Industry Heavyweights Form LNG Ship Management
Exmar Ship Management has teamed with Anglo-Eastern Univan Group to form AEX LNG Management.
This joint venture will provide newbuilding supervision and vessel management for LNG carriers for third-party owners.
AEX LNG Management...
What is in Store for HSFO With IMO2020 Approaching?
Fuel oil volumes traded in the Platts Market on Close assessment process for 3.5% FOB Rotterdam barges declined 25% month on month in September, reports S&P Global Platts.
This comes at the juncture as the...
[Watch] 1,000 Cruise Ship Passengers Stranded! Forced To Sleep On Basketball Court?
According to an article published in IBTimes, passengers sailing in a P&O cruise ship had a horrendous time when they got stranded in Monte Carlo port following bad weather.
What happened?
Video courtesy: Travelling with Bruce
The...
Fujairah Heavy Distillate Falls Amid Tight Supply
Stocks of heavy distillates and residues at Fujairah fell 11% to 10.34 million barrels due to tight supply.
The outflow for Persian Gulf high sulfur fuel oil cargoes to Singapore is steady owing...
Failed Main Engine Pipe Connection Causes Fire Onboard Hazard
According to a case study published by The Shipowner's Club, a potential fire hazard discovered onboard a vessel was found to be caused by a failed fuel pipe connection on the supply line to...
Total Seals Long-term High-efficiency LNG Charter Deal
Greece’s TMS Cardiff Gas has entered a long-term charter agreement with Total Gas & Power for one of its 11 ‘X Carrier Series’ LNG carriers under construction in South Korea, reports Riviera Maritime Media.
What...
Mitsubishi Expands Scrubber Production Capacity
Yokohama, Japan, based Mitsubishi Shipbuilding Co., Ltd. has increased production capacity for its SOx scrubber system that reduces SOx from exhaust gas of ships, reports MarineLog.
Reason for step up in production
With new IMO 2020...
MOL Uses AI To Successfully Execute Vessel Allocation Plan
In a major development, TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinichiro Ikeda) and its group company MOL Information Systems, Ltd. (President: Tsuyoshi Yoshida; Headquarters: Minato-ku, Tokyo) has announced that, along with Associate...
Platts Launches Weighted Average Capesize TCE Rate
In a major development, S&P Global Platts has announced that they will start publishing a new daily weighted average Capesize time charter equivalent (TCE) rate, to be named CapeT4 Index, reflecting ton-mile demand on...
IMO’s ‘Empowering Women in Maritime’ Finds Support in Wallenius, As It Joins WISTA
International Maritime Organization (IMO) World Maritime Day was celebrated on 26 September, with the 2019 theme “Empowering Women in the Maritime Community“, says an article published in The Maritime Executive.
Under utilized women contribution
This raises...