Shell-chartered Vessels Built by SHI Amongst First to Enter into Service

AET has christened and welcomed its first LNG dual-fuelled Aframax vessels, Eagle Brasilia and Eagle Bintulu at a ceremony conducted this week. Long-term charter The Christening...

Record-Breaking Maritime Simulator Contract to KONGSBERG

Kongsberg Digital to execute landmark $21.2 million SGD contract to deliver sophisticated and comprehensive Tactical Boat Handling and Firing Simulators. Largest ever Simulator KONGSBERG has landed...

Tanker Report – Week 41

VLCC Charterers took a step back last week after previously frenetic activity. In the Middle East Gulf rates peaked at WS 85 for 270,000mt to...

Rolls-Royce and Intel Join Hands for Intelligent Shipping Systems

Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer. Ship technology expertise and technology In...

LNG Bunkering Uptake to Rise Despite Clarity Over 0.5%-S Fuels –...

Availability of 0.5% Sulfur bunker fuels at the bunkering hubs isn’t a problem, says the BSM Director. Antwerp, Rotterdam, Genua, Marseilles in Europe...

Prime Aged Assets at a Significant Discount

Predicting the recovery in asset pricing involves many factors, and the current strength of spot market returns or term hire rates are only a...

Baltic Exchange Launches Ship Sale Escrow Service

On October 15, the Baltic Exchange’s Escrow Service was launched for its members to hold deposits for ship sale transactions. Escrow Service The Escrow service is...

Stena Bulk Confirms Scrubber Order

In a recent development, Stena Bulk has signed a turnkey exhaust gas scrubber solution agreement with Chinese Bluesoul to equip its Suezmax and IMOIIMAX...

[Watch] 22 Ancient Shipwrecks Found in One Spot

A joint Greek-American team of underwater archaeologists have found 22 ancient shipwrecks around Fourni, a small Greek archipelago. Disclaimer: This video is intended for informational...

FMC Clarifying ‘Reasonable’ Demurrage, Detention Fees

Demurrage/detention penalties and the high value of the U.S. dollar making exports very expensive in foreign markets. FMC investigation hopes to bring clarity...

H-Line Orders Largest LNG-powered Bulk Carriers

H-Line Shipping, part of the South Korean private equity firm Hahn & Co, has confirmed newbuilding orders for two 180,000-dwt LNG-powered bulk carriers. Who is...

Japan’s September Vessel Orders Down 12% on Year

Japanese shipbuilders export orders down 12% year on year and down 43.7% from August Outlook seen positive Japanese shipbuilders received export orders for a...

Firmer Capesize Rates Prop Up Baltic Index

The capesize index rose 20 points, or 0.9 percent, to 2,189 points. The panamax index gained 4 points to 1,779 points, highest since...

Ships Detained in the UK During September 2018

On 11th October, The Maritime and Coastguard Agency (MCA) announced that five foreign flagged ships were under detention in UK ports during September 2018...

Scorpio Announces LOI for Scrubber Retrofits

On October 15, the Scorpio Tankers Inc. announced its entry into an agreement to retrofit 15 of its LR2s with Exhaust Gas Cleaning Systems...

Sulphur Cap Scraps Chemical Tankers 6 Years Earlier

Chemical tankers could be scrapped five to six years earlier ahead of their estimated lifespan. IMO’s sulphur cap compliance Amid the International Maritime Organization's move to...

Singapore Bunker Sales Figure Down 5.2% on Year Last Month

Singapore’s Recorded bunker sales for September 2018 drops by 5.2% against same period last year record. Sales better by 3.8% from 3.96 million...

First-of-kind Containment Vessel Taking Shape

Construction of an ABS-classed LNG carrier with 45,000 cubic meters of storage capacity for Saga LNG Shipping Pte. Ltd. was commemorated on 11 September...

[Watch] Great White Shark Bites ANOTHER Shark as it Misses Bait

 A DRAMATIC viral video has captured the moment a great white shark attacks a smaller shark as the pair fight over food in the...

Wärtsilä’s 31DF Engine to Power a Polar Ice-class Cruise Ship

Wärtsilä LNG solutions featured on an environmentally advanced cruise ship which makes it much more efficient with minimal emissions. Pioneering Luxury Cruise Vessel The technology group...