was christened in the port of Hamburg. With a tank capacity of 7,500 m³, Kairos is the world’s largest LNG bunker supply vessel. The ice class vessel has several…
LNG Bunker Supply Vessel Christened Read More »