Close the ‘Open Loophole’ on Scrubbers, Says ICCT
More than 4,000 ships have installed or ordered scrubbers to avoid using cleaner, but more expensive, low-sulfur fuels.
There is a dramatic increase in the number of ships that are using or intend...
DNV GL Publishes New ‘Ship Recycling’ Guidelines
DNV GL has created a guidance paper to support shipowners’ recycling decisions.
The paper focuses on shipyards not featured on the European list of approved shipyards.
It aims to give owners a better...
BIMCO Focuses on Contractual Disputes in New Law & Arbitration Clauses
BIMCO’s new Law & Arbitration Clause will address contractual disputes with a provision requiring parties to a contract to clearly identify who are authorised to receive arbitration notices and communication.
Service of arbitration proceedings
Notices can...
First Indian COVID-19 Vaccine To Enter Human Trials
India's first COVID-19 vaccine candidate approved for human trials.
The DCGI has approved the company’s application to conduct a Phase I and II clinical trial of Covaxin, which was developed along with the...
Coronavirus Shatters China and Hong Kong Share Market
The CSI SWS securities index slumped 2.7%.
Around the region, MSCI’s Asia ex-Japan stock index fell 1.21% and Japan’s Nikkei index 1.92%.
The yuan was quoted at 7.079 per U.S. dollar, 0.02% weaker...
MOL Cuts Down Fleet by 5% Over COVID19 Low Mobility Forecasts
According to ta Wall Street Journal report, Japan's biggest ship owner expects a ‘significant decline’ in global cargo will persist over the next three years
Mitsui OSK Lines, Japan’s largest ship owner, is cutting its fleet...
Methanol Marine Fuel Research Strengthened by Funds
The consortium of Europe’s maritime research and technology leaders launch the FASTWATER project.
The project will demonstrate the feasibility of retrofit and newbuild vessels to operate on methanol as a pathway to fossil-free...
COVID19 Second Wave – How & When It Occurs?
coronavirus second wave is anticipated as the disease comes under control
virologists say that the virus can become milder like other viruses, although there isn't any signs of it
Lifting restrictions slowly and...
Oil Prices Rise Over Economic Revival Amidst COVID19 Second Wave Fear
According to a Reuters report, oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the...
Preparations, Flexibility, Timely Action – The Key To Smooth IMO 2020 Transition
According to Peter M. Grunwaldt, the Vice President of Hafnia Bunkers, there are three pivotal steps that could change the course of IMO 2020 regulation and make way for smooth implementation.
During late 2019,...