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Poor Freight Rates Instrumental in Q3 Profit Decline of Nearly 50% for Maersk
Nov 9, 2015 ... of about $3.4 billion for 2015 overall "reflects good performance in very challenging oil and container shipping markets." Maersk posted a profit of $778 million for Q3 2015, compared to $1.5 ...
Moody's Upgrades Global Shipping Outlook to "Stable" on Continued Low Bunker Prices
Nov 3, 2015 ... growth linked to slowing demand from China's economic slowdown. Excess supply will hit the container segment the hardest, "particularly in 2015," says Moody's, noting that EBTIDA growth is ...
Ship Operating Costs to Escalate in 2016: Moore Stephens
Nov 3, 2015 ... highest level of increases in 2016: 3.4 percent compared to the survey average of 3.1 percent (the container ship sector closely follows at 3.3 percent). Shipowners and managers cite finance costs ...
DNV GL Unveils More Fuel Efficient 20,000 TEU Box Ship Design
Oct 29, 2015 ... system it says has the potential to be a more efficient, more flexible, and greener ultra large container carrier (ULCC) design than those of current vessels. The study, known as the Piston ...
Call for Tougher New Zealand Bunker Spill Laws
Oct 14, 2015 ... total, 39,000 litres of oil was said to have have spilled into harbours since the MV Rena container ship ran aground on the Astrolabe Reef in October of 2011, causing 350,000 litres of ...
India Plans Box Ship Bunker Tax Break
Oct 8, 2015 ... eased customs and excise duties on bunkers by extending the tax exemptions to ships carrying containers domestically, Reuters reports. According to separate reports, the Indian Ministry of ...
Bunker Spill As Dutch Freighter Sinks After Collision with LNG Tanker
Oct 7, 2015 ... natural gas (LNG) tanker Al-Oraiq Tuesday morning 10 km off the Belgian Coast, resulting in oil leakage from the Flinterstar's tanks, Reuters reports. While the amount of oil leaked from ...
Moore Stephens: Shipping Industry Costs Continue to Fall
Oct 6, 2015 ... tanker index is reported to have dropped 1.1 percent, the bulker index lost 0.6 percent, while the container ship index is down by 1.2 percent. Richard Greiner, Partner at Moore Stephens, ...
LNG Bunkers Could Save NE Feeder Vessels $55,000 per Trip vs ECA Compliant MGO
Oct 1, 2015 ... Emissions Control Area (ECA) compliant MGO, The Load Star reports. Speaking at last week's JOC Container Trade Europe event in Hamburg, Eden said the "considerable" cost savings would be ...
TOTE: LNG Bunkers Are the Answer to Oil Price Volatility
Sep 25, 2015 ... long-term horizon with that kind of volatility." TOTE launched the world's first two LNG-powered containerships earlier this year, while worldwide there are reportedly about 70 ships running on ...