IMO Adopts Fuel Reshipping Resolution for Ship Safety : MSC
In a recent development, the IMO’s MSC adopted a resolution providing recommended interim measures to enhance the safety of ships relating to the use of oil fuel last month, reports the Tanker Operator.
This followed...
Delft’s Preliminary Scrubbers Assessment Shows Negligible Port Impact: MEPC74
The Clean Shipping Alliance (CSA) 2020 says that the preliminary results of an independent study indicate that accumulated concentrations of residues from exhaust gas scrubber wash water are at very low levels and well...
The 29th CIMAC Congress 2019, Vancouver
CIMAC Congress is held once every three years and attracts the best brains in the marine engines, marine fuels and lubricants industry. The 29th CIMAC Congress was held in Vancouver, Canada on 10-14 June. A senior...
Diana Shipping Announces Sale of Panamax Vessel m/v Thetis
Diana Shipping Inc. announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell “Thetis”, for a sale price of USD 6.4 million before commissions, reports Sea News.
What is...
[Watch] Big Shipbuilders Pull Out of £1bn MoD Support Vessel Shortlist
Big shipbuilders pull out of £1bn MoD support-vessel shortlist. Blow for UK as Italian and Korean yards withdraw from tendering.
Disclaimer: This video is intended for informational purpose only. This may not be construed as...
GasLog Ltd. and GasLog Partners LP Agrees To Eliminate IDRs
GasLog Partners to benefit from a differentiated corporate and financial structure, being the first marine MLP to eliminate IDRs.
GasLog in a transaction will receive 2,532,911 common units and 2,490,000 Class B units.
...
Faster Cargo Ship Service Starts on Yangtze River
A fast cargo ship service on the Yangtze River waterway started on Wednesday to transport 350 standard containers from Yibin Port in southwestern Sichuan Province to Shanghai, reports Xinhuanet.
Cost to be significantly reduced?
The ship...
Inmarsat and Hyundai Sign Agreement To Fast-Track Maritime Digitization
Inmarsat has finalized a business agreement with Hyundai Global Service for maritime digitalization.
The move is expected to pave way for cooperation that will include the use of Fleet Xpress Dedicated Bandwidth Services by HGS...
Singapore MPA Temporarily Suspends PTE’s Bunker Operator Licence
The Maritime and Port Authority of Singapore(MPA) has issued a circular to bunker suppliers, bunker craft owners and operators, and shipping community harbor craft community, says a press release published on their website.
Suspension of license
The Maritime...
Expect Oil Price at $65-70 a Barrel in Second Half
According to experts, in the second half of the year due to IMO 2020 regulations, crude oil is expected to be priced at $65-70 a barrel.
All geopolitical factors, US-China trade tension are starting to...