Baltic Dry Index is Down to 1,732 Points
On 7 August 2018, the Baltic Dry Index fell to 1,732 points, down 41 points (-2.31%) versus the level of August 6, says a report published in Port News.
BDI is a number issued...
Shipping Industry Urges UK Government to Extend Brexit Talks
Maritime UK urges for the extension of the Brexit Negotiations.
Shipping Industry might be adversely affected in case of a no deal scenario.
UK Ports might be headed for disruptions.
The Shipping...
German Box Fleet Value Set to Soar by US$5Bn
The value of ships owned by German companies is set to increase by over US$5Bn, over the next 2 years, says VesselsValue.
Varied portfolio
Its analyst Court Smith commented “Market returns have been stronger than expected...
Scrubbers to Dozens of Vessels in TMS Fleet
This publication has received an unconfirmed report that TMS Group is expanding an existing deal to fit scrubbers to dozens of vessels in the TMS fleet.
Agreement details
The original agreement, announced at a signing ceremony...
Cargo Vessel Collision Near Dungeness
On August 8, two people were rescued after a 2,000-ton cargo vessel and a yacht collided in the English Channel.
What happened?
A mayday call was received by the Coast Guard and they scrambled to respond...
[Watch] Cargo Vessel Runs Aground in Palawan
On August 6, a cargo vessel ran aground off the coast in Dumaran, Palawan due to strong winds and big waves.
What happened?
The tourist vessel ‘Cleopatra’ was enroute to Lucena City, when it ran aground...
How the New Fuel Regulations Change the Entire Shipping Industry
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020. International Maritime Organisation (IMO) have taken a series of regulatory steps to reduce marine pollution (MARPOL)...
[Watch] Greece Charts a Fresh Course
Greece controls almost over a quarter of the global crude oil tanker fleet.
15% of the chemical product tanker fleet is owned by Greek Shipowners.
1 in 4 global bulk carrier is from...
Scrubber Surge ‘Insufficient’ to Handle Post-2020 HSFO Surplus
A surge in scrubber orders proves that the predicted surplus of high-sulphur residual fuel oil when IMO's global cap on sulphur in fuel which takes effect in 2020, will not be enough.
More Scrubber installations
Argus...
[Watch] Great White Shark JUMPS Out of Water Nearly Catching Researcher
A huge Great white shark jumps out of the ocean at a small boat. The Atlantic White Shark Conservancy were out conducting research when they spotted the shark, and the shark nearly missed one...