Evergreen Confirms Newbuilding Project Worth $1.6 Billion
Evergreen has announced plans to build ten 23,000 TEU containerships valued between $1.4bn and $1.6bn.
In August, the company announced it scrapping plans and to charter up to 11 mega boxships.
It has...
Disabled Cargo Ship Towed To Safety
A towing company based in West Cork towed a disabled cargo ship to safety.
The cargo ship broke down in the mid-Atlantic ocean, around 600 nautical miles off the west coast.
There were...
A Smart Tug is Much More Than A Floating Tesla!
Riviera’s Smart Tug Operations Conference in Singapore kicked off with a session on the IntelliTug with questions on autonomous vessel technology.
The IntelliTug project is a collaboration between Wärtsilä and Singapore’s PSA Marine...
Hyundai Bags Contract To Build LNG Carrier for H-Line
HSHI has bagged a contract worth $191.2 million from H-Line Shipping Company for building an LNG carrier.
The is touted to have a carrying capacity of 174,000m³ and is expected to be delivered...
Hapag-Lloyd Launches an User Friendly Insurance
Hapag-Lloyd is expanding its digital product portfolio.
The company is now offering its customers an online marine insurance, available on the Hapag-Lloyd website.
Customers of "Quick Cargo Insurance" benefit from a particularly user-friendly,...
Weekly Tanker Report – Week 38, 2019
The Baltic Briefing has issued the tanker report for the 38th week of this year. The report dated 20th September 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
Impact of Global Ray on Local Waters Worse?
The U.S. Coast Guard confirmed Saturday reports of oil leaking from the Golden Ray cargo ship, which remains in the St. Simons Sound where it overturned back in early September.
The Coast Guard's...
Mobile Ship Channel Widening Plan Gets a Go Ahead
The Alabama State Port Authority announced that it has approved the request received to deepen and widen Mobile's ship channel, reports 3WearTV.
What is the need?
The State Port Authority announced that federal officials approved a...
IMO2020: The Backwardation and Contango Conundrum
Front-month forward curves for Argus-assessed northwest European and US Gulf coast 0.5pc sulphur fuel oil intersect from December 2019 to January 2020.
The northwest European curve moving into backwardation and the US Gulf...
2020 Decree Creates Singapore-Fujairah LSFO Arbitrage
According to several market participants, the fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, reports Platts.
LSFO voyages
The fuel oil market has started to see...