News
  • The-world’s-first-crewless-ship-will-launch-next-year-2912.jpg
    The world’s first crewless ship will launch next year
    The world’s first crewless, automated ship will launch in 2018, reports the Wall Street Journal, and is expected to be fully autonomous by 2020. The Norwegian-built Yara Birkeland will use GPS, radar, cameras, and sensors to navigate itself around other boat traffic and dock on its own. It’s anticipated to cost around $25 million, which is about three times as much as a standard container ship of the same size. But investors say without the need for fuel or crew, annual operating costs would be cut by up to 90 percent. The vessel will become autonomous in stages, Yara said. Read more
  • IMO-sulphur-monitoring-data-analysis-shows-increase-in-average-residual-fuel-sulphur-2910.jpg
    IMO sulphur monitoring data analysis shows increase in average residual fuel sulphur content, product stem sizes down in 2016
    The yearly average sulphur content of tested residual fuel oils increased to 2.58% in 2016, up by 0.13% from 2.45% in 2015, according to data provided to the International Maritime Organization (IMO) from four providers of sampling and testing services. Read more
  • Dry-Bulk-Iron-ore-trade-could-face-further-complications-from-US-steel-policy-2909.jpg
    Dry Bulk: Iron ore trade could face further complications from US steel policy
    As if the dry bulk market didn’t its own problems to solve, it risks facing further complications from the looming shifts in steel trade policies. in its latest weekly report, Allied Shipbroking noted that “trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for the badly weathered US steel industry. This latest push has been based on a Cold War-era trade law that would allow him to restrict imports of any goods or in this case commodity, which is deemed to be critical to national defense. As far back as April, the new administration took steps to launch a special investigation into steel imports so as to ascertain whether under the 1962 law conditions were met to justify a limit to imports under the pretense of a threat to the country’s security”. Read more
  • Abu-Sayyaf-beheads-2-Vietnamese-hostages-military-2908.jpg
    Abu Sayyaf beheads 2 Vietnamese hostages – military
    (CNN Philippines, July 5) — The Abu Sayyaf group beheaded two Vietnamese nationals held hostage for almost eight months, the military said Wednesday. Read more
  • Multipurpose-shipping-market-to-strengthen-on-growing-demand-2907.jpg
    Multipurpose shipping market to strengthen on growing demand
    Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy Drewry. Read more
  • Dry-bulk-and-tanker-newbuild-contracts-20-higher-than-2016-2906.jpg
    Dry bulk and tanker newbuild contracts 20% higher than 2016
    Newbuild contracts have been signed for the dry bulk and tanker shipping industries at an increasing pace so far in 2017. The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017. Read more
  • Dry-Bulk-FFA-Supramax-Index-Firming-Up-2905.jpg
    Dry Bulk FFA: Supramax Index Firming Up
    The Supramax index remains in its technical support zone with pricing in the middle of the range. Read more
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