In its fiscal year 2017, ended 30 September 30 2017, the Panama Canal Authority (ACP) set record cargo tonnage of 403.8m Panama Canal tonnes (PC/UMS), the highest cargo tonnage ever transited in its 103-year history.
A welcome sense of optimism on the future of shipping infused the opening day of the 15th biennial Maritime Cyprus conference taking place in Limassol this week, a line-up of heavyweight speakers, record attendance of over 850 delegates and the first of the week’s procession of evening receptions all adding to the positive vibe.
Stolt-Nielsen does not expect the chemical tanker market to improve until the later part of next year.
Sovcomflot (SCF) is ordering five LNG-powered aframaxes for Rosneft at Zvedza Shipbuilding Complex.
Following a relatively small oil spill off Athens 10 September, that authorities have been accused of handling poorly, Greece’s Prime Minister Alexis Tsipras and Shipping and Island Policy minister, Panagiotis Kouroumplis, have pledged a shake-up of the Hellenic Coast Guard, the way ship’s seaworthiness certificates are issued, and a review age limits.
An upturn in the tanker market is not seen until the end of 2018 as oversupply and newbuilding orders dog the market.
Thailand’s newly-listed Prima Marine (PRM) is planning to double the size of its fleet over the next three years, including the purchase of at least one VLCC and two FSO vessels, reports said.