Latest News for: Vessel values


Secondhand and scrapping prices surge on shipping bull run

Seatrade Maritime News 03 Aug 2021
A ten-year-old Panamax vessel – 4,500 teu– would have sold typically for around $9.5m in June 2020. Three weeks ago, such vessels were being valued at around $60m ... Tankers and offshore vessels are weak ... Some tankers are already heading for recycling yards where Bangladeshi breakers are leading the fray, shelling out $600/ldt and more for some vessels.

Solstad Offshore offloads AHTS

Splash24/7 03 Aug 2021
The Oslo-listed shipowner has not revealed the value of the transaction ... Delivery of the vessel has already taken ...

State dollars roll in for Ilwaco projects

The Daily Astorian 03 Aug 2021
ILWACO, Wash. — The state dollars just keep on rolling in for the city and port of Ilwaco ... Maritime Administration ... said ... The tonnage and ex-vessel value of commercial seafood landed at the port’s commercial seafood businesses are required metrics when competing for federal funding to maintain the port’s entrance channels ... said ... Glenn Jr ... ....

Bridgette Gasa to lead mega projects at TNPA

Independent online (SA) 02 Aug 2021
The appointment comes as South Africa celebrates Women’s Month ... Transnet said all its operations would be up and running by today ... Even though it remains one of the largest ports in sub-Saharan Africa in terms of cargo value and vessel calls a year, Durban lost its lucrative status in recent years to Morocco, followed by Egypt ...

Bigger ships, more frequent and severe transit delays

Seatrade Maritime News 30 Jul 2021
Value created; value destroyed ... Although many ports are working to accommodate bigger ships by expanding their facilities and upgrading their operations, the stresses and strains associated with these mega-vessels only increase the potential for a value-destroying delay.

Ever Given Arrives in Rotterdam, Ending Suez Canal Saga

The Maritime Executive 29 Jul 2021
The vessel arrived at the ECT Delta terminal at Rotterdam early Thursday and will be in port until Tuesday ... However, the vessel's ordeal was not over ... Some cargoes on the vessel are seasonal or perishable, and these consignments have lost a significant fraction of their market value over the span of four months of waiting.

DeepSea Technologies Secures €5 Million in Funding

The Maritime Executive 29 Jul 2021
“This vote of confidence by a leader in maritime technology such as Nabtesco, following a rigorous technical due diligence process, confirms the value of our ground-breaking AI technology, which can model the behaviour of vessels with unprecedented accuracy to immediately deliver cost and CO2 emissions reductions of over 10%.

ORIX places first order for eco bulk carriers

Dry Bulk 28 Jul 2021
The two vessels will be built by TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING, Inc ... of 20% from the standard value. The vessels being ordered this time satisfied in advance with EEDI Phase 3 (30% reduction from the standard value) which will be applied to new vessels starting from 2025.

Make sure you take the right road

Commonwealth Journal 28 Jul 2021
Proverbs 26.23 speaks of this, the way is misleading "Like common clay vessels covered with the silver dross." It appears right, it appears to have value, it appears to be leading in the right direction, but is not ... Input your life, your ideas, your principles and values into the GPS - God's Positioning System.

Investors Complete Purchase of STX Renaming Yard K Shipbuilding

The Maritime Executive 27 Jul 2021
KDB confirmed the end of creditor management with Korean media reports stating the deal was completed at a value of just over $217 million ... STX reported a total of 12 orders for tankers bringing the yard’s orderbook to a total of 28 vessels with an option for two additional oil tankers.

North Carolina commercial fishermen landed less seafood in 2020; Recreational harvest remained stable

Island Free Press 23 Jul 2021
Commercial fishermen sold 42.9 million pounds of fish and shellfish to North Carolina seafood dealers in 2020, a decrease of 19% from 2019 and about a 23% decrease from the previous five-year average ... Species Pounds Landed Estimate Dockside Value (Ex-Vessel). Hard Blue Crabs 13.1 million $19.1 million. Shrimp 9.7 million $22.3 million ... ....

ECONNECT Energy and Amon Maritime Launch Azane Fuel Solutions

The Maritime Executive 20 Jul 2021
Together with project partners, spanning the entire value chain from ammonia production to consumption of ammonia as fuel on board vessels, the project will develop and demonstrate an ammonia fuel bunkering network for ships, enabling cost efficient and safe distribution, storage, transfer and utilization of ammonia as a carbon free fuel.

PH calls WTO members to fast-track deal removing fisheries subsidies

Manila Bulletin 19 Jul 2021
In the Philippines, illegal fishing amounted to 27 to 40 percent of fish caught in 2019, which translates to approximately P62 billion (US$1.3 billion) in value annually. Moreover, at least 30,000 or 30 percent of municipal vessels remain unregistered, and commercial fishers do not report up to 422,000 metric tons of fish each year. .

NYPE Performance Claims: Proving Breach and Quantifying Loss

The Maritime Executive 18 Jul 2021
It is a warranty of the vessel’s ‘capability’ at the time of delivery and not a continuing one ... Suppose that the vessel achieved a lower speed at lower consumption ... On the first stage, the nearer the sample period is to the time of delivery, the better its value as representative of the vessel’s capability on delivery.

Shipbuilding, shipping industries agree on steps to carbon neutrality

Korea Times 18 Jul 2021
A Hyundai Heavy Industries LNG vessel / Courtesy of Hyundai Heavy Industries ... "Eco-friendly vessels mean high value-added ships with low-carbon or zero-carbon ships that utilize eco-friendly fuels such as hydrogen and ammonia, as well as next-generation ship propulsion systems such as electricity or hybrid ships," the ministry said.