Engine room fires continue to be a problem for the Industry, which hasn’t learned from old lessons, says Braemar Salvage Association (SA).
Figures released by shipbroker Braemar Seascope suggest that the dry bulk, container and tanker segments managed to avoid significant oversupply, so industry concerns over the glut of newbuilding deliveries in 2010 may have been overplayed.
The business and assets of BMT Marine & Offshore Surveys, which incorporates The Salvage Association and Murray Fenton, have been acquired by Braemar Shipping Services.
Market analysis by Braemar Shipping Services shows a continuing over-supply of VLCC tonnage.
Containership orders are increasing at a dramatic rate - fivefold over the last 12 months - according to the latest analysis published by Braemar’s Seascope research division.
Braemar Seascope says that it has noticed a marked increase in ship scrapping, and that this should represent good news for the dry cargo sector and maybe the whole shipping and shipbuilding industry.
Braemar Shipping Services is continuing to develop its global marine and offshore services sectors by bringing together several business units under the umbrella of the Braemar Technical Services (BTS) division.
An estimated 1.7million TEU is scheduled to be delivered during 2013 making it the biggest year ever for containership deliveries, according to Braemar’s latest Quarterly Container Ship Fleet Statistics.
Excessive main engine wear caused by cat fines in the fuel oil are likely to lead to hull and machinery claims exceeding $1m this year, according to a leading marine surveyor.
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