Yearly Archives: 2019
What is in Store for HSFO With IMO2020 Approaching?
Fuel oil volumes traded in the Platts Market on Close assessment process for 3.5% FOB Rotterdam barges declined 25% month on month in September,...
[Watch] 1,000 Cruise Ship Passengers Stranded! Forced To Sleep On Basketball Court?
According to an article published in IBTimes, passengers sailing in a P&O cruise ship had a horrendous time when they got stranded in Monte...
Fujairah Heavy Distillate Falls Amid Tight Supply
Stocks of heavy distillates and residues at Fujairah fell 11% to 10.34 million barrels due to tight supply.
The outflow for Persian Gulf...
Failed Main Engine Pipe Connection Causes Fire Onboard Hazard
According to a case study published by The Shipowner's Club, a potential fire hazard discovered onboard a vessel was found to be caused by...
Total Seals Long-term High-efficiency LNG Charter Deal
Greece’s TMS Cardiff Gas has entered a long-term charter agreement with Total Gas & Power for one of its 11 ‘X Carrier Series’ LNG...
Mitsubishi Expands Scrubber Production Capacity
Yokohama, Japan, based Mitsubishi Shipbuilding Co., Ltd. has increased production capacity for its SOx scrubber system that reduces SOx from exhaust gas of ships,...
MOL Uses AI To Successfully Execute Vessel Allocation Plan
In a major development, TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinichiro Ikeda) and its group company MOL Information Systems, Ltd. (President: Tsuyoshi...
Platts Launches Weighted Average Capesize TCE Rate
In a major development, S&P Global Platts has announced that they will start publishing a new daily weighted average Capesize time charter equivalent (TCE)...
IMO’s ‘Empowering Women in Maritime’ Finds Support in Wallenius, As It Joins WISTA
International Maritime Organization (IMO) World Maritime Day was celebrated on 26 September, with the 2019 theme “Empowering Women in the Maritime Community“, says an...
[Watch] Maersk COO Explain Shipping’s Climate Efforts at UN Climate Action Summit
Recently, Maersk released a video of their COO, Soren Toft, explaining shipping's climate efforts at the UN Climate Action Summit. The video described as...