[FAQ] Understanding the Notion of Delivery Duty Paid in Shipping
In international commercial transactions, the terms Delivery Duty Paid (DDP) and Delivery Duty Unpaid (DDU) are used to indicate two different types of sales and shipping transactions.DDU is defined as the sale and delivery...
OSM Maritime Expands Its Technical Presence With A New Office
OSM Maritime expands its presence with a new office in Copenhagen.
The company will service customers based in the Danish capital, including Navig8 Chemical Tankers.Leading ship management company OSM Maritime launches OSM Chemical...
UK Statistics Chief Warns of Next Surge in COVID19 Infections
The UK’s national statistician said he has no doubt that there will be a further wave of Covid-19 infections in the autumn.
Experts have warned Britain is still not out of the woods...
CMA CGM Air Cargo Flies Its First Revenue Flight
The new air freight division of the CMA CGM Group, a French container transportation and shipping company, has just completed its first cargo flight between Europe and the United States which is based at...
Meiji Shipping Expanding Its LNG Tanker Fleet
Meiji Shipping is expanding its fleet of LNG tankers as part of efforts to strengthen its ship management business, says an article published in Argus Media.
LNG shipping demand
Japanese shipowner Meiji Shipping is expanding its...
LNG-to-Power FSRU Set To Begin Sea Trials
The joint venture between Karpowership and Mitsui OSK Lines the “KARMOL”, said its first floating storage regasification unit (FSRU) is set to begin sea trials off Singapore, says a press release published on MOL...
ClassNK Certifies KHI’s “SOPass” Service
ClassNK certifies “SOPass” as Innovation Endorsement for Product & Solutions developed by Kawasaki Heavy Industries, Ltd. (KHI), says a press release published on their website.
ClassNK certification
“SOPass” developed by Kawasaki Heavy Industries, Ltd. (KHI), has...
Shipping Group Says 5% Should Be Zero Emission Fuels By 2030
At least 5% of fuel used by ships around the world will need to be zero emission by 2030 if the shipping industry is to meet decarbonization goals set out in the Paris Agreement,...
Singapore Bunker Fuel Volume Rose By 6.2% On Year In February
Sales of marine fuels at Singapore port rose by 6.2% on year during February 2021, according to Maritime and Port Authority of Singapore (MPA) data, says an article published in Manifold Times.
Bunker fuel trade
In...
Key Factors Expected to Weigh on Asian Middle Distillates This Week
Sluggish regional demand, unviable East-West arbitrage economics and concerns over ballooning supply were the key factors expected to weigh on the Asian middle distillates complex in the week starting March 15, market participants said,...