MethaShip Project: Renewable Methanol is ‘Fuel with a Future’
Cross-industry research finds key advantages for the use of methanol in medium speed marine engines for passenger shipping.
In a press release dated 22 October...
Wartsila’s Scrubber Business Rise But Cuts Services Outlook
On October 23, Finnish ship technology and power plant maker Wartsila reported lower than expected quarterly profit and new orders which downgraded the demand...
MOL Unveils High-quality and Efficient LNG Carrier
MOL's has announced its newbuilt LNG Carrier to serve Mitsui & Co. to transport shale gas-derived LNG from Cameron Project in the United States.
Naming Ceremony
On October...
[Watch] World’s Oldest Intact Shipwreck Discovered in Black Sea
An ancient Greek trading ship dating back more than 2,400 years has been found virtually intact at the bottom of the Black Sea, the...
Working Together
From the energy we use to the food we eat, the clothes we wear and the things we use every day, we enjoy a...
Baltic Index on a Week High!
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a one-week high on Monday, supported by rising...
IMO 2020 to Cause One-off Oil Demand Surge Before Market Adjusts:...
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of...
China’s First Seagoing LNG Bunker Vessel
The privately owned Chinese gas distributor ENN Energy has placed an order for an 8,500-m3 LNG bunker vessel at Dalian Shipbuilding Industry Company (DSIC) to...
Lower Sulfur Fuel Transition May Not Be Smooth
Even before new international regulations on maritime fuels kick start, the oil market has tightened significantly this year, pushing prices higher and putting pressure...
Why the Maritime Industry Needs More Women
In recent times, more and more women are entering the shipping domain but despite that women are far behind in this male-dominated industry. So...
‘Unplugged’ Shipping Forging a New Era
The maritime industry is a fast paced one which is always up for major changes. It’s the ports and shipping which generally face significant...
New Supertanker Successfully Performed Ship-to-Ship LNG Bunkering
On October 18, Director General of Russian Maritime Register of Shipping, participated in a protocol event dedicated to the successful project implementation of construction and...
Testbed Established for Internet of Ships Open Platform
On October 18, a testbed was established for an Internet of Ships Open Platform (IoS-OP), and for the test, NYK provided a next-generation onboard...
Could Chip Fat Help Dirty Shipping Clean Up its Act?
It is a well-known fact that the global shipping industry is a big contributor to greenhouse gas emissions as aviation. The heavy fuel oil that...
[Watch] Small Vessel Sink in Cold Irish Sea
Amateur-captured footage shows the dramatic rescue of two fishermen whose boat sank off the coast of County Down.
Disclaimer: This video is intended for informational...
Tanker Report – Week 42
VLCC
Middle East Gulf rates remained unchanged, with Thailand fixed at WS 86 and China rates around WS 83.5/84 for 270,000mt. US Gulf-bound 280,000mt went...
Panamax Vessel Rates Surge to 5-year High
The Panamax dry bulk vessel rates have surged to a whopping 18% over the past month to near five-year highs amid strong Pacific coal...
CMA CGM has Increased its Holding in Ceva Logistics
Following the rejection of a takeover bid by DSV last week, CMA CGM has increased its holding in Ceva Logistics to 33%.
Increase in holdings
The increase...
Solo Bridge Manning Contributes to Grounding
Summary
At 2350 on 26 September 2017, Marbella departed Hong Kong for Tarahan Coal Terminal in Indonesia. The following day on, 27 September, the master...
Tantalizing Possibilities in Sulfur Regulation Implementation
What more variables could enter into the picture at this late hour with the 1.1.2020 deadline only a matter of months away?
IMO has repeatedly...
