Team Tankers Announces Q2 2020 Results

Team Tankers reported EBITDA for the 2nd quarter of $21.7 million. Net loss in the 2nd quarter of 2020 was $2.4 million. The...

Asian HSFO Markets Survive IMO 2020 Despite COVID-19

LSFO is the marine fuel of choice worldwide, but HSFO has held its stead in Asia. Demand for high-sulfur fuel oil is expected...

Freighter Runs Aground on Coastline At Full Speed

According to an article published in Maritime Bulletin, a general cargo ship ran aground on the eastern coast of Tilos island, Greece, Aegean sea. What...

CSR Software Tools Updated To Comply With IACS Rule Changes

The CSR software products support users with creating designs that will comply with the latest 1 July 2020 RCN for CSR FEA and...

Viswa Group Highlights The Importance of Lubricant Testing for VLSFOs

Viswa Group has embarked on a project to test the demands of the newly evolving lubricants. Companies are developing new cylinder oils with...

Russia’s Biggest Oil Player Posts a 34.4% Slump in Bunker Sales

Gazpromneft, posts a 34.4% fall in bunker fuel sales for the first half of 2020 in comparison to a similar period last year. ...

Strategic Plans To Slash SOx Emission in Mediterranean

In recent times the United Nations Environment Programme (UNEP) asks the governments frequently to build back greener. NEP’s Mediterranean Action Plan (UNEP/MAP) aims...

Pilot Fatigue Cited in Marine Towboats’ Collision

National Transportation Safety Board reports of the collision between two towing vessels and analyzes the factors behind the accident. Towing vessels' collision At 0408 local time...

Loaded Bulk Carrier Runs Aground

Bulk carrier Rubina ran aground in Weser river, Germany, while proceeding downstream, en route from Bremen to Houston USA. The vessel was refloated...

Nisshin Shipping Fixes Clearlake Charters for Its Newbuilds

Nisshin Shipping has fixed charters for two newbuild 50,000 dwt product tankers. The day rate for each vessel will be $15,250. The vessels...