Regulator Impose $80 mn Fine On Freight Rate Collusion
South Korea`s antitrust regulator on Tuesday announced it has decided to impose a combined fine of 96.2 billion won ($80 million) on 23 Korean.
The shippers colluded to set the cost of container...
Panama Bunker Sales Gain 5.7% After 2-month High
Bunker sales in Panama ended up 5.7% higher overall last year after reaching the highest level in two years in December, reports Ship&Bunker.
Rising bunker sales
Total sales reached 486,614 mt in December, according to preliminary...
[FAQ] Types of Inspection During Port State Control Visit
A port State control visit on board a ship will normally start with, as a minimum and to the extent applicable, examination of the documents in accordance with Annex 10 of the Paris MOU.
Inspection...
TORM Aims for 40% Cut in Carbon Emission By 2025
Tanker company TORM has brought forward its short-term carbon emissions reduction target by five years, reports Ship&Bunker.
40% cut carbon emissions by 2025
The firm will now aim for a 40% cut in its CO2 emissions...
SCA To Wrap Up Suez Canal Expansion in 2023
The Suez Canal Expansion plan is viewed to be executed by July 2023.
The chair of the Suez Canal Authority (SCA) declared plans to extend the canal’s second channel and to expand an...
IMO Secretary General Addresses Ship Design Sub-Committee
The Secretary-General Kitack Lim addressed at the opening of the Eighth session of the Sub-Committee On Ship Design And Construction (Sdc 8) (17 to 21 January 2022).
New technologies for green shipping
Lim said, "I am...
Withdrawal Of Directive Imposing Fines On Ships With Unvaccinated Personnel
Early in January 2022, our local correspondent, Sheringham P&I Services, advised that Ghana Port Health Service will levy a fine of USD 3,500 on any vessel arriving with crew or passengers not fully...
Methanol-Fueled Bulker Developed By ABS, SDTR and SDARI
An innovative methanol-fueled bulk carrier has been designed in a joint development project (JDP) between ABS, SDTR Marine Pte Ltd. (SDTR) and the Shanghai Merchant Ship Design & Research Institute (SDARI).
SDTR supplied...
What A Way To Start for Cruise Ship Drydocks In 2022?
The new year is off to a strong start with many ships currently undergoing all kinds of work at drydocks globally.
From extensive conversion projects to regular class work and emergency repairs, Cruise Industry...
A Peep Into Tanker Sale and Purchase In 2022
Last year is destined to go down as a record year for activity in the tanker sale and purchase (S&P) market with the first two weeks of 2021 seeing 48 tankers reported sold.
So far,...