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The year has not started off well or the shipping industry and the cause of marine safety. The fatal fire aboard the vehicle carrier Sincerity Ace cost the lives of five seafarers and will have destroyed 3,600 cars and most probably the vessel...
Early assessments of the price spread between 3.5% high sulphur bunker fuel and 0.5% low sulphur fuel are indicated at as low as $40 to a high of $104 per metric tonne (pmt), according to data drawn from Platts and Taiwan’s oil refiner CPC Corp...
What happens when a warm front, in the form of improving prospects in the drybulk and other corners of the maritime markets, clashes head on with a cold front, in the form of overall economic nervousness sprinkled with interest rate hikes, a China...
As 2018 draws to a close we take a look at what were the top stories each month on Seatrade Maritime News. This week we look at January through to June, with July to December to follow next week.
If only to exploit its unique location at the mouth of the Red Sea, Saudi Arabia, under a new liberal and progressive regime, is making a concerted effort to be a logistics hub for three continents – Asia, Europe and Africa.
The LNG shipping market is expected to enjoy a positive foreseeable outlook with demand on the rise on the back of a global thirst for cleaner fuels and spot rates touching multi-year highs in the last quarter of 2018.
There will be more consolidation in the ship management sector as company founders decide on their future and mid-sized managers come under pressure, believes Anglo-Eastern ceo Bjorn Hojgaard.
Journalists everywhere know that feeling – if someone tells you “this is not a news conference”, it’s probably worth reaching for your notebook or, at the very least, paying attention. The occasion was the International Salvage Union (ISU) marine...
Rates for OSVs in the US remain underwater but utilisation levels are starting to rise and a “rational” approach to stacking and drydocking by owners could see pricing power start to return.