Yearly Archives: 2019
Gibraltor and Suez Canal To Benefit from New IMO Rules
New fuel standards that will become effective in 2020, will favor the ports closer to the main maritime routes such as Suez and Gibraltar,...
Weekly Tanker Report – Week 41, 2019
The Baltic Briefing has issued the tanker report for the 41st week of this year. The report dated 11th October 2019 provides a valuable insight...
MOL Signs Cooperation Agreement for LNG Transshipment Projects
Mitsui O.S.K. Lines, Japan Bank for International Cooperation and NOVATEK have signed a Cooperation Agreement says a press release published on their website.
LNG Transshipment...
Oil Refiners in Dilemma as Surging Ship Costs Kill Margins
Oil refiners are facing disappointment as surging freight rates inflate the cost of buying crude.
Complex refining profits in Singapore tumbled to $2.91...
Hong Kong Fails To Make Itself LNG Ready as Singapore Surges Ahead!
Hong Kong’s failure to prepare the infrastructure for refueling container ships that run on eco-friendly LNG.
Hong Kong’s port is failing to ready...
Container Freight Rates Take a Fall Following the Golden Week
Spot container freight rates on the transpacific and Asia-Europe are coming under intense pressure ahead of a weak outlook for the markets, following China’s...
London Protocol: IMO Gives a Nod To Carbon Sequestration
A new IMO resolution will allow projects for subsea CO2 sequestration to be shared across national boundaries, reports The Maritime Executive.
Carbon capture and storage
Parties...
North P&I Club Highlights the Hassles With Retrofits Onboard
Dispute warning as ballast water convention comes into force for existing vessels, reports Seatrade Maritime News.
Ballast Water Management Convention
The Ballast Water Management Convention came...
Perlin and SSA Builds Blockchain-Based Registration System
A blockchain-based ship registration preparation system for international adoption is in the works.
The system could reduce time, costs and the incidence of...
Maersk, Cargill, Mitsui Join Forces To Accelerate GHG Reduction Efforts
In a major development, Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases...