Shipping
Swedish Club’s A- Rating reaffirmed
(Posted on 06/02/23)A.M.Best Ratings Services Ltd has affirmed its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for The Swedish Club."A.M. Best’s reaffirmed rating underscores the competitive position and attractiveness of the Club as a marine insurance provider,” says...
ClassNK issues AiP for jointly developed ammonia fuelled bulk carrier
(Posted on 27/01/23)ClassNK has issued an Approval in Principle (AiP) for a large ammonia fuelled 210,000 DWT bulk carrier jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and MITSUI & CO., LTD (MITSUI).Ammonia is expected to be used as a ship fuel for decarbonization since it does not emit CO2 when combusted. Meanwhile, adequate safety measures...
Baltic Exchange: Will higher steel values mean bulkers hold value?
(Posted on 27/01/23)Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange.Analysis of the dry bulk carrier values undertaken by consultancy Zuoz Industrial looks at the potential impact of longer-term higher ship recycling values on...
NI survey into Straits of Malacca and Singapore shipping traffic
(Posted on 27/01/23)As one of the most important strategic maritime passages in the world, linking the Indian and Pacific Oceans, the Straits of Malacca and Singapore are already carrying more than 100,000 vessel movements per year. That number is certain to increase in the future with the rapid economic growth in Asia and the development of ports...
Ship managers OSM and Thome agree to merge
(Posted on 23/01/23)OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces, the companies will be building an even stronger platform on which they will continue to deliver world-class ship management services to their customers and continue to improve. The combined company will be named OSM Thome.“By...
Swedish Club announces key management moves
(Posted on 23/01/23)In a pivotal move aimed at further strengthening The Swedish Club’s long-term position in the global market, the Club has announced the following management changes taking place during late Spring 2023.Lars A. Malm will become Managing Director and Area Manager in the Club’s Hong Kong office, contributing with his broad...
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