Weekly Bulk Report – Week 4, 2020

The Baltic Briefing has released a report about the dry bulk market of the 4th week of shipping activities of this year. The report dated 24th January highlights the plight of the dry bulk...

Top Maritime Firms Partners With Tech Startups

Five top maritime corporations partner with tech startups to work on 13 separate projects aimed at accelerating innovation and improving the bottom line, reports The Maritime Executive. Partnership for innovation  With the assistance of the corporate...

Fuel Quality, Delays & Debunkering Issues Murking 2020 Transition?

Bunkering delays, fuel quality problems, debunkering, and uneven enforcement are emerging after what appeared to be a smooth transition, says an article published in Seatrade Maritime News. Was it a smooth transition? Nearly a month into...

Strong Wind Leads To Tanker Contacting Breakwater!

    Product tanker contacted breakwater while leaving Ulsan, Korea, Japan sea, in the morning Jan 27, reports Maritime Bulletin. What happened? Product tanker BON CHALLENGER contacted breakwater while leaving Ulsan, Korea, Japan sea. The ship, bound...

London P&I Club Put Up Risk Control Measures for Coronavirus

London P&I Club advises shipowners and operators that vessels calling at Chinese ports may wish to take precautions in regard to the spread of the novel coronavirus that emerged in Wuhan last month, reports...

LNG Ships Emitting Greenhouses Gases!

Shipping industry’s great hopes with engines powered by liquefied natural gas, won’t offer the benefits that many vessel owners are hoping for, reports Bloomberg. Why LNG will not offer expected benefits? One of the shipping industry’s...

IBIA: Shippers Have Adopted IMO 2020 Without Any Glitches

IBIA reported that shippers experienced smooth transition to IMO's revamped regulations. Price of 0.5%S bunker fuel in Rotterdam surged more than 16% as demand rose in December. Moreover, no quality concerns were raised...

LPG To Be Used as Marine Fuel in The Shipping Industry

LPG has entered into shipping and is likely to takeover marine fuel market. LPG is a clean, energy efficient and portable fuel with an affordable price tag. LPG will play a major role...

Ocean Freight Rates Affecting Contract Cargoes!

Ocean carriers are taking advantage of some of the best rates in three months. They are deferring contract cargo in favor of spot freight as shippers try to book space ahead. Spot ocean...

NAT To Reap Benefits of Strong Tanker Market Conditions

  In a January 7, 2020 message, it was informed about the first fixture of 2020 with a Time Charter Equivalent (TCE) in excess of $100,000 per day, says a press release published on their...