Diana’s New Time Charter Contract With Glencore

Diana Shipping Inc. charters its Kamsarmax vessel for US$13,300 per day. Charter commenced on 13th November 2018. Anticipated gross revenue of US$5.44 million. Company fleet's weighted average age grows to 9.23years. Diana Shipping Inc....

Ballast Water Market Drives Revenue Hike for BIO-UV Group

BIO-UV's ballast water treatment system sales caused 30% increase in revenue. After the USCG certification, they are expecting a 15% increase in revenue in 2018. Their international expansion plan to set up operations...

Finance Conference Speakers Take a More Optimistic View of Shipping Market Trends

On November 8, the fourth Maritime Standard Ship Finance and Trade Conference was held at Abu Dhabi’s Sheraton Hotel and Resort and was in many ways very different from the preceding three events in...

Freightos Baltic Container Report – Week 44

Report Highlights As of November 1, with many carriers pulling the General Rate Increases (GRIs), but, with sailings heavily booked, further rounds of GRIs are expected on 15 November and 1 December. The outcome of...

Gas-imaging Cameras Detect Fugitive Emissions from Tanker

The Port Inspectors have identified “fugitive emissions” from a 2-million-barrel crude oil tanker as a culprit in periodic pungent odors that have offended coastal residents and whose source has eluded detection for years. What happened? Last...

20 Container Vessels Ordered for Wan Hai Lines

To improve its company’s fleet improvement plan, Wan Hai Lines has confirmed an order of 20 container vessels with JMU (Japan Marine United Corporation) and GWS (Guangzhou Wenchong Shipyard Co., Ltd) / CSTC (China...

What About Waste Generated by Ships?

40% of the sea based marine trash comes from shipping. 100 tons and 400 tons carrying ships must have a garbage management plan and a ‘Garbage Record Book’ entry, respectively. Ships should register...

[Watch] Pacific Fleet Frogmen Dive at Record Depth of 416m in Sea of Japan

Pacific Fleet divers (Pacific Fleet), the Navy Research Institute and a separate expedition detachment of divers aboard the Igor Belousov Pacific Fleet rescue ship dived in the Sea of Japan for the first time...

US Cyber Security Certificate for Hyundai Oil Carrier

Hyundai Heavy receives U.S. cyber security certificate for tanker, says Yonhap News agency. CSR certificate from ABS Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, said that it has received a cyber security certificate...

OSM Know-how for Which Scrubber System to Retrofit

OSM’s press release says that it is now offering its customers, assistance in exhaust gas scrubber retrofit process. Inescapable IMO 2020 sulphur cap As pressure mounts to comply with the fast-approaching IMO 2020 sulphur cap, OSM...