Category: Hoortash Iranian

Hoortash Iranian
14 Feb by

ICS hits out at Panama Canal price hikes

February 14th, 2020 Jason Jiang Americas, Operations 0 comments International Chamber of Shipping (ICS) has warned owners that ships passing through the Panama Canal may face more than 30% higher costs under new Panama Canal Authority measures, and has called on the authority to postpone the introduction of a new charge. According to ICS, The […]
Hoortash Iranian
14 Feb by

World’s third largest steelmaker to close 10% of capacity

February 14th, 2020 Sam Chambers Asia, Dry Cargo 0 comments The world’s third largest steelmaker, Nippon Steel, will shut nearly 10% of its production capacity to staunch losses amid falling demand. Nippon Steel has announced it will close three blast furnaces in Japan as it braces to report a $4bn loss for the current financial […]
Hoortash Iranian
14 Feb by

Havila Shipping PSV gets new contract with Equinor

February 14th, 2020 Grant Rowles Europe, Offshore 0 comments Norway’s Havila Shipping has announced a new contract with Equinor Energy for 2011-built platform supply vessel Havila Clipper. The contract is for a firm period of eight months, and includes four options of two months each. The new contract will start in direct continuation of the […]
Hoortash Iranian
14 Feb by

Valaris secures slews of new contracts

February 14th, 2020 Jason Jiang Europe, Offshore 0 comments Offshore driller Valaris has secures a series of new contracts for its drilling units, according to the company’s latest fleet status report. The company has been awarded contracts for four of its drillships. Valaris DS-15 has secured a contract extention due to the exercising of a […]
Hoortash Iranian
14 Feb by

NS United bulker captain goes missing

February 14th, 2020 Jason Jiang Asia, Dry Cargo, Operations 1 comments The US Coast Guard along with the US Air Force and several regional authorities are searching for the captain of panamax bulk carrier Rising Wind, who went missing when the ship was sailing near Guam on Tuesday. The vessel was headed to Australia, from […]
Hoortash Iranian
13 Feb by

SM Line signs with MSC and Maersk on the transpacific

February 13th, 2020 Sam Chambers Asia, Containers, Europe 0 comments As MSC and Maersk prepare to bid farewell to partner HMM, they’ve found a new Korean liner to help out on the transpacific. HMM, South Korea’s flagship carrier, will join rival THE Alliance on April 1. MSC and Maersk, the founder of the 2M grouping, […]
Hoortash Iranian
13 Feb by

BP’s new CEO makes sweeping changes in net zero vow

February 13th, 2020 Sam Chambers Environment, Europe, Tankers 0 comments Carol Howle has been tasked by the new boss at BP to take the energy giant’s shipping activities towards net zero emissions. In a significant announcement yesterday, BP’s new CEO Bernard Looney has said he will make the company net zero on an absolute basis […]
Hoortash Iranian
13 Feb by

Weekly Broker: Capes bottom out

February 13th, 2020 Jason Jiang Containers, Dry Cargo, Operations, Tankers 0 comments The bargain hunters made another round of acquisitions this week in the secondhand bulker S&P market with the hope that the capesize market has bottomed out, while the tanker S&P market saw a downward correction this week with the coronavirus casting a shadow […]
Hoortash Iranian
12 Feb by

Euronav acquires three newbuild VLCCs

February 12th, 2020 Jason Jiang Europe, Tankers 0 comments Belgian tanker owner Euronav has entered into an agreement for the acquisition of three resale VLCC newbuildings, currently completing construction at DSME in South Korea. The total purchase price for the three vessels is $280.5m All three vessels will be fitted with scrubbers and ballast water treatment […]
Hoortash Iranian
12 Feb by

Emerging Korean owners lead bulker S&P revival

February 12th, 2020 Hans Thaulow Asia, Dry Cargo 0 comments It’s been a busy week in the sales and purchase segment with plenty of bidders all hoping that the severe rates dive seen in the dry cargo segment has finally bottomed out. The Baltic Dry Index has snapped its losing streak this week, having skirted […]

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