Shipping
Wärtsilä and Berge Bulk complete first inline shaft generator retrofit
(Posted on 08/02/23)The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk. This is the marine industry’s first-ever shaft generator retrofit, and its successful completion will improve the vessel&rsquo...
Columbia’s plans for digital platform to boost vessel performance
(Posted on 08/02/23)The operational performance of a vessel is set to be boosted with an innovative new digital solution designed to provide a holistic ship management system that brings together the fragmented capabilities of data collection and analysis under one platform.The project, which is a collaboration between Columbia Shipmanagement (CSM),...
Amer Shipping orders two bulk carriers from Concordia Damen
(Posted on 06/02/23)Inland shipping construction yard Concordia Damen will deliver two 'CDS Dry Cargo 110' vessels to Amer Shipping. Sustainability considerations and the hull shape of this in-house developed ship type were the deciding factors, partly because it allows skippers to sail longer at (very) low water levels, which is predicted to occur...
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...
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