SHI, ABS Team Up To Develop Next-Gen LNG Carrier
According to a Ship Technology article, Maritime classification society American Bureau of Shipping (ABS) and South Korean shipbuilder Samsung Heavy Industries (SHI) have signed an agreement to develop a next-generation liquefied natural gas (LNG)...
IMO’s Three Pillar Action Plan To Achieve GHG Emission Reduction
According to an article published in ShipInsight, Sveinung Oftedal says, next month’s sixth meeting of IMO’s Working Group on Reduction of GHG Emissions from Ships will mark the next step towards energy efficiency and...
Gibraltor and Suez Canal To Benefit from New IMO Rules
New fuel standards that will become effective in 2020, will favor the ports closer to the main maritime routes such as Suez and Gibraltar, says an article published in FreshPlaza.
Regulation to cost
The new guidelines...
Weekly Tanker Report – Week 41, 2019
The Baltic Briefing has issued the tanker report for the 41st week of this year. The report dated 11th October 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter...
MOL Signs Cooperation Agreement for LNG Transshipment Projects
Mitsui O.S.K. Lines, Japan Bank for International Cooperation and NOVATEK have signed a Cooperation Agreement says a press release published on their website.
LNG Transshipment Projects
On 26 September 2019, a Cooperation Agreement for LNG Transshipment...
Oil Refiners in Dilemma as Surging Ship Costs Kill Margins
Oil refiners are facing disappointment as surging freight rates inflate the cost of buying crude.
Complex refining profits in Singapore tumbled to $2.91 per barrel from as high as $10.28 on September 17.
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Hong Kong Fails To Make Itself LNG Ready as Singapore Surges Ahead!
Hong Kong’s failure to prepare the infrastructure for refueling container ships that run on eco-friendly LNG.
Hong Kong’s port is failing to ready itself for LNG-fuelled cargo ships as rival Singapore races ahead.
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Container Freight Rates Take a Fall Following the Golden Week
Spot container freight rates on the transpacific and Asia-Europe are coming under intense pressure ahead of a weak outlook for the markets, following China’s Golden Week holiday factory shutdown the first week of October,...
London Protocol: IMO Gives a Nod To Carbon Sequestration
A new IMO resolution will allow projects for subsea CO2 sequestration to be shared across national boundaries, reports The Maritime Executive.
Carbon capture and storage
Parties to the London Protocol agreed last week that trans-boundary export...
North P&I Club Highlights the Hassles With Retrofits Onboard
Dispute warning as ballast water convention comes into force for existing vessels, reports Seatrade Maritime News.
Ballast Water Management Convention
The Ballast Water Management Convention came into force for existing vessels from 8th September and mutual...