As shippers start exploring low sulfur fuels, the gasoline market faces a difficult situation. Vacuum Gasoil will be diverted to make ship fuels, thereby hitting the gasoline processing. VGO competition will increase, as...

  Quantum Pacific secures 40 million dollars green loan for scrubbers installation. The first loan in Asia Pacific which will fund the purchase and installation of scrubbers Lender BNP Paribas ascertained that environmental sustainability...

The number of ships fitting scrubber systems as a means to comply with stricter sulfur emission limits may peak at 6,000 as economic incentives recede after 2020 says, S&P Global Platts Analytics. Owner’s hope to...

On December 5, the operations started for a leading classification society ClassNK, that has opened a new exclusive survey office in Reggio Calabria, Italy. Demand for audit and surveys Reggio Calabria, located in Southwest Italy, faces...

The leading multimodal operator Samskip has become a major beneficiary of the Brexit. Within just 2 years of pre-Brexit investment in North Sea container shipping services, the company has secured the supply chain of...

VLCC Rates in the Middle East Gulf softened around 2.5 points to WS 97/97.5 for 270,000mt to China, with a run to Japan fixed at WS 96. Going west, 280,000mt to the US Gulf remains...

On December 4, the White House announced the bill which included the Vessel Incidental Discharge Act of 2018 (VIDA). Bill passed The 'Vessel Incidental Discharge Act of 2018 (VIDA)' bill (S.140) was signed into law and has...

Under "The Contopia Factor”, entire container fleet of one shipping company will be digitalized in 2019. Mid to small size shipping companies have the chance to get selected to equip their entire fleet...

On December 6, The International Maritime Organization (IMO) awarded the 'IMO Award for Exceptional Bravery At Sea 2018' to a Chinese diver. Collective decision This annual award was established by IMO to provide international recognition for...

Ship Recycling Transparency Initiative(SRTI) launched in London to support sustain shipping SRTI is an online tool for sharing information on ship recycling and to drive responsible practice SRTI to support responsible recycling and is...