Leading Belgian tanker operator Euronav has started preparations to supply IMO 2020 compliant VLSFO bunkers to its vessels, reports Reuters.
Tougher regulations
Ship owners must cut emissions by reducing the sulfur content in fuel to 0.5% from 3.5% under the new...
According to an article published in Reuters, South Korea’s top refiner SK Energy chartered a supertanker to ship U.S. crude to South Korea for a record $10 million.
Increase in freight rates
As freight rates continue to surge after U.S. sanctions...
Mitsui E & S Shipbuilding Co., Ltd has completed and delivered a 66,000 dwt type bulk carrier at its Tamano Shipyard, says a press release published on their website.
On 23 October, the bulk carrier M.V. Tomaros was delivered at...
A strict new global environmental standard for shipping fuel is starting to make an impact in corners of the oil market, providing traders with opportunities to profit after months in the doldrums, reports the Financial Times.
HSFO Fall
Effective January 1,...
According to a Shanghai Metals Market article, the Chinese god ship is really coming! The merger of the North and the South ship was confirmed, and its 8 companies announced the same evening, the market value of the 8...
According to a LoadStar article, Asia-North Europe ocean carriers are preparing big increases in FAK rates next month, after squeezing capacity on the route with blanked sailings and a suspended loop.
FAK Rates Advisory
Maersk has advised its customers that from...
ClassNK grants AIP for the Wind Challenger Project that Mitsui O.S.K. Lines, Ltd.("MOL") and Oshima Shipbuilding Co., Ltd. are initiating, says a press release published on their website.
Project to reduce GHG emissions
Leading Classification Society ClassNK has granted an Approval...
According to an article published in Cyprus Shipping News, Japan’s Imabari Shipbuilding has launched the new 200,000 dwt bulk carrier, Cape Discovery, constructed for its compatriot shipping major K-Line.
Equipped with scrubbers
Featuring a length of 300 meters and a width...
According to an article published in The Financial Post, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged up on Monday, supported by increased demand for capesize vessels.
The Baltic index,...
Shipowners can take many steps to prepare themselves, the crew and the fleet for 1 January 2020. But not all scenarios can be prepared for, or even controlled, and having to debunker tonnes of non-compliant fuel is something everyone...
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