Shipping
Ecomar delivered to AtoB@C Shipping
(Posted on 14/06/24)ESL Shipping's subsidiary AtoB@C Shipping has on 13th June taken delivery of Ecomar, which is the third vessel in the 12-strong series of 5,350 dwt plug-in hybrid vessels. Ecomar will shortly commence its maiden voyage from India to Europe.ESL Shipping is the leading carrier of dry bulk cargoes in the Baltic region. ESL. AtoB@C...
GAC to acquire Quadrant Pacific’s ship agency business
(Posted on 14/06/24)GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand. This acquisition marks a significant milestone in the company’s longstanding presence in the region...
Onboard carbon capture relies on industry collaboration says DNV
(Posted on 07/06/24)Onboard carbon capture (OCC) is attracting interest within the shipping industry, providing shipowners with the opportunity to continue operating on conventional fuels while reducing emissions. However, according to DNV’s latest whitepaper “The potential of onboard carbon capture in shipping”, its success depends...
Franman to promote Saudi’s IMI in Greece and Cyprus
(Posted on 07/06/24)Athens-based Franman, a leading representative and supplier of premium equipment, parts, products and high-quality services to the shipping industry, has been appointed as the exclusive agent for Greece and Cyprus, by Saudi Arabia’s International Maritime Industries (IMI), the largest full-service shipyard in the MENA region...
Veson: Bulker newbuilding values at 15-year high
(Posted on 01/06/24)Values for newbuild vessels of 180,000 DWT are up by c.5.45% from USD 66.09 mil to USD 69.63 mil according to Rebecca Galanopoulos Jones, Senior Content Analyst at Veson Nautical.Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year. This is due to a number of factors...
NorthStandard annual review figures verify value of scale and reach
(Posted on 31/05/24)Global marine insurer, NorthStandard, recorded increases in premium income, investment returns, and free reserves for the 2023/24 policy year. The combined net ratio, used to measure underwriting performance, also improved from the previous year.With its enhanced ‘A’ stable rating from S&P, NorthStandard is now one...
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