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Lack of available shipping finance has contributed to dry bulk market’s revival

The dry bulk market is heading for a revival as a result of the balance achieved in the global orderbook, both as a result of a rebound in demand, but also because of a lack of available financing, says Allied Shipbroking. In its latest weekly report, shipbroker Allied Shipbroking noted that “it was 10 years ......


The Middle East Cleans Up

The Middle East stands as the largest crude export region in the world with about 20 million b/d of outflows annually; however, what is perhaps less realized is its growth potential as a clean product export region. We are beginning to see a fundamental change in the Middle East petroleum industry, with initiatives from government ......


Moore Stephens: Take advantage of R&D funding

Given the mounting pressure on the shipping industry to reduce emissions brought on by the IMO’s GHG strategy and commitment to a 50% reduction in CO2 emissions by 2050, it is unsurprising that there is a growing desire to innovate and adopt emerging technologies. This is materialising in a broad range of developments from alternative ......


All types of tonnage in line for demolition as market picks up pace

The hiatus of the demolition market during the past couple of months is officially over, as more and more ship owners are in active negotiations with scrapyards, regarding the sale of old units. In its latest weekly note, shipbroker Clarkson Platou Hellas said that “the market returned to some normality with varied negotiations and rumours ......


IMO makes progress towards inclusion of Methanol in Gas Fuelled Ships code

The Methanol Institute has welcomed the completion by the International Maritime Organization’s sub-Committee on Carriage of Cargoes and Containers (CCC5) of draft interim guidelines covering the safety of ships using methyl/ethyl alcohol as fuel. The draft guidelines, which were agreed at the end of the sub-committee’s week-long meeting, completes the work undertaken by the Correspondence ......


Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

The Green Corridor Joint Industry Project (JIP) has ended on a high note, delivering a well-received LNG-fuelled Newcastlemax design for transporting iron ore and coal on the Australia–China route in Phase 1a, and upsizing it to the very large ore carrier (VLOC) class in Phase 1b. The project was recently concluded with a signing ceremony ......


Marine News:

Lack of available shipping finance has contributed to dry bulk market’s revival

The dry bulk market is heading for a revival as a result of the balance achieved in the global orderbook, both as a result of a rebound in demand, but also because of a lack of available financing, says Allied Shipbroking. In its latest weekly report, shipbroker Allied Shipbroking noted that “it was 10 years ......


The Middle East Cleans Up

The Middle East stands as the largest crude export region in the world with about 20 million b/d of outflows annually; however, what is perhaps less realized is its growth potential as a clean product export region. We are beginning to see a fundamental change in the Middle East petroleum industry, with initiatives from government ......


Moore Stephens: Take advantage of R&D funding

Given the mounting pressure on the shipping industry to reduce emissions brought on by the IMO’s GHG strategy and commitment to a 50% reduction in CO2 emissions by 2050, it is unsurprising that there is a growing desire to innovate and adopt emerging technologies. This is materialising in a broad range of developments from alternative ......


All types of tonnage in line for demolition as market picks up pace

The hiatus of the demolition market during the past couple of months is officially over, as more and more ship owners are in active negotiations with scrapyards, regarding the sale of old units. In its latest weekly note, shipbroker Clarkson Platou Hellas said that “the market returned to some normality with varied negotiations and rumours ......


IMO makes progress towards inclusion of Methanol in Gas Fuelled Ships code

The Methanol Institute has welcomed the completion by the International Maritime Organization’s sub-Committee on Carriage of Cargoes and Containers (CCC5) of draft interim guidelines covering the safety of ships using methyl/ethyl alcohol as fuel. The draft guidelines, which were agreed at the end of the sub-committee’s week-long meeting, completes the work undertaken by the Correspondence ......


Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

The Green Corridor Joint Industry Project (JIP) has ended on a high note, delivering a well-received LNG-fuelled Newcastlemax design for transporting iron ore and coal on the Australia–China route in Phase 1a, and upsizing it to the very large ore carrier (VLOC) class in Phase 1b. The project was recently concluded with a signing ceremony ......


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