The Chinese government has prohibited the import of Australian coal, which will be detrimental for dry bulk vessels as Chinese importers will shift from Australia to Indonesia and Mongolia, resulting in a decline in average haulage length and a loss in…
China-Australia tiff to hit dry bulk demand Read More »
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet. There was strong Asian representation on the draftin…
BIMCO ‘Shiplease’ Term Sheet Read More »
New York-listed company’s share count falls below 2m
Globus Maritime carries out 1-for-100 reverse stock split Read More »
Tip #1: Tribology – Assume All Hydraulic Components are Designed EquallyBelieve it or not, maintenance begins during the design phase. Moving parts create friction, and friction can lead to wear, ending in premature failure, especially when tribology i…
Offshore Equipment Hydraulic Maintenance Tip-of-the-Day: Tribology Read More »
Power solutions provider Fairbanks Morse said it has named James “Jay” McFadyen as Vice President and General Manager of Aftermarket.McFadyen has more than 30 years of experience in the marine, defense and aerospace industries with leading global compa…
Fairbanks Morse Names McFadyen VP and GM of Aftermarket Read More »