Hyundai Seeks Fair Trade Approval for DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover...
Container Market Up for Disruptions As Shipping Awaits More Cost Pressure
According to a Reuters report, the U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause...
Lack of Ambition Threatens IMO Emissions Reduction Targets
A “clear gap” in shipping’s development of low-carbon and zero-carbon fuels and technologies is threatening to derail IMO efforts to curb industry emissions, reports...
Lack of Risk Identification Causes Cargo Vessel Collision
What happened?
On the night of October 29, 2015, at 2226 local time, the cargo vessel Ocean Freedom collided with a fleet of moored empty tank...
Jim Beam Warehouse Catches Fire, Destroying 45,000 Barrels of Bourbon!
Firefighters are trying to contain a massive blaze at the Jim Beam warehouse which resulted in the burning of 45,000 barrels of bourbon.
The crew...
Price of Bunker Fuel Set To Increase Globally from January 2020!
The price of bunker fuel is all set to rise as more companies are changing towards low sulphur fuel oil mandated by IMO.
This...
Power Cut Plunges Massive Cruise Ship into Darkness!
According to an article published in Newsweek, a power outage on a cruise ship plunged parts of the vessel into darkness and left passengers...
IMO 2020: JPMorgan Foresee 15% Fall in RILs Earnings Growth
Refining and Petrochemicals sector holds a 15 per cent downside risk to Reliance Industries' (RIL) estimated FY20 earnings.
Consensus earnings estimates have been...
CSIC Bags $2.08bn Worth Contracts
China Shipbuilding Industry Corporation (CSIC) secures $2.08bn worth of new deals including newbuilding orders, conversions contracts and financing agreements, says an article published in...
BWTS Market To Expand by 2028
With the demand to improve stability and balance in unfavorable weather conditions, ballast water management becomes all the more important during loading and unloading,...
ICS Issues New Guidance Six Months Before ‘Global Sulphur Cap’
The International Chamber of Shipping (ICS), with just six months for the implementation of 'Global Sulphur Cap', issues updated guidance to help shipowners comply...
First Blockchain Tracked Container Reaches Rotterdam
The first shipment on the blockchain platform DELIVER, reached the warehouse of Samsung SDS in Tilburg via Port of Rotterdam.
Blockchain technology enables...
Crib Point LNG Project Suffers Delay by Australia’s AGL Energy
AGL Energy delays its Crib Point liquefied natural gas import project in Victoria, indicates first gas could potentially be delivered during FY21.
Höegh Esperanza...
Little-Known Oil Product Snapped Up for Ship Fuel in China
China embraces the use of a lesser known LCO to tackle the struggles with low profits, to be blended with diesel or fuel...
MSC Upgrades Box Ships To Compensate for Slots Lost To Scrubbers
Contract to upgrade container intake on six 16,000 teu vessels to lessen the loss of slots as a result of the installation of...
Weekly Tanker Report – Week 26, 2019
The Baltic Briefing has issued the tanker report for the 26th week of this year. The report dated 28th June 2019 provides a valuable insight into...
Knud E. Hansen Unveils Design of First Wallenius SOL Vessels
Knud E. Hansen has shared details of LNG-powered RoRo vessels to be built for the newly-established shipping company Wallenius SOL.
The vessels will be...
Thousands of Passengers Stuck on Stricken Cruise Ship in Barcelona
According to an article published in The Independent, thousands of passengers are stuck aboard a stricken cruise ship in Barcelona, while thousands more have...
Sulfur Regulation Violation Attracts Criminal Charges!
The United States has initiated criminal proceedings for alleged sulfur regulation violation by the vessel Ocean Princess.
The vessel has been accused of multiple...
Shipping Prices in an Uptrend
In a major development, shipping prices showed an uptrend yesterday, reports Seeking Alpha.
Where it stands now
The Baltic Dry Index rose for the 13th...