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BW LPG Limited Secures Three-Year Time Charter-Out Contracts for Two VLGCs
Businesswire· 2026-02-09 06:02
Group 1 - BW LPG Limited has secured three-year time charter-out contracts for two Very Large Gas Carriers (VLGCs), BW Tucana and BW Yushi, which commenced in January 2026 [1] - The fixed-rate time charter-out coverage has increased to approximately 35% of the fleet capacity, with an average rate of about USD 43,500 per day for 2026 [1] - The CEO of BW LPG expressed satisfaction with the new contracts, aligning with the strategy to increase coverage to approximately 40% of fleet capacity through period charters and/or FFAs [1] Group 2 - BW LPG operates a fleet of over 50 VLGCs, including 22 vessels powered by LPG dual-fuel propulsion technology, and has over five decades of LPG shipping experience [1] - The company has an in-house LPG trading division and commercial expertise to explore investments in value chain assets, enhancing its service reliability for LPG sourcing and delivery [1] - BW LPG is associated with BW Group, which controls a fleet of over 450 vessels and has investments in various sectors, including renewables [1]
World economic growth forecasts don't match global shipping reality: Maritime expert
CNBC Television· 2026-02-05 20:40
President Trump's global trade war and the frontloading of products ahead of the tariffs help drive ports like the Port of Long Beach with stronger container volumes in 2025. Noel Hagaba, he's the CEO of the Port of Long Beach. He joins me now to discuss this record-breaking year.Thanks for joining me, Noel. >> My pleasure, Laurian. Always great to join you.As I said, you know, we're seeing a record numbers here when it comes to the Port of Long Beach. And I want to kind of get granular with you. Over the l ...
SFL - Invitation to Presentation of Q4 2025 Results
Globenewswire· 2026-02-04 11:06
Core Viewpoint - SFL Corporation Ltd. is set to release its preliminary financial results for Q4 2025 on February 11, 2026, and will host a conference call and webcast for stakeholders on the same day [1]. Group 1: Financial Results and Events - The preliminary financial results for Q4 2025 will be announced on February 11, 2026 [1]. - A conference call and webcast will take place on February 11, 2026, at 10:00 AM (EST) / 4:00 PM (CET) [1]. - Relevant materials will be available on the Company's Investor Relations section of its website on the same day [1]. Group 2: Participation Details - Stakeholders can join the conference call in listen-only mode via the webcast link on the Company's website [2]. - Participants can also join the live Q&A session through Zoom, with specific meeting ID and passcode provided [2]. - A replay of the conference call will be accessible via the webcast on SFL's website [2]. Group 3: Company Overview - SFL Corporation Ltd. has a strong track record in the maritime industry, having paid dividends every quarter since its NYSE listing in 2004 [3]. - The Company's fleet includes tanker vessels, bulkers, container vessels, car carriers, and offshore drilling rigs [3]. - SFL's long-term distribution capacity is supported by a portfolio of long-term charters and significant growth in its asset base over time [3].
X @Bloomberg
Bloomberg· 2026-02-03 09:40
The two aging tankers were released following a request from a representative for the vessels, according to maritime authorities https://t.co/FOKo39pmsc ...
CleanGo Innovations Signs an Agreement in Cyprus to Spearhead "CleanGo Marine" Launch
Thenewswire· 2026-02-03 08:00
Core Insights - CleanGo Innovations Inc. has signed an exclusive Agency Agreement in Cyprus to launch its CleanGo Marine division, focusing on eco-certified solutions for the maritime industry [1][2] - The partnership with WSR Services LTD aims to enhance CleanGo's presence in the Mediterranean shipping market, particularly in ship repair and conversion sectors [2][4] Company Overview - CleanGo Innovations Inc. specializes in developing and commercializing green technology solutions across various industries, emphasizing environmentally responsible products [5][7] - The company’s flagship product, CG-M100, is a non-toxic, Green Seal certified dispersant designed for vessel and tanker cleaning, compliant with MARPOL regulations [3][6] Strategic Developments - The agreement with WSR Services LTD is effective from January 13, 2026, and positions CleanGo at a strategic maritime hub, facilitating distribution across European and Middle Eastern corridors [2][6] - CleanGo is exploring the establishment of a low-cost manufacturing and distribution hub in Athens, Greece, to support regional operations [6] Market Engagement - A high-level delegation from CleanGo is scheduled to visit Cyprus in late February 2026 to engage with major regional stakeholders, including the Cyprus Hydrocarbons Company [6] - The demand for MARPOL-compliant, non-toxic solutions is increasing, and CleanGo's technology is positioned as a leading solution in this growing market [4][6] Environmental Compliance - CG-M100 is fully compliant with MARPOL Convention MEPC 63, Annex 5 requirements, making it essential for ship owners facing stringent international environmental regulations [6] - The product offers a safer alternative to traditional hazardous chemicals, promoting environmental safety for maritime crews and preventing toxic runoff [6]
White Paper: State of the Industry – February 2026
Yahoo Finance· 2026-02-02 13:00
Core Insights - The trucking, maritime, and intermodal markets are experiencing a complex landscape with weak truckload demand and ongoing market exits despite seasonal demand fading [1] - Intermodal demand remains strong, supported by service quality and cost advantages over truckload [2] - Global trade uncertainties and macroeconomic factors are contributing to volatility in container ship rates, despite ample capacity [3] Trucking Market - Truckload tightness is primarily supply-driven rather than demand-driven, with elevated spot rates and tender rejection rates despite lower tender volumes [4] - Post-holiday normalization is slower than usual, with rejection rates and spot rates only modestly easing from mid-January peaks [4] - The refrigerated markets have seen significant seasonal volatility, with reefer rejection rates nearing 20% around Christmas due to cold weather demands [4] Pricing Dynamics - Pricing is stable in dense classes (70–85), rising in higher classes above 125, and compressing in heavier lower classes, with LTL expected to lag behind truckload tightening [2] - Contract rates are under pressure to increase, but the timing of such increases remains uncertain [4] - The spot–contract rate spread has collapsed rapidly, with aggregated spot rates briefly exceeding contract rates around Christmas, indicating a quick shift in market conditions [4] Capacity and Service - Carrier exits are impacting service and pricing, with years of attrition and financial strain leading to tighter capacity and weaker compliance with route guides [4] - The LTL market remains uneven and selective, reflecting the broader challenges in the trucking industry [4]
X @BBC News (World)
BBC News (World)· 2026-01-30 10:26
Worried families in India urge return of crew on ship seized by Iran https://t.co/hevKdXm5Pr ...
White Paper: State of the Industry – January 2026
Yahoo Finance· 2026-01-12 16:51
Group 1 - The January 2025 "State of the Industry Report" provides a comprehensive overview of the trucking, maritime, and intermodal markets, highlighting expected trends in the coming weeks [1] - The report includes detailed data on capacity, volumes, and rates, which are essential for understanding market dynamics [1] Group 2 - The truckload market has tightened significantly post-Thanksgiving, with spot rates and tender rejections increasing rapidly [2] - Reefer and dry van segments have tightened more than the previous year, while flatbed remains relatively stable with minimal volatility [2] - Rejection rates are 2-3 percentage points higher year-over-year, and spot rates have increased by nearly 9% year-over-year in aggregate [2] - Intermodal volume has seen a slight year-over-year increase in Q4, driven by strong service and favorable rate spreads compared to truckload [2] - Manufacturing is currently in contraction, as indicated by an ISM PMI of 48.2 in November, attributed to uncertainty and commodity inflation [2] - The Federal Reserve has cut rates again due to weakness in the labor market, with unemployment at 4.6% [2] - Housing market data remains limited but indicates a slow recovery, still down year-over-year [2] - The truckload market lacks economic support from demand to indicate a sustained recovery, although supply conditions are tightening [2]
Evergreen Confirms Fleetwide Rollout of Inmarsat NexusWave
Globenewswire· 2026-01-07 01:00
Core Insights - Evergreen Marine has upgraded its fleet to Inmarsat's NexusWave bonded connectivity solution, enhancing crew experience and accelerating digitalisation [1][2][3] Group 1: Company Developments - Evergreen Marine is the first Taiwanese operator to implement the NexusWave solution, reinforcing its long-standing partnership with Inmarsat Maritime [1] - The upgrade to NexusWave introduces bonded, multi-network connectivity, providing fast speed, unlimited data, and always-on performance for crew and operations [2] - The solution is designed to enhance crew welfare, strengthen cybersecurity, and support operational excellence [3] Group 2: Technological Advancements - NexusWave leverages the ViaSat-3 ultra-high-capacity network, enabling scalable platforms for predictive analytics and real-time monitoring across the fleet [2] - The solution is secure-by-design and engineered to scale with demand, aligning with Evergreen's growth plans [2][3] - The transition to NexusWave is part of Evergreen's 'Evergreen IT' modernisation programme, aimed at continuous innovation for customers [1][3]
Staying Afloat: The Innovation That Buys You Time | Geir Karlsen | TEDxArendal
TEDx Talks· 2025-12-22 15:09
Problem & Solution - Drowning is the world's leading accidental death, with 40 people drowning every hour [8][9] - The company aims to build a "life jacket" for boats, a device that automatically inflates when submerged, keeping the boat afloat and visible [9] Product Features & Benefits - The device inflates automatically in only a minute when taking on water, requiring only 30 cm of submersion to activate [10] - The product is reusable, sustainable, and can be repacked and redeployed within minutes [11] - The device has been tested through salt water exposure, drastic temperature changes, and sharp objects, meeting the strictest regulations of the Norwegian Maritime Authority and international standards [11] Target Market & Applications - The company offers equipment for drones, snowmobiles, and rescue kits for coast guards and SAR services [10] - The number of units needed for a boat depends on its size and weight [11] - The product aims to prevent boats from sinking, addressing the fact that while fire extinguishers are required on boats, few have devices to prevent sinking, even though sinking occurs seven times more often than fire [9] Safety Concerns & Statistics - In Norway, approximately 80 boats catch fire each year, while seven times that number sink [9] - Hypothermia can take effect within 15 minutes in choppy cold waters, highlighting the need for solutions that keep people out of the water [7] - Having a device to keep a damaged boat afloat increases the chance of survival by 50% and the chance of being found by over 90% [9]