Ship Financing Down to Its Lowest Level Since 2008 as Banks Continue to Exit the Sector

Ship financing has continued to retreat, now at its lowest level since the global financial crisis of 2008, said Petrofin Bank Research, in its latest annual survey. Some of its highlights are the following:

Greek Ship Owners Dominate the LNG market

The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020.

Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage

While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum.

First Session of Training for “Ship Exhaust Gas Cleaning System” successfully held in 2019

On August 31, 2019, Tangshan Worldwide Ship Equipment Co., Ltd. carried out the first session of training for “Ship Exhaust Gas Cleaning System” for crew members from Huayang Maritime Center. 14 Chief Engineers and 6 Superintendent engineers attended the

Ship Recycling Market Ends Summer of Discontent

The ship recycling market hasn’t had the best of summers, when it comes to the level of activity noted.

Chinese ship inches closer to Vietnam coastline amid South China Sea tensions

A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam’s coastline, ship tracking data showed, after the United States and Australia expressed concern about China’s actions in the disputed waterways.

World’s Largest Container Ship Completes First Voyage From Asia To Europe

MSC Mediterranean Shipping Company today announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.