Category: Hoortash Iranian

Hoortash Iranian
3 Mar by

Polaris VLOC salvage progresses

March 3rd, 2020 Sam Chambers Americas, Asia, Dry Cargo, Operations 0 comments Polaris Shipping, the Korean owner of the grounded, fully laden Stellar Banner VLOC off Brazil, reports that the oil sheen seen around the stricken four-year-old ship has disappeared but anti-pollution measures remain in place. Police have opened up an investigation into the accident […]
Hoortash Iranian
2 Mar by

SeaBird Exploration secures contract extension for research vessel

March 2nd, 2020 Jason Jiang Europe, Offshore 0 comments Seabird Exploration has secured an extension for the charter contract of its research vessel Petrel Explorer. The charter period of the contract has now been extended to May 31. Additionally, the company has received indicative bid interest from a prospective buyer of the vessel. “Given the positive […]
Hoortash Iranian
2 Mar by

Shearwater awarded 3D survey by Total

March 2nd, 2020 Jason Jiang Europe, Offshore 0 comments Shearwater GeoServices has been awarded a major towed streamer 3D acquisition and fast track processing project in the Black Sea by Total. The survey covers 5,500 sq km in the Han Asparuh block using Flexisource triple source together with fast track processing enabled by Shearwater’s proprietary […]
Hoortash Iranian
2 Mar by

Chinese port volumes stabilising

March 2nd, 2020 Sam Chambers Containers, Greater China, Ports and Logistics 0 comments A swathe of data published in recent days suggests the worst is over for now in terms of plunging port volumes at Chinese ports in the wake of the coronavirus, an illness that saw the nation’s manufacturing index plummet to record lows […]
Hoortash Iranian
1 Mar by

TPM cancelled hours before it was meant to open its doors in Long Beach

March 1st, 2020 Sam Chambers Americas, Containers 0 comments TPM, container shipping’s largest event, was cancelled over the weekend, less than 24 hours before it was scheduled to open its doors in Long Beach.  “Given the deteriorating situation regarding the spread of the COVID-19 disease, unfortunately it is necessary to cancel TPM20 scheduled for March 1-4, […]
Hoortash Iranian
29 Feb by

Salvors ready plans for grounded Polaris VLOC off Brazil

February 29th, 2020 Sam Chambers Americas, Dry Cargo, Operations 0 comments Salvage tugs are in place trying to keep the grounded Stellar Banner very large ore carrier from rocking too much in the waves for fear the ship’s hull will breach and its 4,000 tons of bunker oil will spill out.  The Polaris Shipping giant […]
Hoortash Iranian
28 Feb by

Liner bankruptcy potential at highest levels recorded

February 28th, 2020 Sam Chambers Containers 0 comments Container shipping has been warned in a new report it could face another Hanjin Shipping style collapse with one key liner bankruptcy indicator on red alert. The potential for liner bankruptcy potential is at its strongest in the 10 years that US consultants AlixPartners have been tracking […]
Hoortash Iranian
28 Feb by

Dark patches around grounded Polaris VLOC spark fears of bunker spill

February 28th, 2020 Sam Chambers Americas, Asia, Dry Cargo, Environment, Operations 0 comments Aerial images recorded by the Brazilian Navy yesterday show a series of dark spots around the Stellar Banner, a fully laden very large ore carrier that ran aground on Monday night 100 km from Vale’s Ponta da Madeira Maritime Terminal in the […]
Hoortash Iranian
28 Feb by

SM Line cuts executive salaries by 10 percent citing coronavirus outbreak

February 28th, 2020 Jason Jiang Asia, Containers, Operations 0 comments South Korean shipping firm SM Line has announced that it will cut the salaries of company executives by 10 percent as the company deals with a major decline in traffic volume amid the outbreak of the coronavirus in both China and South Korea. As part […]
Hoortash Iranian
28 Feb by

Breakwave Advisors: Profiting from the coronavirus

February 28th, 2020 Splash 24/7 Americas, Dry Cargo, Maritime CEO 0 comments One man who has profited tidily from the turmoil seen in the dry bulk markets this year is John Kartsonas, the founder of Breakwave Advisors, the creators of the Breakwave Dry Bulk Shipping ETF (BDRY). The exchange-traded fund (ETF) launched two years ago […]

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