How Will US Sanctions on Venezuela Impact Tankers?

The United States has imposed sanctions on state-owned Venezuelan oil company PDVSA to prevent Venezuelan president from enjoying the benefits. The actions also prevent companies...

IMO 2020 Scrubbers Uptake – 4% of Vessels, 10% by Tonnage

4% of the world fleet plus order book is slated to have scrubbers. A majority of this 4% is still waiting to get...

Electric Container Ships Are Stuck on the Horizon

The Yara Birkeland in Norway, is the world’s first electric-powered, zero-emissions container ship and the first autonomous commercial vessel. It will carry just...

American Shipping Company ASA Reports Q4 Results

On 28 February 2019, American Shipping Company ASA announced the results for fourth quarter ending 31 December 2018. Report Highlights Overseas Shipholding Group (“OSG”) exercised...

Bulk Report – Week 9, 2019

The Baltic Briefing has released Bulk carrier maritime activity report for the 9th week of this year. The report formulated on 1st March 2019...

NYK Charters Its Eco-friendly Wood-chip Carrier for Long-term

In a recent development, NYK has announced that they have concluded a long-term contract with Mitsubishi Paper Mills Limited for a new wood-chip carrier...

12 Vessels Travel 21,000 Miles Holding Nothing But Seawater

Vessels are making voyages of as much as 21,000 miles direct from Asia, all the way around South Africa, holding nothing but seawater...

How Does Scrubbers Financing Work?

When it comes to complying to the new IMO regulations due to be effective from 2020, scrubbers installation is not the only challenge, the...

Product Tanker Attacked, 3 Crewmembers Kidnapped

On March 2, a product tanker was attacked by pirates near Lome, Togo waters, Gulf of Guinea, reports Medium. What happened? The vessel Histria Ivory with 21...

Another Brightoil VLCC Detained in China

On March 4, a very large crude carrier (VLCC) Brightoil GEM had been arrested by China’s Haikou Maritime Court at the request of the...

Is European Commission Pushing Forward Restrictions on Scrubbers?

CSA 2020 raised concerns over the proposal the EC submitted to IMO on changing its scrubber guidelines. Proposal was for “evaluation and harmonization”...

[Answer] Must Have Qualities of Water Supplied to a Scrubber?

Scrubbers are the ultimate immediate compliance solutions that the shipowners are looking into. Although the skepticism and ban on open-loop scrubbers have made some...

Rotor Sail Solution Gets First-Ever Design Type Approval from DNV GL

Norsepower’s auxiliary wind propulsion system Rotor Sail Solution received the first type approval design certificate. The type approval from leading ship classification society...

Shipping Ban Ease Offer Receives Cold Shoulder from Traders

  The market receives UAE’s gesture of easing ban on shipping of goods between the country and Qatar with lukewarm response. Due to business...

Big Disaster Due To Cargo Ship Grounding

  The oil spill at the Lughu Bay in West Rennell has affected the villagers beyond relief as their source of fresh food has been...

Mærsk Brings New Faces of Change on Board

  In a major development, Maersk is planning to add new members to its Board of Directors, reports Globe Newswire. Why is it needed? At the ordinary...

South Korea’s KOGAS Sends U.S. LNG Cargoes to Europe

  Korea Gas Corporation (KOGAS) has redirected cargoes of liquefied natural gas (LNG) from South Korea to northwest Europe this winter for the first time,...

With Brexit in Flux, Shippers Re-Route to Avoid Dover

The prospect of truck jams has made everyone think about transport modes with alternative routes. The problem of delay is further fuelled by...

Slow Steaming to Arrive at the Right Time

Container ships, on average, spend 6% of their time, every year, waiting at anchor due to delays at port. This occurs due to uncoordinated...

Why Tanker Owners Don’t Believe in a Tesla of the Seas

Discussions on digitalisation featured heavily at Riviera Maritime Media’s Asian Tanker Conference in Singapore, reports Edwin Lampert for Tankershipping. Investment for improvement Some of the most...