Weekly Tanker Report – Week 28, 2019
The Baltic Briefing has issued the tanker report for the 28th week of this year. The report dated 12th July 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
ABS and MOL in Landmark Gas Carrier Agreement
Gas Carriers (SHANGHAI) ABS has signed a Memorandum of Understanding (MoU) with Mitsui O.S.K. Lines Ltd. (MOL) to collaborate on up to 14 new gas carriers, says a press release published on their website.
What is...
LNG Shipping in Terms of the ‘Cool Pool’
The Cool Pool launched in September 2015 with 14 tri-fuel diesel engine (TFDE) LNG carriers.
Cool Pool improves the utilization of the participating vessels and to allow for the use of Contracts of...
Port of Corpus Christi Wins AAPA Award of Excellence
The American Association of Port Authorities (AAPA) recognized the Port of Corpus Christi’s Moving America’s EnergyTM media campaign with its 2019 Award of Excellence, reports SeaTrade Maritime News.
Moving America’s EnergyTM media campaign
The campaign highlighted
...
Safe Bulkers Completes First Scrubber and BWTS Retrofits
Retrofitting of the exhaust gas cleaning system by Safe Bulkers is in response to IMO regulation starting 1 January 2020.
2009-built Martine gets its scrubber retrofitted first and is concurrently done with BWTS...
Oil Market Awaits Impact of Barry on Stocks
According to an article published in Freight Investor Services, the front end crude spreads and crack is getting slammed in the fuel oil markets after reaching ridiculous highs at the end of last week.
Increase...
Ship’s Crew Detained in Port of Leith Due To ‘Shortage of Food’!
According to an article published in BBC, a Russian ship was detained in Leith over unpaid wages and safety issues has had fresh food delivered by a charity.
What happened?
The Maritime and Coastguard Agency (MCA)...
Product Tankers Ready To Ship Re-engineered Marine Fuel
ExxonMobil has introduced EMF.5, its range of engineered marine fuels developed ahead of IMO’s global 0.50% sulphur cap.
ExxonMobil's fuels are specifically engineered to help vessel operators comply with the 2020 regulations without...
Asia Refiners Venture into Export of IMO Compliant Fuel
Taiwan and South Korean refiners are venturing into newer markets to export low-sulphur ship fuel.
Refiners have redirected low-sulphur feedstocks for making VLSFO, with 0.5% or less sulphur content due to less demand for gasoline.
Fuel...
[Watch] How Important It Is To Monitor Fuel Spend?
Fuel costs are a critical component of overall transportation expense and with the new IMO 2020 Sulphur fuel regulations it's set to change drastically. Matt Balzola, Vice president of go...