Shipping
FMT and IRClass MOU to develop bulkers
(Posted on 16/12/19)Further Marine Technology Co. Ltd., (FMT) and Indian Register of Shipping (IRClass) have signed a MOU on strategic cooperation. By combining the two companies’ knowledge and networks, FMT and IRClass are targeting development of the latest generation of bulk carrier designs to expand the business in the South East Asian market...
Wärtsilä solution for Spliethoff
(Posted on 03/12/19)The technology group Wärtsilä has been selected to supply a comprehensive package of solutions for two new state-of-the-art vessels being built for the Netherlands-based shipping company Spliethoff. The ships are under construction at the Fujian Mawei Shipbuilding yard in China. The order with Wärtsilä is booked...
Fundamentals hit dry bulk again
(Posted on 03/12/19)The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.After peaking in September, the fundamentals of the market have begun to drag on freight rates – although the rates remain above the average experienced so far this year, buoyed...
Jamaica at heart of maritime legislature
(Posted on 03/12/19)Jamaica has confirmed its position at the heart of international maritime legislature after being re-elected to Category C of the Council of the International Maritime Organization (IMO).Jamaica, was re-elected on Friday, November 29, 2019, during the 31st session of the IMO Assembly held at the IMO Headquarters in London, to serve...
ClassNK signs research agreement
(Posted on 03/12/19)Leading Classification Society ClassNK has concluded a joint research agreement for developing advanced condition-based maintenance (CBM), a new maintenance and management process for engine machinery plants, and establishing a new classification survey scheme based on CBM.In the joint research project, engine conditions will...
Vartdal quits Golden Ocean
(Posted on 22/11/19)Golden Ocean Group Limited has announced that Ms. Birgitte Ringstad Vartdal, CEO of Golden Ocean Management AS, has submitted her notice of resignation. Ms. Vartdal has held the position as CEO since April 2016, and before that served as CFO since June 2010.Golden Ocean Group Limited is a leading international dry bulk shipping...
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