[Watch] World’s Biggest Container Ship Completes Its Maiden Voyage
The world's largest container ship HMM Algeciras arrives in the UK for the first time completing its maiden voyage, reports BBC.
Maiden voyage
The world's largest container ship has completed its maiden voyage, arriving in Essex.
HMM...
Special Guidelines on NOx Tier III Compliance
ABS has published the ABS Advisory on NOx Tier III Compliance to provide best practice for IMO Tier III compliance for new build vessels and retrofitted ships.
ABS has also launched two supporting...
Freight Rates Go Haywire Due To Economic Instability
LR1, MR rates fall as refineries cut output
LR2 commands w26-point premium to LR1
LR1 rates at their lowest level so far for 2020
A recently published article in the Platts, written by Sameer...
Weekly Tanker Report – Week 24, 2020
The Baltic Briefing has issued the tanker report for the 24th week of this year. The report dated 12th June 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and...
Carriers ‘Unblank’ Sailings Due To Spike in Container Spot Rates
A massive spike in transpacific container spot rates was noticed.
This encouraged ocean carriers servicing the route to ‘unblank’ more sailings to meet market demand.
Shanghai Containerized Freight Index (SCFI) recorded a 29%...
Fire Breaks Out Onboard Cargo Ship, Thousands of Cars Liquefy!
A major fire broke out on the Höegh Xiamen, an automotive cargo ship.
The ship housed thousands of used cars loaded at the Port of Jacksonville in Florida.
The fire started on the...
Another Asian Country Reports COVID19 Resurgence With 47 New Cases!
Tokyo metropolitan government confirmed 47 new cases of COVID-19 infections.
This report comes only a few days after Tokyo Governor allowed businesses to open.
The cumulative total of cases in Tokyo now stands...
Greater LNG Use Can Worsen Shipping’s Climate Impact!
LNG as a clean alternative on the sea needs to be addressed.
LNG not seen helping shipping industry meet 2050 climate goals.
LNG is growing to around 12% of total bunker fuel demand...
Oldendorff Acquires Capesize Bulker Trio from Tata Power!
Oldendorff signs a comprehensive package deal with Singapore-based Trust Energy Resources.
The deal is for the acquisition of the following Capesize bulk carriers at an en bloc price of US$ 212,760,000.
The transaction...
More Than 40000 Seafarers Still Stranded Due To COVID19!
More than 40,000 cruise ship workers are still stuck at sea because of concerns about the coronavirus.
The U.S. Centers for Disease Control has prohibited cruises in U.S. waters through July 24.
Some...