Cosco Considers London Stock Exchange Listing
Cosco trying to raise capital on the London Stock Exchange in a bid to move to the European market.
Through the global depository receipts they can raise money by the Shanghai-London Stock Connect.
...
Crowley Adds 400 New Refrigerated Containers to its Fleet
Crowley Logistics received 400 new reefers in Santo Tomas, Guatemala to accommodate the northbound reefer season through May 2019.
Crowley has invested over 0.25 billion dollars in new cargo equipment for its fleet.
...
Ballast Water Management Systems With High Flaw Rates
American Shipping Bureau survey reports that 30% BWTS have problems and 15% are inoperable.
The survey conducted among 220 vessels cutting across 27 owners highlighted the problem of BWTS maintenance.
Fitting and choosing...
EGCSA: MPA Scrubber Ban Disappointing and Politically Motivated
Exhaust Gas Cleaning Systems Association terms Singapore open-loop scrubbers ban “politically motivated”.
Singapore MPA has issued the ban without any discussion despite being a MARPOL Annex VI signatory.
EGCSA rebukes MPA for not...
Great Eastern to Spend $50 mn On Scrubbers
Indian fleet company to spend $50 million to refurbish its fleet to comply with new IMO regulations.
$20 million for fitting exhaust gas cleaning systems.
$30 million will be on installing ballast water...
MAN Cryo Develops a Marine, Liquid-Hydrogen Fuel-Gas System
A subsidiary of MAN Energy Solutions has developed a marine fuel-gas system for liquefied hydrogen with Fjord1 and Multi Maritime.
It is the first marine-system design globally to secure approval in principle by...
Markets – Rates Remain Firm in all Sectors
The market witnessed another active week for VLCCs with rates ex-MEG and WAfrica to East remaining in the high WS90s, yielding about $55,000 per day. There were attempts to push rates up higher, but...
China Launches Its First All-Season Arctic LNG Tanker
On December 6, China launched its maiden ice-breaker tanker capable of carrying liquefied natural gas (LNG) through the icy Arctic waters all-year round.
Vessel Christened
The Arc7 ice class vessel built by China’s Guangzhou Shipyard International was christened 'Boris...
Golden Globe Race Sailor Rescued by 40,000-tonne Cargo Ship
After suffering a harrowing three-day ordeal, English yachtswoman Susie Goodall was rescued by a cargo ship in stormy conditions.
What happened?
The 29-year-old yachtswoman was rescued two days after her boat violently capsized 2,000 miles west of Cape Horn...
Scrubber Purchase Reflects Growing Trend ahead of IMO 2020
Scorpio Tanker scrubber purchase reflects growing trend ahead of IMO 2020 says, Marieke Alsguth for Platts.
Purchase Agreement
Scorpio Tankers has agreed to purchase 52 scrubber systems, with an option to buy 28 more. This reflects...