Ship Scarcity Threatens LNG Market Growth More than Tight Supply –...
The lack of timely investments in building the LNG carrier fleet threatens market development and security of supply, which could materialize earlier than insufficient...
Ship Operating Costs May Go Up in 2018 and 2019
Cost of drydocking, maintenance and repairing expenditure will increase by 2.3% in 2019.
Lubricants and spare cost in 2019 will increase by 2.1%...
[Watch] Drone Captures Civil War-Era Shipwreck
Incredible drone video shows a clear view of a steamer believed to have been a blockade runner during the Civil War.
Disclaimer: This video is...
Pilot and Bridge Team Mis-communication Grounds Vessel
Summary
At 1137 on 4 May 2017, the UK registered container ship CMA CGM Centaurus made heavy contact with the quay and two shore cranes...
Contaminated Bunkers: Barking Up the Wrong Tree?
An epidemic of ships experiencing fuel-related problems with seemingly on-spec fuels this year, starting in the US Gulf, has led to feverish speculation about...
IMO Adopts Carriage Ban of Non-compliant Fuel Oil
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization...
IBM and Maersk Struggle to Sign Partners to Shipping Blockchain
It's hard enough to get enterprises that compete with each other to work together as a team, but it's especially tricky when one of...
Kidnappers Release Twelve Crew Members of Swiss Bulker
On October 28, the Swiss judicial officials have released the twelve crew members of a Swiss ship reportedly seized off Nigeria coast.
What happened?
On September 22,...
Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri
In a recent development,Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.
What's in the contract?
Verifavia will...
Can Speed Limits Help Box Ships Hit Emissions Target?
Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar that slow-steaming could “single-handedly” achieve the target.
Can speed limits help?
Mandatory speed limits...
Ship Financiers Back Tougher Action to Cut CO2 Emissions at Sea
Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.
CO2 emission agreement
In April, the...
NAPA Fleet Intelligence for MOL 80 Bulkcarriers
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...
Global Shipping Freight Rates Slump as Trade Slows
24% decrease in the cost of hiring container ships and 10% on raw material rates.
Tight credit conditions, market currency weakness and trade...
IMO’s High Sulphur Fuel Carriage Ban Remains on Track March 2020
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...
End of Detour Trades on High Seas
One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to...
Weekly Market Report
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, Atlantic LNG Vessel Spot Charter Rates Continue Climb on Low...
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 Charters Hoegh Gallant LNG Vessel
“Clearlake Shipping, a unit of Swiss-based energy trader Gunvor has chartered the Hoegh Gallant vessel as a conventional LNG carrier”, the reuters quoted...
Maersk Jack-up Bags One-well Extension with Petrogas
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...
IMO Rejects U.S.-Backed Plan for Phased Start of Ship-Fuel Rules
The International Maritime Organization rejects the proposal -- supported by both the U.S. and shipping groups -- for a phased start to rules that...
