Key Indicators in the Asian Residue Fuel Market
Platts writes about the key market indicators of Asia residue fuel market this week.HSFO and LSFO rallyAlthough high sulfur and low sulfur fuel oil crack spreads rallied in October as inventories at floating storage...
Shipping Companies and Their Interest in Changing Landscape of Taxation
Multinational shipping companies—without whom there would be far less transfer pricing—have their own transfer pricing considerations.
Harold McClure looks at shipping multinationals and their interest in the changing landscape of international taxation under...
New LNG Carrier Delivered, All Set To Work For The Cameron LNG Project
On November 3, the liquefied natural gas (LNG) carrier Diamond Gas Metropolis, owned by NYK and the Mitsubishi Corporation (MC), was delivered. The vessel was built at Hyundai Samho Heavy Industries.The NYK Group will...
MSC To Expand Its Fleet In $158m Deal
Swiss-headquartered container line Mediterranean Shipping Co (MSC) is set to increase its owned fleet by six according to an article published by Splash and The Loadstar.
Six new vessels
Clarksons, Allied, and data firm VesselsValue are...
Wärtsilä Voted As A Top 10 Innovation Winner for 2020
Wärtsilä’s future fuel capability efforts voted as a Top 10 innovation for 2020, says a press release published on their website.
Top 10 Innovation for 2020
The technology group Wärtsilä has been selected as one of...
Sovcomflot Inks 30-year Time Charter Deal for 3 Arctic LNG Carriers
Sovcomflot (SCF) has signed 30-year time charter agreements for three icebreaking LNG carriers with Arctic LNG 2, says a press release published on their website.
Time charter agreement
Russian owner Sovcomflot (SCF) has signed 30-year time...
Goodwin Sands Dredging Plans Reprehended
Six miles off the coast of Deal, in Kent, lies Goodwin Sands, a 10-mile sandbank known as the “ship swallower”.Now the site has become central to another battle, by conservationists and campaigners, to safeguard...
[Watch] Biggest-ever Cruise Ship Being Assembled
Watch the amazing timelapse video released by Cruise line P&O showing its biggest-ever cruise ship being built.Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item...
Container Stack Collapse, At Least 100 Containers Lost in Rough Seas
Container ship suffered a container stack collapse due to bad weather, while the vessel was sailing towards the port of Long Beach, reports Maritime Bulletin.
What happened?
The New Panamax boxship is operated by Singapore-based Ocean...
Bunker Sales Up By 7.9% in Q3 While LNG Dropped By 12.6%
Bunker fuel sales at Rotterdam increased by 7.9%.
Petroleum sales rose by 1.8% from Q2 and by 7.9% from the Q3 2019.
HSFO took up a 33.1% share of fuel oil sales in...