On October 24, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulk carriers...

24% decrease in the cost of hiring container ships and 10% on raw material rates. Tight credit conditions, market currency weakness and trade...

The adoption of a ban on the carriage of bunkers above 0.50% sulphur is set to go ahead despite a number of countries seeking...

One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to...

NWE/MED There has been a steady flow of cargoes this week, with mostly butane cargoes flowing from UKC and Scandinavia, says a report published by...

Pacific and Atlantic day rates for LNG vessels up $70,000/day and $50,000/day since mid-September. The ballast bonus in the Pacific and Atlantic is...

“Clearlake Shipping, a unit of Swiss-based energy trader Gunvor has chartered the Hoegh Gallant vessel as a conventional LNG carrier”, the reuters quoted...

The Danish driller 'Maersk Drilling' has been awarded a one-well extension with Petrogas for its Maersk Resolute jack-up rig. Contract extension On October 22, Petrogas E&P...

The International Maritime Organization rejects the proposal -- supported by both the U.S. and shipping groups -- for a phased start to rules that...

The U.S. Environmental Protection Agency (“EPA”) recently published an update on its website notifying the industry that it would administratively continue the 2013 Vessel...

On 23 October, as part of the ongoing strategy to prepare its EnergySail and Aquarius MRE for commercial release, Eco Marine Power (EMP) unveiled...

On October 24, Oldendorff Carriers reported that its vessel Erna Oldendorff was moved to the Yanai anchorage in Japan for a further assessment by...

BW Green takes World Fuel Services to a U.S. Court over the supply of off-spec marine fuel says Manifold Times. Legal action Gas marine transportation services...

Venta Maersk started its northern sea exploration on 22nd August, 2018. Maersk used IMO's POLAR CODE in order to make the crew and...

Seen approaching the Suez Canal in 1997 after leaving Hong Kong are the last three ships in service in the Royal Navy and RFA...

Capesize A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates...

On October 15, some ocean carriers have applied a mid-month GRI for China-US West Coast in the $200-$400 range. That should translate into about a...

On October 23, Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with...

In a major development, Captain Tatjana Pletena took charge of BW LNG's Singapore-flagged LNG tanker BW GDF Suez Everett. This makes her the first...

Scrubbers fitted vessel will get premium over low sulfur fueled vessels. The LSFO and HFO differential pricing is driving this charter advantage scenario. ...