Shipping
Highest level of newbuild deliveries for Singapore owners
(Posted on 02/05/18)Singapore based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, according to data from VesselsValue. The previous record was in 2008 at the peak of the asset value spike. A large number of market participants have placed orders for a wide variety of ship types, from offshore to...
Baltic Exchange launches Escrow Service for vessel sales
(Posted on 02/05/18)The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange's trusted position in the marketplace when undertaking the sale or purchase of a vessel.Announcing the initiative last week at its Freight...
Governments must acknowledge enormity of historic IMO agreement
(Posted on 26/04/18)Speaking today at Singapore Maritime Week, the Chairman of the International Chamber of Shipping (ICS), Esben Poulsson, said the adoption by the UN International Maritime Organization (IMO) of a comprehensive strategy to phase-out shipping’s greenhouse gases “should be more than sufficient to discourage those who mistakenly...
Technology for green shipping
(Posted on 26/04/18)Classification society DNV GL has issued a new white paper which assesses a range of alternative fuels and technologies. The white paper ‘Alternative fuels and technologies for greener shipping’ examines the price, availability, regulatory challenges and environmental benefits of alternative fuels and technologies, including...
Wärtsilä partners MPA Singapore
(Posted on 26/04/18)The technology group Wärtsilä has partnered with the Maritime and Port Authority of Singapore (MPA) to promote maritime innovation and R&D. The partnership covers four different streams: digital acceleration, cyber-physical security, intelligent vessel and port operations. Wärtsilä and MPA have also agreed...
Thordon joins IWSA
(Posted on 24/04/18)Thordon Bearings has joined a growing number of organisations to have signed up as a full associate member of the International Windship Association (IWSA), the organisation established to facilitate and promote the economic and environmental advantages of wind propulsion across the shipping industry.IWSA now has a membership base...
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