Recent News

First phase of market test for Greek floating LNG terminal completed


The first phase of the Market Test for the reservation of regasification capacity at the floating LNG Terminal in Alexandroupolis, being developed by the Greek Gastrade, was completed with success on 31 December 2018.

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Ships’ Scrapping Activity Picks Up As More Ships Were Sold for Demolition


Reports have started to emerge that demand is coming back in the ships’ recycling markets, which could alert more ship owners towards offloading their older units.

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International Ice Patrol starts operations, informing for icebergs


The Coast Guard International Ice Patrol announced that it's starting operations for the 2019 ice season as from February 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London, Connecticut.

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VLCC Owners Holding Out For Further Rate Increases


Things are heating up in the crude tanker market, with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastbound rates from the region approached year-to-date highs.

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Marine Lube Market: $5.9B by 2024


Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.

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Greek shipowners agree on new tax change


The Greek shipowners reached an agreement with their government to change the way they are taxed. Namely, Greece will now charge a 10% dividend tax, instead of the former way of charging a double tonnage tax.

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What next for iron ore?


Whilst this time of year is traditionally slow for dry bulk markets, the sentiment has been further amplified in the short-term by news last month of the dam break at Vale’s iron ore mine in south eastern Brazil which has sparked supply concerns as closures are expected to hit production by 9% with an estimated 70m tonnes being affected.

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Cybersecurity and Maritime Industry


Nowadays, information security is considered as one of the most fundamental and critical factors that evaluates the reliability and availability of a computer system or an ICT environment. Information and communications technology (ICT) has induced a severe revolution in the digital era and the connected network (Internet) has become an integral part of our daily lives.

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Oil to continue dominating transport sector


In its Energy Outlook for 2019, BP reports that the transport sector will continue to be dominated by oil, despite the increasing penetration of alternative fuels, and particularly electricity and natural gas.

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