Bulk Report – Week 2, 2019
The Baltic Briefing has published the latest bulk carrier report for the second week of this year. Here are the highlights of the report.
Capesize
...
Rauma Wins €120M Order for LNG/Biogas/Battery Ropax
In a recent development, Rauna Marine Constructions (RMC) has announced that they have signed a letter of intent with Kvarken Link for a ropax...
12-Year Old Boy Developed a Ship To Clean Plastic From Oceans
A 12-year old boy designed a ship that sucks pollutants from seas and oceans motivated by a viral video.
The vessel ERVIS uses a multi-stage...
The Countdown to IMO 2020
The shipping industry, is one of the biggest polluters in the world.
It contributes 17% of the world’s CO2 annual emissions and 8%...
Tsuneishi Augments Proven Bulker Range
Tsuneishi Shipbuilding of Japan in partnership with Monohakobi Technology Institue has delivered its first upgraded post-Panamax type bulk carrier TESS999.
The vessel comprises...
Brexit Deal Crushed by Historic Margin
The UK Government's Brexit deal was rejected by the British lawmakers by 432 to votes.
The government now has to win a no-confidence...
Strong Winds Suspend West Mediterranean Bunker Operations
From January 14 onwards, the bunkering operations in the Port of Malta were suspended due to strong winds.
What happened?
A spokesperson for the Malta port...
Cable Ship Capsizes After Collision with Tanker
On January 14, a cable ship capsized after colliding with a tanker in the Indonesian waters of the Singapore Straits.
What happened?
The cable ship 'MV Star...
How Does Active Heave Compensation Technology Function At High Sea?
Active heave-compensation (AHC) technology
Offshore cranes and other equipment doing subsea work are provided with AHC systems to ensure precision in high sea states and...
Growth Impact From Venezuela’s Seizure Of Exxon Mobil’s Ship
Venezuela’s Navy recently seized Exxon Mobil’s ship contracted to explore its territory off Guyana.
To minimize potential impacts Exxon Mobil has focused its...
Sluggish China Coal Demand Hits Panamax Rates
The coal condition in China has affected the Panamax rates making it visible in the Baltic Index, reports Laurence Walker for the Montel News.
How much have...
Zim Seals Vessel Sharing Deal with 2M Alliance
On January 11, the Israeli-owned container ship operator Zim and the 2M Alliance, which consists of Maersk Line and Mediterranean Shipping Company (MSC), has...
Bunker One Opens in Germany, to Supply 0.5% Fuels from Mid-2019
The Seatrade Maritime’s Asia Correspondent Lee Hong Liang reports that the German arm of the fuel supply company Bunker Holding Group, Bunker One, has...
Unipec Tightens Grip as World’s Leading Dirty Spot Charterer
According to a regular annual survey carried by New York tanker brokers Poten & Partners, Unipec continues to remain the world’s dominant dirty spot charterer.
Cements...
VIDA : Common-sense Regulatory Relief Without Sacrificing Water Protections
VIDA is Common-sense regulatory relief for vessel operators
It prohibits state and local authorities from adopting any regulations related to vessel incidental discharges,...
Tighter Vessel Space and Political Tensions to Impact European Shipping Industry
From 2019 onwards, the vessel space is all set to be tightened with no significant newbuilds.
As the IMO 2020 comes closer with...
IMO 2020 a Game Changer: Charter Ships to Recover Scrubber Investment
The shipping industry is all set to face an interesting year in 2019 with the delivery of 46 ULCVs.
The consultants predict a...
Navios Orders New VLCC From Imabari
Navios has ordered a newbuild VLCC from Imabari Shipyard scheduled for completion in autumn 2020.
Imabari expects the improved ship design to reduce...
Bulk Carrier S&P On The Up Despite Market Low Point
In recent weeks we have seen a steady increase in Sale and Purchase (S&P) activity, despite the downward pressure that the dry market has...
Cargo Cartel ‘Super Alliance’ ! Hong Kong Probes Container Trade Club
Four of five operators at one of the world’s busiest container ports plan to join forces to increase profits.
Other competitors in the...