Why Did Oil Tanker Rates Just Double?
Recently, tanker demand and rates have highlighted shifting supply patterns and have sparked a bit of a worry about OPEC’s compliance rates.
What sparked the worry was a rebound in tanker rates from...
No Timetable for Reopening Texas Ship Channel Following Leak
The reopening of the Houston Ship Channel has been postponed due to another setback caused by flammable chemicals to seep into the water.
More than 40 vessels — oil tankers, container ships and other crafts were...
[Watch] Tug Tows Cruise Ship Adrift in Storm, After 463 Rescued off Norway; 20...
According to Norwegian authorities, 463 passengers were airlifted off a cruise ship that got stranded off Norway's western coast in bad weather before the rescue operation was suspended Sunday so the vessel could be...
BW Group Makes Bid To Expand Gas Ship Holdings
BW Group making a bid to expand its holdings in the shorthaul and regional LPG trade by acquiring the remaining shares in Epic Gas.
The group acquired 54.7% of the issued shares of...
Wärtsilä and UNCSA To Train Next-Gen Themed Entertainment Professionals
We live in a digital age, where advances in technology are constantly expanding and changing the themed entertainment design industry. At the School of Design &Production at the University of North Carolina School of...
Lack of Risk Assessment Resulted in Rescue Boat Fall
The Incident
On 19 June 2018, at about 1645, an original-equipment manufacturer service technician for the davits on the Spirit of Vancouver Island boarded the ferry in Tsawwassen, British Columbia, to respond to a service call about intermittent jerking of...
Shell & HES To Revive German Oil Refinery Ahead of IMO 2020
The sulphur cap set by the IMO from next year, to be one of the biggest fundamental events to hit oil markets in years.
Royal Dutch Shell with Dutch tank terminal firm HES...
Stop the Hype on Open-loop Scrubbers for Sake of Human Health – EGCSA
The hype around open loop exhaust gas cleaning systems wash water discharge dilutes the focus on human health and the environment.
Some governments and authorities decide to ban open-loop scrubbers, saying the discharging...
[Watch] Sea Change That Could Roil the Industry
International Maritime Organization’s sulfur emissions limit for the shipping industry will start in January 2020. IMO says shipowners in violation of the new rules to reduce toxic emissions from vessels can’t simply pay the...
Euronav: Summarizing the Tanker Market of 2018 and Beyond
Challenging freight market for crude oil tanker industry with reduced OPEC-driven production and excess supply of large tankers.
The highest level of older tonnage recycling since 1985 with VLCC rates returning to longer-term...