How to Know the Engine Room Before Joining the Ship?
VR start-up SeaBot XR could speed up the process of adjusting to new engine rooms for the crew.
A smartphone and cardboard box...
NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December
A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for...
Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has...
Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel
Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020.
Company's common stock may finance upto 50% of the purchase price.
...
Angola LNG Offers Cargo for Jan-Feb Delivery
According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.
There are no...
Majority of ‘Wet’ Scrubber Systems have 3 Basic Components
Figure: Exhaust gas cleaning system basic components
There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove...
[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea
THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple...
Captain of Drifting Ship Jailed for Grounding Ship on Reef
On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for...
Capital Product Merge Tankers with Diamond S in a $1.65bn Deal
Highlights
Capital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations.
The new company hopes to be market leader...
Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation
Imperial College Research Team and M Squared laser firm build quantum compass.
Quantum navigation more secure than GPS which is vulnerable to signal...
Ship Operating Costs are Expected to Rise Further
Operating costs increased in 2018 and it's likely to affect the rest of the year.
Drewry's daily operating cost increased by 1.1%.
The...
Hapag-Lloyd Belatedly Joined the Scrubber Rush
Hapag-Lloyd jumps on the scrubber band wagon before they ‘sell out’.
The first retrofitting started with the 13,177 TEU Hamburg Express vessel and...
Maersk Looking for 10 Feeder Containerships
Maersk appears to be planning to grow its feeder boxship fleet.
Newbuilding discussion
Maersk is believed to be at an “advanced stage” of newbuilding discussions with...
Bulk Report – Week 47
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. It was said that one of...
Black Sea-Mediterranean Panamax Freight Rates at 16 Week Low
The freight rates to carry a 60,000 mt grain cargo from Odessa, Ukraine to Alexandria, Egypt, on a Panamax-size vessel have dropped to a...
ABB Extends Its Service Network in Zhoushan, China
In a recent development, ABB Turbocharging has announced that they are establishing a branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan...
How Many Components Does a ‘Wet’ Scrubber System Has?
How many Components does a ‘Wet’ Scrubber System has?
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New Developments in MARPOL Annex VI Compliance
As the IMO rejected a proposal for an “experience building phase” during the first month's of implementation, they went on to adopt an amendment...
[Watch] Dock Sank During Docking Maneuver
When the brandnew "Norwegian Gannet" was to enter the floating dock of the Coast Center Base AS in Ågotnes on Nov 26, 2018, around...
