Oil product tankers earnings have skyrocketed in the first half of 2020, while the sale and purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in the first five mont...
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Østensjø Newbuilds to be Equipped with Electric Voith Schneider Propellers
Voith reports it will deliver eight electric Voith Schneider Propellers (eVSP) to the Norwegian shipping company Østensjø, for four offshore wind service operation vessels (SOV) that are being built at the Astilleros Gondán shipyard in Spain…
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Damen Delivers Trawler Jonge Johannes
Damen Maaskant Shipyards Stellendam has recently delivered a twin-rig fly shooting trawler to Urk-based brothers Rense and Johannes de Boer. The new vessel is the LT 295 Jonge Johannes.Damen said it worked with Vripack on the design of the LT 295.
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Brazil on a Grain Exporting Spree
Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday.Exports of corn ...
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SOI: Amidst Pandemic, Seafloor Mapping Zooms Ahead
Scientists working remotely with Schmidt Ocean Institute (SOI) have completed a first look at deep waters in the Coral Sea, despite the continuing COVID-19 pandemic. As one of the only at-sea science expeditions to continue operations, the team…
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Oil Barrels Come Off the Water as Storage Boom at Sea Fades
Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say.Fuel demand tumbled as much 30% from March to May…
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Baltic Index Sees Best Month on Record
The Baltic Exchange's main sea freight index edged higher on Tuesday, helped by gains in supramax and panamax vessel rates, and marked its best month on record.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflect...
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Shipbuilders Council of America Honors Buzby
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today honored Maritime Administration (MARAD) Administrator Mark H. Buzby with the SCA Maritime Leadership Award during this year’s virtual adv...
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North Completes Integration of Sunderland Marine
North P&I Club announced it has completed the integration of the Sunderland Marine Insurance Company Limited business into parent company The North of England Protecting and Indemnity Association Limited.The formal transfer of business, which takes eff...
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The Little Bender That Could
Okay it’s not that little – it can bend up to 220 metric tons (240 US tons).But in the larger scheme of the U.S. economy, security and infrastructure; or of the country’s maritime competitiveness; or even the financial health of the Dakota Creek Indust...
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