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Marine News:

Close to 2,000 Scrubbers Already Sold or Retrofitted Onboard Existing Global Fleet

With the IMO 2020 rule a year and a couple of months away, scrubber systems are beginning to make waves among shipowners, with reports from DNV GL that over the past six months, more than 1,000 of them have been sold. In its latest weekly report, shipbroker Gibson said that “not so long ago, a ......

Dry Bulk Market: Capesizes On Higher Ground

Capesize A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slipping. However, rising iron ore prices and renewed talk of Vale fixing ships from Brazil for early November, from Tubarao to Qingdao, in the low $20.00s, steadied nerves. Others fixed ......

Marine geospatial opportunity

So what do we mean by blue economy Namely, the sustainable use of ocean resources for economic growth. And according to the UK government’s chief scientific adviser in the Foresight Future of the Sea Report, the gross value added of the blue economy is projected to double to $3 trillion by 2030. This value exists ......

Tankers In Demand as Shipowners Are Making Moves Expecting the Market to Rebound

The tanker market appears to be bottoming out according to shipbrokers. As a result, shipowners are seeking more and more wet tonnage in bargain prices, looking to invest while prices are still subdued. In its latest weekly report, Intermodal said that “in the last three months approximately 72 tankers changed hands involving ships larger than ......

Greek Shipowners Strongly Support The Forthcoming Discussions At The UN IMO For Effective Implementation And Enforcement Of The 2020 0.5% Global Sulphur Cap

The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At the same time, it fully supports the effective implementation and enforcement of the new regulation ......

Fender damage

Many factors can contribute to an unsafe berth, but a common focus after any berthing incident is whether the fenders were safe and fit for their intended purpose at the material time. Fenders have a simple remit: they should prevent the immovable object (the berth) from succumbing to the irresistible force (of the ship) without ......

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