Latest News for: Vessel values

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Furetank orders two more LNG/LBG-powered product tankers

Splash24/7 23 Sep 2022
Furetank said the ships have scored the best energy efficiency design index (EEDI) value in their segment globally, meaning that they are the most energy-efficient vessels according to the International Maritime Organization (IMO).
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Italy’s Guardia di Finanza Accepts New Flagship by Damen Shipyard

The Maritime Executive 23 Sep 2022
The 60-metre vessel was built at the Cantiere Navale Vittoria Shipyard (CNV), based in Adria on Italy’s northern Adriatic coast, under Damen’s Technical Cooperation programme ... We are pleased that our local build program has enabled us to deliver a such a sophisticated vessel alongside a trusted and valued partner.” ....
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ABS: Green shipping corridors can drive energy transition

SAFETY4SEA 23 Sep 2022
What is more, ABS’s Chairman added that “green corridors help to shrink the challenge of coordination between fuel infrastructure and vessels, within the value chain and between regions, down to a more manageable size while retaining scale.”.
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South Laguna beaches could fall under city control if OC supervisors agree to transfer

Orange County Register 23 Sep 2022
Harbor Patrol operates their vessels from both Newport Harbor and Sunset Beach. “We value our beaches and have no intent in getting out of beach management,” she said, adding that in Laguna Beach, it made sense to make the beaches cohesive, so there isn’t confusion over lifeguard and beach regulations in one city.
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DSME inks another LNG carrier duo with shipowner for Qatari business

Tradewinds 22 Sep 2022
... the two LNG vessels with the value giving a per ship price of $211.9m.
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TMS Cardiff Gas linked to latest QatarEnergy-backed LNG orders at DSME

Tradewinds 22 Sep 2022
DSME reported on Thursday that it had secured the two LNG vessels with the value ...
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Study: Investment in LNG Bunkering Could Lead to $850B Write-Down

The Maritime Executive 21 Sep 2022
The analysis suggests that more expensive LNG-capable vessels would see reductions in their value to match the value of similar aged but lower-cost conventional vessels designed to use fuel oil ... Even if LNG-capable vessels are retrofitted to run on scalable zero emission fuels ...
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New UCL report claims $850bn of LNG-capable tonnage risks being stranded by 2030

Splash24/7 21 Sep 2022
Whilst policy and competition would affect all ships built to use fossil fuels, the analysis suggests that more expensive LNG-capable assets – also known as LNG dual-fuel – would see reductions in their value to match the value of similar aged but lower cost conventional vessels designed to use fuel oil.
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LNG- fueled ships are at risk of financial losses, warns new UCL study

SAFETY4SEA 21 Sep 2022
Whilst policy and competition would affect all ships built to use fossil fuels, the analysis suggests that more expensive LNG-capable assets (also known as LNG dual-fuel) would see reductions in their value to match the value of similar aged but lower cost conventional vessels designed to use fuel oil.
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NAVTOR & ScanReach Sign Agreement Transforming Vessel Data into Value

The Maritime Executive 21 Sep 2022
Arild Risholm Sæther, CBDO NavFleet, NAVTOR, describes it as“A breakthrough means of unlocking the true value of vessel data." ... Mr Sæther explains further, “Capturing critical vessel data is one thing while utilising it for better operational and business awareness and decision making is another.
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UCL Energy Institute warns of possible ‘stranded’ LNG assets

Seatrade Maritime News 21 Sep 2022
In a study timed to coincide with a Marine Money conference taking place in New York this week during New York Climate Week, the authors warn that the LNG-capable fleet could be competing with zero-emission vessels by the end of the decade, with asset values seriously compromised as a result.
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UCL Energy Institute warns of $850 billion in ‘stranded’ LNG assets

Seatrade Maritime News 21 Sep 2022
In a study timed to coincide with a Marine Money conference taking place in New York this week during New York Climate Week, the authors warn that the LNG-capable fleet could be competing with zero-emission vessels by the end of the decade, with asset values seriously compromised as a result.
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Staycations fuel growth for J.R. Rix & Sons

The Business Desk 21 Sep 2022
Maritime Bunkering, which supplies marine fuels to shipping vessels, saw revenue almost double, up from £32.1m in 2020 to £55.6m last year, but as with Rix Petroleum, this is largely attributable to the higher oil price ... However, the used car market experienced unprecedented rising values, resulting in increased unit profitability for the company.
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Premiums Are Up, But Marine Insurers See Uncertainty Ahead

The Maritime Executive 21 Sep 2022
The premium increase was driven by rising trade volumes, a stronger dollar, a rebound in the offshore sector and higher vessel values. However, there are still challenges to navigate ahead ... Meanwhile, the cost of repairs for damaged vessels has risen due to inflation ... Cargo premiums were up in most markets, with China leading the pack ... ....
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IUMI: Increase in cargo insurance premiums

SAFETY4SEA 21 Sep 2022
The much-needed correction has yielded favourable underwriting performance.” ... Ms ... Isabelle Therrien added ... Lifted by a combination of increased global trade volumes, a stronger US dollar, increased offshore activity and higher vessel values, premiums for cargo, hull, offshore energy and marine liability rose in 2021 ... ....

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