Marine Scrubber Systems Market To Increase 20.4% CAGR by 2028
Marine Scrubbers have become the potential option in the post IMO 2020 world but their washwater are a concern.
The washwater needs to be treated according to IMO 2015 regulations.
The global market...
Cosco PetroChina Shipping Lines Up Product Tanker Quartet
According to an article published in Splash, Cosco Shipping Energy Transportation has approved a proposal for its 51% owned joint venture, Cosco PetroChina Shipping, to join the bidding for four 28,000 dwt product tankers.
Vessel...
Weekly Bulk Report – Week 27, 2019
The Baltic Briefing has released a report about the dry bulk market of the 26th week of shipping activities of this year. The report dated 5th July highlights the plight of the dry bulk...
Fatal Fall from Chemical Oil Tanker Accommodation Ladder Platform
According to an investigation report published by the UK Government's Marine Accident Investigation Branch, MAIB, a crew member fell between the Luxembourg-flagged vessel and the quay at Saltend, Hull, England.
Summary of events
On 26...
Maersk Blockchain Platform Grows With Hapag-Lloyd and ONE Addition
In a major development, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd announced that they will join the blockchain-enabled digital shipping platform, TradeLens jointly developed by A.P. Moller - Maersk and IBM, says...
Mega-Ship Shopping; Apple’s Core Conflicts; Oiling the Waters
Taiwan’s Yang Ming Marine Transport Corp. and China’s Cosco Shipping Holdings Co. are looking for new vessels to meet 2020 sulfur emissions.
Apple Inc aims to balance cost-saving efforts amid global trade tensions...
US Coast Guard Urges IMO To Act on GNSS Jamming
The US Coast Guard was urged to raise the issue of interference with key shipping positioning signals at the IMO Council this month, reports Riviera Maritime Media.
What is it?
IMO will be urged to act...
China To Launch Low-Sulfur Fuel Oil Futures Contract
China plans to launch a low-sulfur bunker fuel oil futures contract in a bid to raise its pricing power in the world’s maritime fuel oil market, says an article published in OilPrice.com.
Contract To Open...
Remarkable Rise in Panamax Rates Since March
Panamax rates rose 3.4% in June, marking their largest increase since March 21st.
Supramax rates rose today by 1.3%, which marks their largest increase since April 24th.
June saw Chinese steel prices had...
Abundance of VLCCs Keep Market Rates Flat
The Atlantic lacked ‘steam’ both ex West Africa and the Americas, with considerable activity in the US Gulf.
Suezmaxes saw a week of healthy activity in the Western Mediterranean and West Africa, following a...