Dutch shipbuilding conglomerate Damen Shipyards Group has unveiled a Ballast Water Pre Filtration Barge (BWPF) to assist vessels in complying with the IMO’s Ballast Water Management Convention.The new legislation came into force on September…
Damen Intros BWPF Barge Read More »
Australian-based global ship building company Austal Limited announced that its Henderson, Western Australia, shipyard has successfully launched Bajamar Express, the first of two 118-meter, high-speed trimaran ferries under construction for Fred.
Austal Australia Launches Bajamar Express Read More »
The recent coronavirus outbreak has also introduced uncertainty regarding demand for LNG over the near-term, particularly in China, said GasLog
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CNOOC’s force majeure is a fresh blow to struggling LNG market Read More »
The dry bulk market is reeling under pressure in the aftermath of the coronavirus outbreak. With the most affected area in China, being predominantly a steel producing region, demand for iron ore has plunged. Additionally, freight rates have plunged as…
Dry Bulk Market: Unique Circumstances Plaguing Rates and Shipping Companies Read More »
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, b…
Coronavirus impacting the global shipping industry Read More »