CMA CGM Pulls Another Asia-North Europe Sailing as Demand Weakens Further
In a major development, CMA CGM has advised its customers that it will withdraw a further peak season headhaul Asia-North Europe voyage as demand continues to disappoint on the key tradelane, reports The Loadstar.
What...
Crew Can Say No To Hormuz Route
Warlike Operations Area Committee says waterway high-risk.
Seafarers transiting area may receive double pay under accord.
The crews of some ships transiting the Strait of Hormuz have the right to refuse working on the...
IMO: Latest Ratifications To Two Important Treaties
According to an article published in Sea News, Germany is the latest country to accede to IMO’s treaty for safe and environmentally-sound ship recycling – the Hong Kong Convention.
Facilitating Environmentally Sound Recycling
The Convention covers the...
Weakening Global Refining Demand May Offset Strong Margins for Cleaner Fuel
According to a Platts report, Refiners and analysts see stronger refining margins resulting from the International Maritime Organization's impending requirement that ships use lower-sulfur bunker fuel, but waning global demand for crude and refined...
Refining Margins Rebounding As IMO Nears?
In a recent development, South Korean refiner SK Innovation has raised its forecast for profit margins on distillates in this year's second half, as buyers begin to stock up on low-sulphur fuel and start...
GC Rieber Inks Ship Management Agreement With Nexans
GC Rieber Shipping (RISH) has agreed with Nexans Skagerrak AS, to enter into a ship management agreement for the cable laying vessel, says an article published in Yahoo Finance.
What is in the agreement?
The agreement...
Focus on Shaft Line Solutions Along With BWMS Upgrades
The legislation surrounding ballast water management systems is one of the current themes within the maritime industry, says an article published in Riviera Maritime Media.
The early forms of ballast
The use of ballast to stabilise...
November 1, IMO 2020 Transition Date, Says Singapore
November 1 is set as the “Transition Date” to the lower sulfur IMO grade fuel for Shipping companies, says an article published in Ship & Bunker.
The transition date
That date has certainly been earmarked by...
Safety Management Implementation Failure Causes Grounding of Vessel
On October 13, 2016, at 0108 local time, the articulated tug and barge (ATB) Nathan E Stewart/ DBL 55 ran aground on Edge Reef off Athlone Island in the Seaforth Channel near Bella Bella,...
Castor Maritime Inc. Acquires It’s Second Dry Bulker
Castor Maritime Inc. entered into an agreement to purchase a 2001 Korean built Panamax dry bulk carrier from an unaffiliated third party.
Addition of the bulker fleet will be incremental to the cash...