Europe

SFL Corporation has acquired a newly-built 308,000-dwt VLCC from Landbridge Group under a resale deal, and bareboat charter it back for seven years.

Spot rates for crude tankers are expected to be negatively impacted later this year and into 2021, though tanker supply fundamentals can offer a positive counterbalance, according to Teekay Tankers.

Athens-based METIS Cyberspace Technology has introduced ‘Live Dashboards’ which it describes as offering live overview of the operational status and performance of critical machinery equipment onboard, in an easy and functional way.

Bibby Marine Services has provided further details of its WaveMaster Zero C R&D project which has just been awarded funding from the MarRI-UK collaborative initiative between British industry and academia.

Chinese shipyards are staging a sharp recovery and many are operating close to normal. This was the message from shipping guru Martin Stopford, speaking after a virtual press conference yesterday held by SMM organisers, Hamburg Messe.

Dalian Shipbuilding Industry Company (DSIC) and classification society DNV GL have signed a joint vessel development project agreement via online conference.

Dry bulk shipping is “very close” to seeing a supply and demand balance and an improved outlook is expected in the second half of this year and into 2021.