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Bimco: Alarmingly weak bulk vessel scrapping activity

Bulk:

A large number of new vessels are headed into the dry bulk market in 2017 and 2018, which creates a major need for scrapping if the sector is to stand any chance of being profitable in 2019, warns Bimco.


BY DANIEL LOGAN BERG-MUNCH
Published 02.01.17 at 13:11

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Are MPP owners headed out of a ten-year slump?

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Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container.

Police raid Stellar Daisy carrier in wreck investigation

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Police in South Korea have raided Polaris Shipping's offices in Seoul and Busan. Investigators are hoping to find new information concerning the cause of the tragic accident in April in which the carrier's vessel, Stellar Daisy, sank in the South Atlantic.

Dry bulk terminals fail test of high-risk cargoes

Bulk:

The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.

New dry bulk company works solely for Noble Chartering

Bulk:

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"An industry downturn is exactly what we need"

Bulk:

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

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Bulk:

While many dry bulk carriers are struggling severely with their finances, the Lübeck-based family-owned carrier Oldendorff continues its massive fleet expansion. Market observers are puzzled by the development. Read on to learn how many ships the fleet now covers.

Current front page

Maersk confirms: IT crash is caused by hackers

Maersk Line container 1 Container:

A hacker attack has triggered a large-scale crash of Maersk Group's IT systems, the company tells ShippingWatch. It remains unknown how the group's customers will be impacted. APM Terminals has also been struck in ports in the US and Netherlands.

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Container:

Just as a wave of mergers and acquisitions has consolidated container carriers in recent years, the many German tonnage owners need to join forces. One of the premier personalities in German shipping, Claus-Peter Offen, tells ShippingWatch that he is ready to spearhead the process.

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Carriers:

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Services:

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Offshore:

The major bank will now lower its oil price estimates for the third and fourth quarters this year.

China investing billions in African LNG projects

Offshore:

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