IMO 2020 Pricing Strategy Proves To Be Confusing for Shippers
An eco ship is a vessel is designed for enhanced fuel efficiency.
An eco ship has a higher TCE than a non-eco ship because its fuel consumption is lower.
Ships with exhaust-gas scrubbers...
Marathon Predicts a Step-by-step Approach To Achieve Diesel Margins
Marathon operates 16 refineries with a capacity of 3 million barrels a day.
The sulfur content of 3.5% is far more than the IMO 2020 regulation of 0.5%.
VLSFO was approximately $487 per...
WHO and IMO Released a Joint Statement on COVID-19
WHO has declared the outbreak of Coronavirus as a PHEIC.
It has recommended measures to limit the risk of exportation or importation of the disease.
WHO and IMO have issued a statement on...
Coronavirus Creates a New Demand for Product Tankers
Product-tanker spot rates have risen when freight rates are collapsing.
LR2s with a capacity of 80,000-119,999 DWT is now around $26,000 per day.
MRs with a capacity of 25,000-54,999 DWT are now earning...
1.7 Million teu Shipping Volume Affected As Coronavirus Ripple Effect Engulfs Asia!
Supply chains are adversely hit as coronavirus outbreak is reaching new territories.
The effect of the virus shut down is now felt with more than 1.7 million teu shipping volume are in jeopardy.
...
Urgent Action Required To Reduce GHG Emissions! Urges IMO Chief
IMO urges “urgent need” to develop concrete measures to support IMO’s initial strategy to reduce GHG emissions from shipping.
“Zero emission shipping requires the development, widespread availability and affordability of new zero-carbon marine...
Mechanical Problem! Cargo Ship Disabled!
General cargo ship encountered a mechanical problem in Baltic sea, shortly after midday Feb 25.
The cargo ship was en route from Kiel to Kaliningrad, Russia.
Weather was reported to be stormy.
General cargo...
Weekly Maritime Security Report – Week 6, 2020
Protection Vessels International has released the 6th Weekly Maritime Security Report of 2020. The report summarized on 20th February 2020 highlights the various incidents that took place in the past week.
China: Hong Kong to...
Coronavirus Scare Spreads Prompting Actions Against Ships from Asia!
Hai Phong City and Port authorities made decisions which will negatively impact international shipping.
Quarantine zone berths designated in port, to handle ships while they’re not yet fully cleared and crew to remain...
Bullying Incident of Chief Engineer On-Board
Human Rights at Sea recently issued a case of bullying and harassment towards an Indian Chief Engineer from a Turskish Master on-board a Marshall Islands flagged vessel, reports Safety4sea.
The case remains redacted and the...