MISC Pens Time Charter Agreement With ExxonMobil
Malaysian shipping company MISC has secured charter deals for two liquefied natural gas (LNG) carriers with the ExxonMobil subsidiary SeaRiver Maritime, reports Ship Technology.
LNG carriers in International waters
The deal is for the time charter...
China Oil Imports from Ship To Ship Transfer Surge in September
Chinese oil imports via ship-to-ship transfers tripled in September to an estimated 910,000 tonnes, compared with a month earlier, based on Bloomberg’s ship-tracking data.
The transfers were done in the South China Sea,...
Laundered Air On The High Seas – IMO 2020
According to an article published in Mondaq, the shipping sector accounts for 12% of global sulphur dioxide emissions, 13% of global nitrogen oxide emissions and 3% of global carbon emissions.
Steps to control airborne emissions...
Drones Can Determine If Ships Are Skirting Pollution Laws
UCLA student-led study found that drones can be used to determine whether ships are following pollution regulations, reports Daily Bruin.
How can drones be helpful?
According to the study, drones could help enforce air pollution requirements...
AET’s LNG Dual-Fuel DPSTs Will Emit 40-48% Less Carbon
According to an article published in AET website, the shuttle tanker company has named two of its world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs) – Eagle Blane and Eagle Balder.
Vessels emit 40-48%...
UK MCA Publishes Guidelines on Seafarer Practices
The UK Maritime & Coastguard Agency (UK MCA) has recently published two guidelines on seafarer practices, reports Safety4Sea.
The two guidelines
The guidelines published by the UK MCA covers watch-keeping and the impact of over-reliance on...
Issues Predicted Over 2020 Transition
According to BIMCO’s latest publication on their website, Tiejha Smyth deputy director in the Freight, Demurrage and Defence (FD&D) department of the North of England P&I Club says, the industry will see the first...
[Watch] World’s New Biggest Cargo Ship With Staggering Dimensions
The size and scale of transport by sea has continued to grow at a rapidly increasing rate. As such, the title of ‘biggest cargo ship’ has been passed around quite frequently over the years.
In...
Shipping Problems Turning To Become Blessings in Disguise!
According to an article published in Seeking Alpha, the story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another.
Brief respites
Brief...
Global Ship Lease Secures $268 Million Credit Facility for Debt Refinancing
Refinancing reduces the average cost of debt and significantly extends maturities from 2020 to 2024.
Global Ship Lease has agreed to a new syndicated $268 million senior secured credit facility.
The credit facility...