TEN Enters Long-Term Charters for Suezmax DP2 Tankers
TEN Ltd., in a press release, announced the contract for the building of up to three suezmax DP2 shuttle tankers on long-term employment to...
Digital Container Summit 2020
The Digital Container Summit is a full day of personal meetings with other shipping companies organized for you to discuss business.
About the Event
The Digital...
Wärtsilä Offers Maintenance Product for Scrubbers and 2-Stroke Engines
Wärtsilä is launching a minimum viable product (MVP) to offer continuous fleet-wide insight regarding the vessel compliance and scrubber utilisation.
The product uses...
Shipping Demand and Spot Rates Dwindle Post Lockdowns
Chemical tanker spot shipping continues to be slow intra-Europe, following freight rates declines of June.
Spot freight rates on the Transatlantic (TA) westbound...
Ships Travel 17.4% Slower Than They Used To be in 2008
Cargoes are taking ever longer to reach their destinations in the continued fallout shipping has felt from the global financial crisis 12 years...
First Methanol Bunker Fuel Study
A study to consider the technical and operational requirements for the use of methanol as a bunker fuel has been started by the...
Covid 19 and Oil Prices Decelerate Scrubber Installations
The price spread between high sulfur fuel oil (HSFO) and very low sulfur fuel oil (VLSFO) is a key measure of how much...
[Answer] What Does ‘Markets Are in Contango’ Mean?
As the container market continues its ride through pandemic highs and lows, it has become essential that shippers knew about certain market terms such...
WHO Sounds Alarm Bell After COVID19 Cases Rise To 1Million in...
According to a Reuters report, the number of coronavirus infections around the world hit 13 million on Monday, according to a Reuters tally, climbing...
CSSC Orders Two 50,000 dwt Dual Fuelled Product Tankers
CSSC Shipping orders two product tankers for Louis Dreyfus charter at Chengxi Shipyard, says an article published in Splash 247.
About the order
CSSC Shipping, the...
Cargo Ship Broke In Two and Sank
A recent Maritime Bulletin news report about two different cargo ship accidents in SEA where a cargo ship broke and sank while another cargo...
Shippers Pushed To Pay High Premiums To Avoid Rollover
80% of shippers feel they have to pay premiums of $400 to $500 per container on the deepsea trades to avoid rollover.
Load...
Supertanker Rates Bounce Back While Stocks Languish
Rates for very large crude carriers have jumped well off recent lows.
VLCC spot rates have not been this high at this time...
Country Gives Formal Consent for Pollution Prevention Conventions
Japan deposited its instruments of accession to the International Convention on Civil Liability.
It has acceded for bunker oil pollution damage and the...
Oil Tanker With 22 Crew Members Missing, Location Unknown!
The crew of MV Gulf Sky was under arrest under a UAE Admiralty Law injunction.
It had been issued a Prohibition to Sail...
Carnival Corporation To Sell 13 Ships Due To COVID-19
Carnival Corporation will sell a total of 13 ships this year.
It seeks to cut capacity in the wake of the Covid-19 outbreak.
...
Castor Maritime Inc. Ventures Into New Charter Agreement
Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that...
Weekly Bulk Report – Week 28, 2020
The Baltic Briefing has released a report about the dry bulk market of the 28th week of shipping activities of this year. The report...
Treatment of Wastewater from Scrubbers Successful Reducing Sulphur Levels
Prime Lake Technology Sweden AB has successfully completed a pilot test for the elimination of harmful contaminants found in wastewater generated from open-loop...
LR’s FPSO Maintenance Optimisation Reaps A £15 Million Savings
Operators could save £15 million per asset by leveraging technology to identify unnecessary maintenance, according to new findings by Lloyd's Register.
As much...