Panama Canal Gets Fitch Rating ‘A’ for the 4th Consecutive Year
Fitch Ratings for the fourth consecutive year, has affirmed the Panama Canal’s ‘A’ investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, says a press...
Finland’s Neste Unveils IMO 2020 Sulphur Cap Compliant Fuel
Finland-based oil refining firm Neste has introduced a new IMO 2020 compliant marine fuel for shipping companies to meet the upcoming regulations, reports Biofuels Digest.
IMO 2020-compliant marine fuel
In Finland, Neste is offering a new...
Indonesia Makes U-Turn, Will Enforce IMO 2020
According to an article published in Reuters, Indonesian officials have confirmed that Indonesian-flagged ships will comply with new low-sulfur fuel rules that start next year.
The clarification
Indonesia’s Ministry of Transportation confirmed on Tuesday that the...
Diamond S Shipping Sells Off Tanker Pair at Unrevealed Price
NYSE-listed Diamond S Shipping is selling two 2008-built medium-range product tankers viz., the Atlantic Aquarius and Atlantic Leo, reports Splash247.
Fleet renewal initiative
The company says the sale is part of its fleet renewal initiative, and...
Freepoint Going The Compliant Fuel Way With Singapore Bunker Supply
Freepoint Commodities Singapore says it will start supplying very low-sulfur fuel oil (VLSFO) in the fourth quarter in the world’s largest bunkering port when ships start testing a fuel that will meet global standards...
Panama Canal Transit Hope for US Sanction Ridden Venezuela
The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, reports Reuters.
Canal traffic unaffected
The canal authority’s chief suggested that a new round of U.S. sanctions...
Idling LNG Tankers Hint at Increasing Inclination Towards Floating Storage
Liquefied natural gas tankers are taking longer-than-usual journeys to deliver cargoes and spending more time idling at sea in a sign some traders are starting to use vessels for storage, reports Bloomberg Quint.
Logistical and...
10% Transport Growth Target, Shanghai Plans Shipping Incentives
In a major development, Shanghai municipal government has announced that they have plans to promote rail-sea transport to optimise local multi-modal transportation in the city, reports AL Sinbad Navigation.
What is it?
It is aiming...
Hiding Vessels, What We Learnt from the Strait of Hormuz Incident?
In today's time it's nearly impossible to hide ships and vessels. You may jam radio communication but you can't restrict satellite images. The world woke up to this reality when Iranian naval forces seized...
Global HSFO Prices Dip To 2 Year Low Ahead of IMO 2020 Rule
Global HSFO prices hit two-year lows this month as IMO 2020 rule is nearing.
Average IFO380 price across the four major global bunkering ports have fallen 21% from $401.50/mt on August 2 to...