Ship Operating Costs Decline for Sixth Successive Year
Total annual operating costs in the shipping industry fell by 1.3% in 2017. This compared to the 1.1% average fall in costs recorded for...
‘A Market Approach’ Dialogue on Bunker Surcharges
The European Shippers’ Council has called for a market approach dialogue on shipping line bunker surcharge mechanisms ahead of the IMO 2020 sulphur cap...
Bunker Contaminants Fuelling Confusion
2018 has not been a good year for marine fuels.
Contamination problems in the US, the Gulf and the Far East have affected hundreds of...
Liquefaction Effect Observed During Earthquakes Can Also Sink Ships
Granular materials like sand appear like a solid but under certain circumstances they can behave like a liquid. How this exactly happens is still...
Things Only Cruise Ship Operators Know
Most holidaymakers aren’t aware of the nitty gritty details of cruise ships. Unless you’re a seasoned cruise traveller, you scarcely get to know this....
NYK, Tokyo Gas Celebrate Naming of LNG Vessel
The American Shipper reports that the naming ceremony of NYK and Tokyo LNG Tanker Co. Ltd new LNG ship took place at the TSU...
Seanergy Sells Off Two Supramaxes, Becomes Pure-play Capesize Vessel Owner
Seeking Alpha reports that Seanergy Maritime has agreed to purchase a 180K dwt secondhand capesize vessel for $28.7M.
The company will also sell 2...
Hahn LNG Fleet Reaches 16 Vessels with SK Shipping Acquisition
Hahn & Co, a Seoul-based private equity firm has acquired a 90% stake in SK Shipping, South Korea’s fourth-largest shipping company, for a reported US$1.35Bn.
Financially crunched
The...
NYK Line Signs LNG Newbuild Charter Deal with Total
The Nippon Yusen Kaisha Line has signed a seven-year contract with Total Gas & Power Chartering, a unit of Total, for the construction of...
Ship Finance International Limited – Sale of Older VLCC
On October 1, the Ship Finance International Limited announced its plan to sell the 2001 built VLCC to a third party.
Sale of VLCC
The company...
Stolt’s Small-scale LNG Play Gets New Partnership
Joint investment of US$182M in Avenir LNG
Stolt-Nielsen 50% stake and Golar LNG and Höegh LNG Holdings each have 25% share
Plans to raise...
Panama Canal Transits Four LNG Vessels in One Day
On October 1, Panama Canal reached a new milestone after the successful transit of four Liquefied Natural Gas (LNG) ships with beams of up...
Shell VLSFO Fuel Availability 2020 Announced
On October 3, the Shell global marine fuels network launched the fuel availability plan for key ports in 2020.
Enable customers to meet IMO's 2020...
[Watch] Second-Oldest Shipwreck Found in Great Lakes
The second-oldest confirmed shipwreck in the Great Lakes was discovered below the surface of Lake Ontario in late June by a group of retirees...
Are Biofuels a Viable Alternative for the Shipping Sector?
Some shippers are exploring the use of biofuels as the 2020 deadline approaches.
It complies to the new regulations but the cost of...
Maersk Shakes Things Up
Maersk CEO Søren Skou has made some drastic changes in the past 2 years which is in line with their planned restructuring of...
It’s a Nitrogen Generator
Chemical tankers, gas carriers and reefer ships need clean, dry nitrogen for inerting, purging and cargo padding. Onboard nitrogen generators are the most efficient...
Scrubber Wastewater Treatment from LiqTech
The world’s largest marine scrubber manufacturers will develop a new product for the treatment of Marine Scrubber Wastewater which would be delivered to LiqTech...
Ishin the First LNG-fueled Tugboat Owned from MOL
On September 28, the TOKYO-Mitsui O.S.K. Lines, Ltd. announced the launching of the tugboat named Ishin, named after the MOL's technology development project 'Ishin Next...
MPA Dishes Out S$26m to Promote LNG Use as Marine Fuel
The Maritime and Port Authority of Singapore (MPA) has shelled out S$26 million to kick-start the use of liquefied natural gas (LNG) as a cleaner burning...
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