Asian Fuel Oil Premiums Surge As Global Sulfur Shift Looms
The premium for 380-centistoke (cst) high-sulfur fuel oil rose to $11.63 a ton above Singapore benchmark prices.
It is attributed to a combination of factors such as companies reducing their holdings of high-sulfur...
Nautical Institute Signs Memorandum To Help IMO ITCP
In a major development, the Nautical Institute (NI) and the IMO have signed a Memorandum of Understanding (MoU) under which the NI will support the IMO in helping developing countries to meet international maritime...
Experienced Second Engineers Are in Demand, Other Officer Numbers Rise
According to the latest Manning Annual Review and Forecast report published by the global shipping consultancy, Drewry, the manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and...
[Part 1] A List of Interesting Papers from the 29 CIMAC Congress
The CIMAC Congress have just had an interesting discussion session on a range of issues affecting the shipping industry. Viswa Group in a 4 part of series of updates is highlighting the key issues...
After MAIB’s Report IMO Reviewing SOLAS Lifejackets
According to an article published in Safety4Sea, the IMO has proposed a review of the in-water performance of Safety of Life at Sea (SOLAS) lifejackets after evidence showed that the organization’s requirements for the...
Valmet Equips 10 COSCO Vessels With Scrubbers Installations
In a major development, Valmet has announced that they will supply exhaust gas cleaning systems (scrubber system) for ten container vessels of COSCO SHIPPING Lines Co., Ltd.,says a press release published on their website.
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Making the Crew Members Ready for PSC Spot Sampling of Ships’ Fuel
The frequency of port state control sampling sulphur content in ship’s fuel oil is expected to increase significantly after 1 January 2020. The case studies, reported by Gard, show how proper on-board procedures and...
[Watch]: Kuwait Oil Tanker Involved in Head-on Collision
This video is circulating on WhatsApp.... cannot confirm authenticity pic.twitter.com/FOZrnme1kx
— SRINI (@SRINIsatya) June 18, 2019
A 46,300 dwt oil tanker operated by Kuwait Oil Tanker Company (KOTC) collided with the 1,688 teu feeder boxship X-Press...
Weekly Vessel Scrapping Report – Week 25, 2019
Below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in the last week. Ship & Bunker, with the data from...
Ship Hire Rates Benefitted With Scrubber Installations
Ship hire rates likely to benefit as the rate of suspended vessels to retrofit scrubbers increases.
Clarksons says 0.9% of VLCC fleet and 0.3% of the capesize fleet suspended for scrubber installations.
Capesizes...