NYK’s Mega Container Ship Strikes Tanker!

According to an article published in Maritime Bulletin, a mega container ship struck a Turkish tanker while proceeding to Greece. What happened? On September 26, the...

Bunker Market Scrambles for Extended Credit Lines As IMO 2020 Looms

About $4 billion/month of extra credit will be needed starting 2020 to cover the rise in demand for LSFO. This rise has resulted...

Study Claims Digital Maritime Spend To Shift Towards Startups

Inmarsat landmark study identifies critical role for maritime startups, reports Splash247. Digital maritime space opportunities A new 60-page report issued today looking into maritime startups conducted...

As Poseidon Principles Kick in Ship Lenders Change the Credit System

As investors have started adopting the Poseidon Principles, it's proving difficult for shipowners to understand the new dynamics. Keeping this in mind, the Lloyd's...

Amidst LNG Quality Concerns, DNV GL Declares It Best 2030 Fuel

In a  major development, Classification society DNV GL remains convinced that the route to the International Maritime Organization’s (IMO) 2050 carbon targets is via...

Europe Hit by HSFO Shortage Ahead of 2020

In a major development, Europe's marine high-sulphur fuel oil (HSFO) supply has tightened, with preparations for the upcoming sulphur cap well underway. As consequence...

[Watch] How Maersk Is Getting Ready for a Carbon Neutral...

In a recently released video, Maersk shows how innovative technology is making it ready for a carbon-neutral 2050. "The logistics industry has an important role...

‘No Seawater’ Using Scrubber Approved by DNV GL

According to a Seatrade Maritime News report, a dry exhaust cleaning system, or scrubber, that does not use seawater, has been certified by classification...

Maersk Ready With Bunker Adjustments for Scrubber Payments

In a major development, the Danish product tanker owner and operator, Maersk Tankers have announced that they have prepared their pools to accommodate scrubber-fitted...

No Sign of IMO 2020 in Physical Markets

The Freight Waves weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead...

Climate Action Summit Recognizes IMO’s Climate Change Strategies

IMO Secretary-General Kitack Lim has been reporting on the solid progress being made by the Organization to reduce GHG emissions from international shipping, in...

Warehousing: Maersk’s New Digital Transformation

The focus on digital technologies that simplify customers’ complex supply chains has made Maersk boost its global warehousing and distribution services. The services...

Maersk Ready With Bunker Adjustments for Scrubber Payments

Danish product tanker owner and operator Maersk Tankers has prepared its pools to accommodate scrubber-fitted vessels trading alongside vessels that will use fuels compliant...

Raw Crudes To Be Used As IMO 2020 Bunker Fuel?

Shipowners are looking to use certain heavy-sweet crudes as IMO2020 grade bunker fuel, reports Ship&Bunker. EnQuest sells North Sea Kraken crude EnQuest, a UK-based petroleum exploration...

Cyber Alert ! Malicious Binary Malware on the Prowl

Researchers identified a malicious binary, named inetinfo.sys, installed on a system at an organisation within the transport and shipping sector of Kuwait The...

Scorpio Bulkers Announces Sale of Its Ultramax Vessels for $37.9 Million

Scorpio Bulkers Inc. has signed an agreement to sell two of its 2014 and 2015 built Ultramax vessels, said a press release published on...

Moored Trawler Engulfed by Fire Capsizes

A moored Russian trawler in Norway has been capsized in an attempt to stop the ship from exploding after a fire aboard the...

ABB Plans To Build STS Power Solution At South Korean Port

ABB will install Port of Incheon’s first shore-to-ship power solution, enabling passenger vessels to cut emissions, noise, and vibrations at berth. ABB’s full...

NYK Orders World’s Largest’ LNG Fueled Car Carrier

Japanese giant NYK has placed an order for the world largest Pure Car and Truck Carrier fueled by LNG. The aims to reduce...

Hurricane Lorenzo Sinks Ship To The Bottom of The Atlantic!

According to an article published by NBC2, a tugboat belonging to Bourbon Offshore sank to the bottom of the Atlantic Ocean. What happened? On September 27,...