Global Ship secured two 5-year time charters with CMA CGM for two containerships at 30% above current rates. The new charters will commence...

Scrubber systems are air pollution control devices that can be used to remove some particulates and/or gases from industrial exhaust streams. Traditionally, the term...

Ships participating in ESI can avail 8 percent discount on tonnage fees in the Port of Tallinn New port pricing system to be introduced...

The shippers remain unconvinced about the justification the size of the surcharge ocean carriers is proposing to cover the cost of compliance with the...

As 2020 is fast approaching, many uncertainties have risen with respect to fuel costs and fuel availability. The characteristics of some of these new...

  As shippers start exploring low sulfur fuels, the gasoline market faces a difficult situation. Vacuum Gasoil will be diverted to make ship fuels,...

  Quantum Pacific secures 40 million dollars green loan for scrubbers installation. The first loan in Asia Pacific which will fund the purchase and...

The number of ships fitting scrubber systems as a means to comply with stricter sulfur emission limits may peak at 6,000 as economic incentives...

On December 5, the operations started for a leading classification society ClassNK, that has opened a new exclusive survey office in Reggio Calabria, Italy. Demand...

The leading multimodal operator Samskip has become a major beneficiary of the Brexit. Within just 2 years of pre-Brexit investment in North Sea container...

VLCC Rates in the Middle East Gulf softened around 2.5 points to WS 97/97.5 for 270,000mt to China, with a run to Japan fixed at...

On December 4, the White House announced the bill which included the Vessel Incidental Discharge Act of 2018 (VIDA). Bill passed The 'Vessel Incidental Discharge Act of...

Under "The Contopia Factor”, entire container fleet of one shipping company will be digitalized in 2019. Mid to small size shipping companies have...

On December 6, The International Maritime Organization (IMO) awarded the 'IMO Award for Exceptional Bravery At Sea 2018' to a Chinese diver. Collective decision This annual...

Ship Recycling Transparency Initiative(SRTI) launched in London to support sustain shipping SRTI is an online tool for sharing information on ship recycling and to...

HMM plans to leave the shipping alliance with the 2M Alliance HMM ready to forge a new ocean alliance when its ties with the 2M...

ONE will implement a bunker surcharge on all new contracts beginning Jan. 1, 2019, "to be valid till further notice," to help offset...

In a recent development, WFW advises MPCC on major scrubber acquisition order says a news letter published on their website. Acquisition and finance info Watson Farley...

Cosco trying to raise capital on the London Stock Exchange in a bid to move to the European market. Through the global depository...

Crowley Logistics received 400 new reefers in Santo Tomas, Guatemala to accommodate the northbound reefer season through May 2019. Crowley has invested over...