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Singapore’s Lay-Up Industry Booming

05/31/2016

By Reuters 2016-05-30 20:53:58 Not everyone in shipping is bemoaning the industry’s worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years. A popular lay-up anchorage near Indonesia’s Batam island, a short hop from Singapore, is growing crowded, and firms such as Ocean Shipcare and Brubay... Read More ⇒


The Unwanted Ships: How to Lay-Up a Vessel

05/26/2016

May 20, 2016 by Editorial  It is always a big financial decision to lay-up a vessel, and with market conditions these days it has become a more frequent occurrence, but how does it actually work and what does one need to take care of? To lay-up a vessel means to stop using it for a certain period. It will simply be anchored in appropriate waters. The reasons... Read More ⇒


Oil: Doom & Gloom

05/16/2016

By MarEx 2016-05-13 10:43:52 The fallout from low oil prices extends to every level of the global supply chain. By Paul Benecki Over the last year and a half the price of crude fell from over $110 a barrel to less than $30, well below the average breakeven for offshore drilling. The global oil industry has shed an estimated 250,000 jobs since the downturn began with... Read More ⇒


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