ombugge
January 25, 2023, 9:34pm
303
Sanctions against Russia change the shipping pattern from the Russian Arctic:
ombugge
February 15, 2023, 10:01pm
304
Cutting down on ballast voyages to reduce GHG emission make sense in these CII days:
KCC Chartering, a subsidiary of Klaveness Combination Carriers (KCC), and Raizen, a Brazilian energy company, have signed a three-year contract of affreightment (COA) for the shipment of liquid and dry products. With ships often traveling empty,...
Estimated reading time: 1 minute
About KCC:
ombugge
February 20, 2023, 2:46pm
305
Tanker market is booming, finally:
Tankers have gone from multi-decade lows to near historical highs over the past 12 months, with a number of records being broken. Average tanker earnings are now on track to have remained above $40,000 a day for eight months, the longest stretch on...
Estimated reading time: 1 minute
Which means good opportunity to get rid of old tonnage:
Vintage VLCCs are selling faster at higher prices as each week of the year passes, with the most active selling nationality being Chinese. Staff working for Chinese shipowning giant COSCOâs sales and purchase department have had to stay up late these...
Estimated reading time: 1 minute
When the tanker market turn it will be good times for breakers.
ombugge
February 21, 2023, 10:47am
307
Nothing (good) last forever in shipping:
ombugge
February 21, 2023, 11:21am
308
Anglo Eastern grow to 700 ships:
Cementing its place on the shipmanagement podium, the fleet at Hong Kongâs Anglo-Eastern is about to surpass the 700-ship mark. Speaking at the companyâs annual conference in Mumbai, where more than 1,000 delegates are in attendance including Splash,...
Estimated reading time: 2 minutes
The Anglo-Eastern boss then stressed that his was a very different company.
What, only ONE TEA each for the delegates???
ombugge
February 24, 2023, 3:05pm
310
Teekay takes advantage of the tanker market boom to buy back ships:
Canadian owner Teekay Tankers has given notice that it will exercise purchase options on nine vessels under sale and leaseback agreements. The New York-listed firm is paying $164m for the transactions that will be funded using cash on hand and...
Estimated reading time: 2 minutes
ombugge
February 25, 2023, 10:00pm
311
âWeâve given China too much control over global supply chains, and I think we need to be focused on resolving that issue,â Johnson said. âAnd a number of the provisions weâre including in an updated Ocean Shipping Reform Act really make sense when you view China as an adversary, particularly the Chinese Communist Party.â
Chinese shipping is shivering in fear!!
Meanwhile:
Good times for sellers of old VLCCs:
Epaminondas Embiricos-led Aeolos Management is dominating VLCC S&P headlines, pumping the market with ships bought cheaply in recent years and finding buyers keen to haul Russian oil. The savvy London-based Greek owner is making a fortune,...
Estimated reading time: 1 minute
Here is why:
TankerTrackers.com, one of the worldâs foremost sources covering illicit movements of oil, has worked out that one in five VLCCs trading today are âup to no goodâ. The Samir Madani-led platform tracks ships breaking sanctions against Iran, Venezuela...
Estimated reading time: 2 minutes
PS> Worth noting that EU has no sanctions on shipping to/from Iran, or Venezuela.
This may not be a subject that interest most seafarers, but it may affect them without them having any influence on, or knowledge of, what is happening in the world of money:
Andrew Craig-Bennett makes his return with some timely advice for owners. There might be a problem with banks, or there might not be. All we can say for sure, today, is that UBS has acquired the Greek private client business that used to be such a...
Estimated reading time: 4 minutes
One paragraph caught my attention:
What this really tells us is that the denizens of the world of money are easily spooked at the moment. The big thing that has happened is that interest rates are no longer boring, hence much revaluing of bond holdings, and âsocialising losses whilst privatising gainsâ, the main hobby of the powerful for the past 16 years now takes the form of marking bond holdings at face value rather than at the NPV of their miniscule coupons, replacing âquantitative easingâ as the way on which to leave the losses with the Have Nots and showering pelf on the Haves.
If you wonder what âpelfâ means:noun , ARCHAIC
money, especially when gained in a dishonest or dishonourable way.
Cosco Shipping Specialized Carriers invest in 30 vessels:https://www.seatrade-maritime.com/finance-insurance/cosco-shipping-specialized-carriers-investing-30-vessels
The fund will be used to lease 29 multi-purpose pulp carriers, including twelve 62,000 tonne, twelve 70,000 tonne and five 68,000 tonne multi-purpose vessels, and build one 65,000 tonne semi-submersible vessel.
Maybe this is going to be a new megatrend?:
A joint venture between Infinity Maritime and 5 Ocean Shipping Management has taken delivery of the , a 2011-built supramax bought from Chandris for $14.9m as shipping prepares for a digital future with fractional ownership of vessels via online...
Estimated reading time: 1 minute
ombugge
April 26, 2023, 12:29pm
322
Not everybody are as optimistic:
AJ Rahman, founder and CEO of Norvic Shipping, explains why depending on the fortunes of one economic powerhouse is risky. When China sneezes, the world catches a cold is a common phrase for explaining the Asian nationâs impact on the global economy....
Estimated reading time: 4 minutes
