Tanker Report – Week 42

VLCC Middle East Gulf rates remained unchanged, with Thailand fixed at WS 86 and China rates around WS 83.5/84 for 270,000mt. US Gulf-bound 280,000mt went at WS 31 Cape/Cape. West Africa/China fixed at WS 79.5,...

Panamax Vessel Rates Surge to 5-year High

The Panamax dry bulk vessel rates have surged to a whopping 18% over the past month to near five-year highs amid strong Pacific coal transportation demand and a lingering Chinese appetite for Brazilian soybeans. Baltic...

CMA CGM has Increased its Holding in Ceva Logistics

Following the rejection of a takeover bid by DSV last week, CMA CGM has increased its holding in Ceva Logistics to 33%. Increase in holdings The increase in holdings was expected after Ceva rejected DSV and CMA...

Solo Bridge Manning Contributes to Grounding

Summary At 2350 on 26 September 2017, Marbella departed Hong Kong for Tarahan Coal Terminal in Indonesia. The following day on, 27 September, the master instructed the second mate to amend the route in order...

Tantalizing Possibilities in Sulfur Regulation Implementation

What more variables could enter into the picture at this late hour with the 1.1.2020 deadline only a matter of months away? IMO has repeatedly said that there will be no relaxation of the requirement...

Greek Shipowners Question Environmental Benefits of Scrubbers

The Union of Greek Shipowners (UGS) criticises the usage of scrubbers as a solution to cleaner and more environmentally conscious shipping from 2020. UGS also feels that there is a lack of international standardisation...

Europe’s Policy to Treat Wood as Low-carbon Fuel Poised to Harm Global Forests

Europe’s decision to promote the use of wood as a “renewable fuel” is likely to increase Europe’s greenhouse gas emissions and cause severe harm to the world’s forests, writes B. Rose Kelly of the Woodrow...

[Watch] Cruise Ship Tilts While in Ocean

Passengers traveling to Seattle aboard the Carnival Legend cruise got an adventure they didn't expect when the boat titled to a knee-buckling degree. On August 29, the ship was returning after a week-long excursion...

113 Ships Broken in the Third Quarter of 2018

According to reports, a total of 113 ships were broken in the third quarter of 2018 and out of these, 79 ships were sold to the beaches of South Asia for dirty and dangerous...

Crowley Christens First-of-its-Kind Ship

On October 20, the Crowley Maritime Corporation christened its Commitment Class combination container/roll on-roll off ship. LNG powered ro-ro vessel The container/roll on-roll off ship 'El Coquí', is among the first of its kind to be powered...