IMO Laws Move the Bar on Low Sulphur Sweet Crudes
IMO 2020 shipping fuel regulation has triggered a shift in oil market fundamentals, increasing the desirability of low sulphur, sweeter crudes with the ability to be blended into the low sulphur fuel oil pool,...
Singapore-Flagged Vessel Auctioned On Taobao for S$16.7 Million
According to an article pulished in Insider Financial, a Singapore-flagged vessel was recently auctioned off on online shopping platform Taobao for 81 million yuan (S$16.7 million).
Offers from six bidders
The crude oil tanker, which was...
Shipping Company Fined $3 Million by U.S. Court
According to an article published in St.Thomas Source, the U.S. District Court issued a criminal fine of $3 million to Ionian Shipping, Lily Shipping and several principals after convicting them of crimes connected to...
LNG Carrier Spot Market Remains Stagnant With No Signs of Development
According to an article published in Seatrade-Maritime News, the long talked about LNG carrier spot market is unlikely to see further development according to senior executives from ABS and Poten & Partners.
Surge in newbuilding...
Iceland Bans HFO in Shipping Industry To Tackle Emissions
According to an article published in Energy Live News, the new regulation will restrict exhaust emissions containing high levels of sulphur from being burned by ships in the nation’s territorial waters.
Iceland bans HFO
Iceland has...
Royal Patronage Adds Prestige To TMS Awards
The Maritime Standard Awards announced that, for the sixth consecutive year, the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum has been bestowed on the event, reports Marasi News.
Leading global business leader
The...
Crew’s Awareness on New Rules Vital To Avoid Criminal Convictions!, Warns Seafarer Union
According to a recent LoadStar article, Seafarer representatives are increasingly worried that the forthcoming IMO 2020 low-sulphur regulations could result in a spate of criminal convictions.
Why is it so important?
Seafarer union Nautilus International said...
[Watch] Inside the Largest Hydrodynamic Test Facility in Europe
On October 11, the French Direction Générale de l’Armement (Directorate General of Armaments) organized a visit of its DGA Hydrodynamics centre in Val-de-Reuil, Normandy, says an article published in NavalNews website.
Here, we take you...
Weekly Bulk Report – Week 49, 2019
The Baltic Briefing has released a report about the dry bulk market of the 49th week of shipping activities of this year. The report dated 06th December highlights the plight of the dry bulk market...
ClassNK and Associates Trial Advanced CBM for Autonomous Ships
Leading Classification Society ClassNK has concluded a joint research agreement for developing advanced condition-based maintenance (CBM), reads a press release by the company.
This is a new maintenance and management process for engine machinery plants,...