Container Feeder Vessel Pockets $3000/Day for LNG

The container feeder vessel MV Wes Amelie saved its operators an average of €2,750/day ($3,059/day) by burning liquefied natural gas (LNG) rather than marine gasoil (MGO) in 2019, reports Ship&Bunker. The ship was converted to...

Seaspan Closes Deal on the Purchase of Six Containerships

Seaspan closes on the purchase of a fleet of six containerships. The company says its global fleet now approaches one million TEU. Seaspan's market share is up to 7.7% of the global fleet...

One-time Amnesty Granted for 3,762 Seafarers With Fake Certificates

DG Shipping India issued show-cause notices to 3,762 candidates who were found to have been obtaining fake maritime certificates. IMA has granted a one-time amnesty scheme for those seafarers found to be holding...

‘Lehman-type’ Moment? Analysts Warn Markets Are Complacent Over Coronavirus Risk!

Perret-Green highlighted that at the end of 2002, the Chinese GDP was estimated at around $1.5 trillion, 4% of global GDP. By the end of 2019, this was $14.3 trillion and over 16%...

OPEC Calls Urgent Meeting As Oil Market Takes a Coronavirus Slump!

According to a Freight Investor Services report, the oil markets are responding to the coronavirus outbreak as the market slumps low, triggering actions from OPEC. The Coronavirus Effect The  coronavirus infections in China have passed 7,700...

No Respite from VLSFO Shortage As Refining Facilities in Tatters

China VLSFO output to pick up from around Q2 2020 China refiners need time to add facilities, adjust output More than 3months till new refining facilities develop.  State refiners apply for export quotas...

Concrete Blocks Collapse Into Cargo Hold, Two Workers Trapped

According to a Maritime Bulletin report, set concrete boards stacked onboard the vessel collapsed into the cargo hold. What happened? On February 3, the concrete boards' stacks collapsed in the cargo hold of general cargo ship...

German Container Ship Runs Into Steering Trouble in Kiel Canal

According to a Maritime Bulletin report, a container ship suffered engine failure in the Kiel Canal. What happened? The container ship Ceres suffered engine failure while transiting Kiel Canal in the afternoon Feb 2, and ran...

Geeks Take the Social Media by Storm on Rare Palindrome Day!

Last Sunday, February 2nd, 2020 made for an unusual day! A special day known as the Palindrome Day. Maths geeks around the world celebrated this rare day that - unless they're very, very young...

Scrubber Retrofit Delay As Drydock Crews Affected by Coronavirus Scare!

According to a Reuters report, shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from...