The ship recycling market has remained subdued during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “ship recycling markets across South Asia and Türkiye remain largely subdued, with sentiment cautious and activity restricted by a mix of seasonal and structural factors. In India, limited …
Ship Recycling Market Still Subdued Read More »
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during this period are expected to be delivered during this and next year,” says Filipe Gouveia, Shipping Analysis Manager …
Bulker deliveries could reach six-year high in 2026 Read More »
Today’s ships can carry a number of different marine fuel types, from High Sulphur Fuel Oils (HSFOs), to Very Low Sulphur Fuel Oils (VLSFOs), Marine Gas Oils (MGOs), Ultra Low Sulphur Fuel Oils (ULSFOs), Biofuels, LNG and Methanol. Each of these fuels have varying degrees of stability, or instability, which can be triggered by numerous …
How Stable is Your Marine Fuel? Read More »
CMA D. ARGOUDELIS & CO S.A., a leading company in marine, industrial & energy automation, is proud to announce a strategic partnership with EGEON TECHNOLOGIES, a dynamic and specialized provider of technical services for 2-STROKE MARINE DIESEL ENGINES. This collaboration marks a major step forward in expanding both companies’ capabilities in delivering expert maintenance, troubleshooting, …
Mintra, a global leader in digital learning and workforce management solutions for the maritime and energy sectors, has entered a strategic alignment agreement with SQLearn, a leading Greek provider of online maritime training solutions. Through this partnership, SQLearn will play a key role in expanding Mintra’s presence in the Greek market, promoting Mintra’s portfolio. At …
Ships which can be seen as “future-proof” are the most in demand from ship owners looking to place newbuilding orders. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Chinese company Fujian GuoHang Ocean placed an order of 2 x 89,000 Panamax vessels with dual-fuel methanol propulsion to Chinese yard …
Newbuildings: “Green” Ships Are in Demand Read More »
The Documentary Committee of BIMCO, the world’s largest shipping association, has adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports. A BIMCO subcommittee comprising legal and commercial experts began working on the clause …
BIMCO adopts standard clause to address USTR actions Read More »
Pole Star Global, the leader in maritime intelligence and regulatory compliance solutions, in collaboration with Blackstone Compliance Services, has released a new whitepaper titled: ‘The Emerging Trends In Maritime Sanctions Enforcement’. An excerpt from this whitepaper’s executive summary follows. Whitepaper: The Emerging Trends In Maritime Sanctions Enforcement – Executive Summary Since 2016, the Office of …
ABS Wavesight™, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements. As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data …
OceanPal Inc., a global shipping company specializing in the ownership of vessels, announced the pricing of its upsized public offering of 10,975,600 units at a public offering price of US$1.64 per unit. Each unit consists of one common share and one warrant to purchase one common share. Each Warrant will expire three (3) years from …
OceanPal Inc. Announces Pricing of Upsized US$18.0 Million Public Offering Read More »
