Weekly Tanker Report – Week 11, 2019
The Baltic Briefing has issued the tanker report for the 11th week of this year. The report dated 15th March 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
MicroVision To Ship the Explorer Edition of Its MEMS-based 3D Consumer LiDAR
Explorer Edition is a ready-to-integrate engine that combines hardware and software in a compelling form factor.
It enables advanced differentiated solutions for Artificial Intelligence or AI-connected devices.
It delivers low latency and high-fidelity spatial...
DNV GL Issues First-Ever Design Type Approval for Onboard Wind Propulsion System
Norsepower has received first-ever type approval design certificate granted for its innovative Rotor Sail Solution.
The technology was assessed onboard the Maersk Pelican LR2 tanker.
Norsepower’s Rotor Sail Solution are technically capable of safely navigating...
Airbus’ Drone Trials World’s First Shore-To-Ship Deliveries
Airbus has used first-time drone technology in real port conditions, to deliver a variety of small, time-critical maritime essentials.
The maiden shore-to-ship delivery flight was made to the Swire Pacific Offshore’s Anchor Handling Tug Supply...
Hapag-Lloyd Chief: Bullish on Growth and Clawing Back Extra Fuel Costs
Hapag-Lloyd’s chief executive, Ralph Habben Jansen expects to see growth of 3-4% this year.
Hapag-Lloyd reported a preliminary operating result for the fourth quarter of €164m ($189m) and a full-year debit of €443m...
Oil, LNG Trade Flow Hike As US Extends China Trade Tariff Deadline
The US plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% if trade negotiations with Beijing did not yield an agreement.
Both China and the U.S. confirmed that...
Whitepaper: Freight Rates May Rise Due To IMO 2020
Carriers and shippers are bound to face uncertainty due to IMO 2020 regulation because fuel costs constitute over 50% of operating expenses.
Seabury Maritime published a white paper on March 4th, in cooperation...
Lloyd’s Register Gives Nod To Maersk Bunker Adjustment
Maersk Tankers’ methodology of Bunker Adjustment reviewed by Lloyd’s Register, confirming its conformity to industry quality standards.
The fairest and most accurate way of distributing payments related to bunker consumption to partners.
Bunker...
Low Flash Point Residual Fuels Found in Singapore
According to a media brief given by the Lloyd's Register, FOBAS has tested a number of samples from Singapore last week which were ordered as ISO-F-RMG380 grades.
What's the concern?
A number of these samples,...
NYK Develops Software To Assist Vessel Berthing
In a recent development, NYK and NYK Group companies MTI Co. Ltd. and Japan Marine Science Inc. (JMS), announced that they have developed a system (patent pending) to assist with vessel berthing, says a...