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...
Maersk’s Biofuel Trial Launch With H&M Group
H&M takes part in the pilot of a new carbon neutral ocean fuel product to make a greener commercial transport.
The biofuel is certified as sustainable fuel by the International Sustainability and Carbon...
Two New Arc7 LNG Tankers To Join Yamal Fleet
A new Arc7 class ice-breaking LNG tanker, Nikolay Urvantsev, is undergoing sea trials to join a fleet servicing Novatek's Yamal plant, says an article published in Reuters.
Nikolay Urvantsev
The new Arc7 class Nikolay Urvantsev ice-breaking...