Maersk’s Sekstant Launch a “Significant Breakthrough”

According to media reports, Maersk Container Industry (MCI) is all set to launch their new Sekstant Global Guidance system for reefer digitalisation next year. This roll-out is the most significant technological breakthrough since the introduction...

[Watch] Tanker, Frigate Collide Off Norway! Oil and Gas Plants Shut

On November 8, an oil tanker and a Norwegian navy frigate collided off Norway's west coast, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas...

Pirates Attack Bermudian-registered Tanker

On November 6, a Bermuda registered tanker was attacked by pirates near Nigeria. What happened? The Bermudian-registered LNG tanker 'River Niger' was attacked by pirates in the Gulf of Guinea, Nigeria. The armed pirates approached the vessel by...

Bulk Sector Prospects Positive But Challenges Ahead

Last week, the delegates attending the Bulk Terminals 2018 learned about the real condition of the bulk sector. The bulk sector is said to have been navigating its way out of the doldrums. However,...

Eagle Bulk Fourth Quarter of 2018, Attained a TCE of $12,407

Recently, Eagle Bulk Shipping Inc. one of the world's largest owner-operators in the Supramax / Ultramax segment, released their 3-9 months financial results report which ended on September 30, 2018. Highlights of the Report Generated...

Suardiaz Introduces Spain’s Second LNG Bunker Vessel

Madrid-based Suardiaz Energy Shipping has taken delivery of Bunker Breeze, a 5,250-dwt multi-fuel bunker vessel, from the Zamakona shipyard in Bilbao, says a news article. LNG bunker vessels deliverability Bunker Breeze is Spain’s second LNG...

SFL – $400m Lease Financing for 4 x 14,000 TEU container vessels

On November 6, Ship Finance International Limited announced that it has entered into lease financing agreements totaling $400 million with an Asian-based institution to finance four 14,000 TEU container vessels acquired in May 2018. Long-term...

Six of Matson’s “Core Vessels” will be Scrubber Ready

Matson Inc., reported net income of $41.6 million, compared with $34.6 million in the third quarter of 2017. Revenue in the third quarter this year was $589.4 million compared with $543.9 million reported...

China to Supply LSFO Bunker from Aug 2019

A Platts report by Su Ling Teo says that the Chinese oil giant Sinopec is currently in talks with end-users to supply low sulfur bunker fuel compliant with IMO 2020 standards at domestic ports. How...

London P&I Club Issues Guide to ECDIS Management

The London P&I Club has joined forces with London Offshore Consultants (LOC) to produce a guide to the proper management of ECDIS (Electronic Chart Display and Information System) on board ships. Common failings identified The driving...