Sinopec’s Hainan Refinery Delivers First Low-Sulphur Bunker Fuel Cargo

In a recent development, Sinopec Corp's subsidiary refinery has announced that they have delivered their first shipment of low sulfur bunker fuel that meets IMO standards in the southern island province of Hainan, reports...

CMA CGM Opts LNG Propulsion and Scrubber Mix on 10 Newbuilds

  CMA CGM opted LNG and Scrubber mix for complying with the IMO 2020 sulphur cap. Ordered 15,500 teu containerships from CSSC with five to burn LNG and five with scrubbers installed to burn...

Algoma Purchases 16,512 dwt Product Tanker

Algoma Central’s operating unit Algoma Tankers (ATL) has purchased a new 16,512 dwt product tanker. It will be the 8th ship in the company’s Great Lakes-based product tanker fleet, reports Ship Technology. The...

Weekly Maritime Security Report- Week 8, 2019

Pirates attempted to board underway container ship off the coast of Brass on 21 February. Brazil authorities seized 680 kg of cocaine at Santos port on 19 February. Dominican Republic authorities seized 91...

Marine Fuel Contracts Launched in Advance of IMO 2020

Intercontinental Exchange, Inc., on the 19th February, launched new Marine Fuel 0.5% futures contracts in advance of the implementation of IMO2020. ICE’s new futures contracts will settle against the S&P Global Platts physical...

Steep Rise in LNG Bunkering ! Rotterdam To Be LNG Hub

In 2018 fuel oil sale decreased from 9.9 million m3 to 9.5 million m3 due to the dip in sales of HFO from 8.3 million m3 to 7.9 million m3 in Rotterdam bunker...

Container Shipping Face a $10B Hit Globally

2018 was a turbulent year for the container shipping industry, but it might have been only a warm-up for 2019 IMO 2020 regulations could cost the container shipping business as much as $10B...

[Watch] “Wind Challenger Project”- Maritime Vessels for the Future

The Wind Challenger Project is radicalizing sails to use it for a hybrid maritime system which used wind propulsion as a renewable and viable form of energy. These modernized sails can be lifted and...

FONAR Not a “Free Pass”! Beware of These Before Using It

The International Chamber of Shipping has welcomed the decision by the IMO that in exceptional cases, be a valid reason for shipowners to be issued with a FONAR. ICS warns FONARs are “NOT...

Lack of Night Watch Resulted in Ship Grounding

  The MV Solomon Trader $30m bulk carrier spilling oil in the Solomon Islands may have run aground. 75 tonnes of oil has so far leaked into the ocean and the 225m ship is...