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Shipping

Industry frontrunners collaborate to make green propulsion a reality

Industry frontrunners collaborate to make green propulsion a reality

(Posted on 28/08/18)

Three of the marine sector’s major technology companies, WinGD, Wärtsilä and GTT, have agreed to collaborate in making the use of LNG fuel a truly viable option for ship owners and operators. By combining their expertise and experience, the three companies deliver an effective, streamlined approach for achieving...

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Consistent performance from The Swedish Club

(Posted on 28/08/18)

The Swedish Club has reported a combined ratio of 96 % for the first six months of 2018, in line with a policy of balanced growth and consistent performance. The Club is pleased to have now delivered an average combined ratio of below 100 % for ten years, despite a continued soft market for marine pricing and the third consecutive...

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Albwardy Damen expands to SOHAR Port and Freezone

(Posted on 28/08/18)

Albwardy Damen, a joint venture providing shipbuilding and ship repair services to the marine and oil and gas related industries in the Middle East, has announced that it has launched a full range of afloat, workshop, and diving services at SOHAR Port and Freezone. Albwardy Damen is a joint venture between Albwardy Investment, Dubai...

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Good bunker practice

(Posted on 28/08/18)

Veritas Petroleum Services (VPS) and Seagull Maritime have collaborated on new e-learning modules and reflective learning films describing the importance and procedures for fuel testing. Unpredictable fuel quality is a regular cause for concern among ship operators. Apart from creating operational problems, fuels of unknown quality...

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Lauritzen optimistic on strength of dry cargo market

(Posted on 28/08/18)

“During the second quarter of 2018, we continued to build our activity in the dry cargo period market by replacing expensive time-chartered tonnage with attractively priced vessels improving our competitive position. We remain optimistic in terms of further dry cargo market improvements despite uncertainties related to tariffs...

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Safe Bulkers ads to fleet from cash on hand

Safe Bulkers ads to fleet from cash on hand

(Posted on 16/08/18)

Safe Bulkers, Inc., an international provider of marine dry-bulk transportation services, has announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive price. The acquisition was financed from cash on hand.Following a dry docking the vessel is expected to be employed in...

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