ShipOracle News
As metaphors go to highlight today’s tortuous trading environment, the fact that the Economic and Commodities Outlook session kicked off Friday’s Geneva Dry conference with an empty seat on stage was rather apt – Shamika Sirimanne, director of the UN Trade and Development’s division on technology and logistics, was snarled up in traffic just outside …
https://splash247.com/the-economic-and-commodities-outlook-from-geneva/
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ShipOracle News
Floods that have killed at least 85 people in Brazil’s Rio Grande do Sul have completely halted operations in three ports as well as put a stop to nearly all logistical operations in the state. According to the Civil Defense of Rio Grande do Sul, over 130 others are still missing over 19,000 people have …
https://splash247.com/massive-floods-cause-chaos-in-southern-brazil/
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ShipOracle News
To unwind the shadow fleet of tankers too quickly could cause a severe global economic shock, a new report has warned. The grey tanker fleet – as tracked by brokers BRS – has grown in size by 17% this year to number 787 units, equivalent to 8.5% of total tanker capacity. With more large ships …
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ShipOracle News
Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.The…
https://www.marinelink.com/news/tanzanian-lng-project-delayed-government-513493
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ShipOracle News
South African Nouum Engineering, a provider of diesel engine services for marine, power, locomotive and generators globally, and Mauritius-based ship repair and conversion yard Taylor Smith Shipyard (TSS) have signed a cooperation agreement…
https://www.marinelink.com/news/taylor-smith-shipyard-partners-nouum-513494
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ShipOracle News
Salvage crews within the Key Bridge Unified Command continue to prepare for the complex task of removing the large piece of bridge lying on top of the M/V Dali.Prior to removing the bridge piece, salvage teams must meticulously analyze and factor…
https://www.marinelink.com/news/inclinometers-readied-dali-operations-513495
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ShipOracle News
NYK Line, NYK Trading Corporation, Azbil Yamatake Friendly and Kayama Kogyo have begun recycling vehicle lashing belts that have passed their expiration dates for use on NYK-operated car carriers.Azbil Yamatake Friendly collects the belts and…
https://www.marinelink.com/news/used-vehicle-lashing-belts-recycled-solid-513497
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ShipOracle News
Pierre Aury dissects the merger between Star Bulk and Eagle Bulk. December 11 last year saw Star Bulk Carriers Corp and Eagle Bulk Shipping announce that: “the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (“NAV”) basis with a pro forma …
https://splash247.com/why-fleet-growth-is-not-a-guaranteed-recipe-for-success/
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ShipOracle News
The developer of an innovative towboat engineered to run on hydrogen generator technology has signed a Design Basis Agreement (DBA) with the U.S. Coast Guard, helping to clear the regulatory path toward the vessel's eventual entry into service.The first-of-its-kind vessel…
https://www.marinelink.com/news/maritime-partners-uscg-ink-design-basis-513474
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ShipOracle News
When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to…
https://www.marinelink.com/news/power-sailing-toward-shippings-climate-513475
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