China’s LPG demand has started recovering with PDH operating rates improving after the shutdowns due to the outbreak of the coronavirus (COVID-19) in January. The pandemic has not impacted PDH expansion plans in the country as three PDH facilities are set to open in 2Q20. The outbreak of the virus in China around the Lunar …
High sulfur fuel oil, once the cheap staple diet of the shipping industry, has been usurped by an abundance of low-cost, premium quality bunker fuel. That’s led to seafarers freezing orders for equipment to remove the sulfur from HSFO and maximizing compliant fuels. But don’t write off shipping’s dirtiest fuel as shippers play a waiting …
Don’t write an obituary for shipping’s dirtiest fuel Read More »
The United States is considering imposing sanctions on at least 40 additional foreign oil tankers for trading with Venezuela, four shipping sources told Reuters on Friday. The sources said the potential sanctions on the various ships could be imposed imminently, although no decision had been taken yet. The vessels that could be targeted included 25 …
U.S. considers blacklisting more oil tankers for trading with Venezuela, sources say Read More »
The bottom has fallen out of the market for shipowners moving 70,000 mt Aframax cargoes on the Americas trans-Atlantic and upcoast routes in recent weeks, as time charter equivalent revenue seems to barely account for operating costs. “It is very clearly a demurrage play now,” a shipowner said. “Without demurrage those freight levels correspond to …
Americas Aframax freight plummets to approach zero TCE revenue Read More »
The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the first quarter of 2020. Upon the release of 2020 first quarter results, Rodolphe Saadé, Chairman and Chief Executive Officer of …
Solid operating performance and resilient business activity Read More »
Water levels on the Rhine in Germany have risen after recent rain but remain too shallow for cargo vessels to sail fully loaded throughout the river, traders said on Friday. The river had fallen below normal levels in recent weeks after dry weather. Repeated rain this week has raised water levels but the Rhine is …
Rhine water level rises, still too shallow for normal shipping Read More »
The containership NYK Diana has been recognized with the Best Quality Ship Award for 2019 by the Japan Federation of Pilots’ Associations (JFPA).* The Best Quality Ship Award was founded in fiscal 2003 with the aim of enhancing awareness of not only safe vessel operations but also the need for environmental conservation within our ports …
NYK Containership Receives Japan Pilots’ Best Quality Ship Award Read More »
The technology group Wärtsilä introduces its Data-Driven Dynamic Maintenance Planning (Data-Driven DMP) solution. This latest developed feature enhances the company’s existing Dynamic Maintenance Planning solution by utilising digitalisation and Wärtsilä’s extensive capabilities in analytics. It is an integral part of the company’s Lifecycle Solutions value proposition, and adds further customer benefits and value not possible …
Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limited’s (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 Limited at ‘A’. The Outlook on the Long-Term IDR is Stable. CSSC HK Shipping was established in 2012 as a ship-leasing subsidiary of China …
Fitch Affirms CSSC (Hong Kong) Shipping at ‘A’; Outlook Stable Read More »
Cook on Crude oil tankerJoin date: 02.06.2020Duration of contract: 3+1Vessel’s Type: Crude oil tankerDWT: 3400Year built: 1997Sea-going Experience: 3 contracts and more on any type of vessels in the rankEnglish Level: Good and higher Interesados: manager@uamax.com.ua
