MOL, Oshima Wind Challenger Project Gets ClassNK AIP Approval
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...
Pilot Fails To Notice Navigation Deviation Causing Maersk Containership Grounding
According to an investigative report published by the Transport Accident Investigation Commission discusses the grounding of Leda Maersk.
Summary of events
The Transport Accident Investigation Commission...
Natural Gas Inventories Surpass 5 Year Average After Two Years
According to EIA's Weekly Natural Gas Storage report the working natural gas inventories in the Lower 48 states reached 3,519 billion cubic feet (Bcf)...
Imabari Launches K Line’s Bulker ‘Cape Discovery’
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...
Russia Deferring Sulphur Regulation Till 2024
Russia plans to postpone domestic adoption of IMO regulation until 2024, to prevent financial pressure on its shipowners.
Delay could put down pressure...
Spain and IMO Sign MoU for Promoting Technical Assistance
IMO and Spain have signed a Memorandum of Understanding on technical cooperation activities to support capacity-building activities in English and Spanish-speaking countries, says a...
Carnival Anticipates First LNG Cruise Ship To Sail Out of a...
Carnival Cruise Line, Shell, and Port Canaveral have agreed to follow the standardized processes for bunkering operations in Tenerife and Barcelona.
The officers...
Floating LSFO Inventories Swell Around Singapore Ahead of 2020
Accumulation of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020, reports...
Clean Marine and FMSI Plan Merger To Boost Scrubber Business
Norway-based Clean Marine and its Singapore’s Feen Marine Scrubbers (FMSI) have signed a term sheet to combine their operations and position the companies as...
Valero Energy Predicts Favorable Market Conditions for Gasoline and Distillate Cracks
U.S. refiners have been revamping their processing units to make them compliant with the IMO regulations.
Valero plans to run its 14 refineries...
Hyundai Heavy Industries Conferred With BWMS Type Approval Certificate
The United States Coast Guard (USCG) has recently issued a Ballast Water Management System (BWMS) Type Approval Certificate to Hyundai Heavy Industries Co Ltd,...
Weekly Bulk Report – Week 43, 2019
The Baltic Briefing has released a report about the dry bulk market of the 43rd week of shipping activities of this year. The report...
Baltic Index Inches Up on Stronger Capesize Demand
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...
How To Plan for the Unplanable 2020 Scenarios: A BIMCO Insight
Shipowners can take many steps to prepare themselves, the crew and the fleet for 1 January 2020. But not all scenarios can be prepared...
Worse To Come for Panama Canal Boxship Slow Down As Owners...
According to a Loadstar article, the number of containerships transiting the Panama Canal during its fiscal year ending 30 September declined slightly, by 1.1%...
Sail Cargo Finds Resonance As Ocean Transport Becomes Eco-friendly
According to a Guardian report, ethically minded entrepreneurs are turning back the clock to sweep the scourge of bunker fuel from the oceans.
Here's an...
Maersk Sets Another Training Center in India
Maersk, the global shipping company, laid the foundation stone of ‘A.P. Moller – Maersk Centre of Excellence’ facility at Thenpattinam in Tamil Nadu, reports...
As LNG Ships Make a Market Return After Sanctions, LNG Rates...
According to a Drewry report, LNG shipping rates have surged to $130,000pd currently from around $80,000pd at the end of September due to tight...
Maersk Focuses on the Development of New Fuels To Decarbonise Shipping
Maersk is speeding up its research into the three options to make new fuel available to decarbonise shipping by 2050, reports Lloyd's List.
Decarbonisation deadline...
Scrubber Fitting Increases To 33pc, Global Fleet Scenario To Be 19pc...
According to shipping firm Clarksons, ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a...