MR Tanker Arrested Off Singapore
The vessel Atlanta was arrested at 3.50pm on January 2nd, 2019 in Singapore.
It was owned by Coastal Logistics affiliated with Coastal Oil Pte Ltd(Singapore).
Coastal Oil filed for liquidation in December 2018.
The...
Scrubbers: A Shipping Executive’s View
As there’s no extension to the IMO 2020 Sulphur regulation, shipowners and shipping companies should create a ship implementation plan.
The 3 month grace period till March 20 should be fully...
Tanker Report – Week 1, 2019
The tanker report has been compiled highlighting the various highs and lows faced by the tanker market.
VLCC
The increase in 2019 Worldscale flat rates led naturally to big changes in the rates fixed. Middle East...
GARD: Amendments to the Rules for the 2019 Policy Year
Changes in terminology and structure as to calculation of calls and clarification of the term 'casualty'.
Rule 56 regarding non-marine personnel has been slightly changed.
Contractual liabilities incurred by the Member in respect...
Five Marine Fuels and Propulsion Technology Moves that will Define 2019
Prediction of top five trends in marine fuels and propulsion technologies in 2019
Stressed the need for long-term fuels, vision for zero carbon propulsion and transition to LNG
More emphasis is given for...
Panama Canal to Restrict Draft to 49 Feet as of February 11
On January 7, Due to an unusually low amount of rain in December, the Panama Canal Authority (ACP) announced that the maximum draft for a ship transiting the Neopanamax locks will be restricted to...
Freight Derivative Trade Volumes Up In 2018
According to the figures compiled by the Baltic Exchange the overall volume of the Forward Freight Agreement (FFA) trades increased in 2018, reports Dry Bulk Magazine.
Freight derivative volumes in the tanker market rose by...
Ship Finance International Snaps up 19,400 Teu Boxship Pair
Ship Finance International acquired two containerships at the end of 2018.
It is a pair of 2016-built 19,400 teu boxships contracted until late 2033
The charters are worth $470m with a purchase obligation...
Drone Vessel Survey for ClassNK and MOL
ClassNK conducted a demonstration test of a ship class survey using drone technology.
The test successfully proved the drones’ ability to monitor the health of the vessel.
In April 2018 ClassNK released its...
Bulk Report – Week 1 for 2019
The Baltic Briefing's weekly report is out for the first week of 2019. Here's an insight on that report.
Capesize
It was an active start to the New Year, with trading from West Australia maintaining...