US investment bank JPMorgan closing in on 4 x 50K DWT tankers under construction in China:
Several broking reports have details of active banking giant JP Morgan proceeding with its second deal this month. Last week JP Morgan went for dry tonnage, widely reported snapping up a 2016-built capesize. This week the financial player is reported...
Estimated reading time: 1 minute
The seller has timed the market well, ordering for significantly less than the reported sales price. (US$152m) The buyer of the ships, meanwhile, is hoping to catch the ongoing upturn in this segment with reported fixtures breaching the US$100,000 per day barrier in recent weeks as trading patterns adapt to the ongoing war in Ukraine.
Singapore is getting one more Ship Management company in itâs already swelling âportfolioâ:
Hong Kongâs Fleet Management has launched a new integrated shipmanagement business in Singapore in collaboration with MMSL, a Singapore subsidiary of Japanese conglomerate Marubeni. The new unit, named MaruFleet Management, will provide dedicated...
Estimated reading time: 1 minute
Singapore retain top spot as Maritime Hub:
The accolades for Singaporeâs maritime prowess show no sign of drying up. The Southeast Asian city-state has secured the top spot once again in the Xinhua-Baltic International Shipping Centre Development Index Report released today. It is the ninth...
Estimated reading time: 2 minutes
Not bad for a working class boy from the western part of Oslo:
Here is a great possibility for Jones Act tankers to get into the international shipping market.
By Chunzi Xu (Bloomberg) âThe US is exporting diesel at the fastest ever rate as the global marketâs thirst for fuel remains insatiable. As much as 1.39 million barrels a day...
Est. reading time: 2 minutes
[quote]
Those interested in driving change in the maritime industry are invited to submit their ideas through the website:https://www.esg-innovation.com/maritime-dei-lab-2022/
ombugge
September 14, 2022, 9:43am
237
Managing commercial risk in shipping is not an easy task:
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ombugge
September 20, 2022, 10:31am
238
Singapore-based Eastern Pacific Shipping (EPS) has sealed a long-term charter deal with US shipping and logistics company Crowley for four LNG-fuelled newbuild containerships. The 1,400 teu vessels will be built by Koreaâs Hyundai Mipo Dockyard and...
Estimated reading time: 1 minute
The 1,400 teu vessels will be built by Koreaâs Hyundai Mipo Dockyard and deliver in 2025, expanding Crowleyâs fleet and supply chain capabilities connecting US markets to Nicaragua, Honduras, Guatemala and El Salvador.
PS> It doesnât say if these ships will be on Bareboat Charter, or long term TC (??)
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quote :Operating under a long-term time charter to Crowley, the ships will be connecting U.S. markets to Nicaragua, Honduras, Guatemala, and El Salvador. end quote
source: Crowley charters LNG-fueled boxship quartet from Eastern Pacific Shipping - Offshore Energy (offshore-energy.biz)
ombugge
September 21, 2022, 11:44am
241
Thanks!!
PS> Long-term TC appears to be the case for all the other Container ships in the EPS fleet as well:
PPS> EPS has the largest LNG powered, or prepared, fleet in the world.
ombugge
September 22, 2022, 10:44am
242
Splash 24/7 publish their annual Singapore Market Report 2022:
Today sees the launch of Splashâs latest annual report. Published to coincide with Singaporeâs de facto second maritime week of the year, the 60-page Splash Singapore Market Report 2022 is a frank assessment of where the maritime hubâs strengths and...
Estimated reading time: 2 minutes
The full report:
The two leading maritime hub reports - one compiled by DNV and Menon Economics, and the other by the Baltic Exchange and Xinhua - both crowned Singapore again as the worldâs top shipping city this year, an annual event that is becoming a ritual, so...