UECC LNG Hybrid Solutions Targets Beyond 2030

UECC has prepared for beyond 2030 energy efficient environment solution by using a combination of gas and batteries. They have already ordered 2 pure cars and PCTC which operates of LNG and Batteries. ...

Maersk Line Boxship Loses Crew While Taking Pilot Onboard in Canada

As per media reports, the Container ship MAERSK PATRAS lost a man overboard while reportedly, taking pilot on board off Les Escoumins, Quebec, Saint Lawrence river mouth, in the morning of May 19. What happened? The...

IMO Discussed EU Ports’ Harmonized Scrubbers Action Proposal

Earlier this month, the European Sea Ports Organisation (EPSO) had called for urgent scientific research into the impact of liquid discharges from scrubbers, says an article published in Splash 247. About the Proposal The announcement was...

IMO 2020 Shaking Up How Shipping and the Oil Sector Works?

IMO is meeting for its only MEPC session this year ahead of 2020 sulphur regulations which will be affecting shippers and refiners. The oncoming regulations will reduce air pollution and prevent 570,000 deaths...

Weekly Tanker Report – Week 20, 2019

  The Baltic Briefing has issued the tanker report for the 20th week of this year. The report dated 17th May 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter...

GasLog Ltd. Reports Financial Results for the Quarter Ended March 31, 2019

Entered into a new five-year amortizing revolving credit facility on February 20, 2019 (the 2019 Partnership Facility), which successfully refinanced $354.4 million of current debt due in November 2019 and provided $90.0 million...

Oil Market Dislocations Reduce US Refiner IMO 2020 Benefit

Canadian exploration and production (E&P) companies are benefiting from light-heavy crude spreads. Surplus FCF associated with the IMO 2020 tailwind is earmarked for share buybacks which can be quickly dialed back when required. ...

More Ships Slow Down Off California to Avoid Killing Whales

Experts say four of the 10 gray whales found dead near San Francisco in 2019 were killed by ships. Due to the absence of speed limits at sea vessels can zip along as...

Värde and Landbridge Inks VLCC Sale and Lease Back Deal

Global alternative investment firm Värde Partners and Landbridge VLCC International, has announced a sale and lease back transaction of a very large crude carrier (VLCC), says an article published in Deal street Asia. What is...

GasLog Lays Keel for Its New LNG Carrier at SHI Shipyard

Gaslog held a keel laying ceremony for its LNG carrier currently under construction at SHI shipyard, says an article published in LNG World News. Keel laying ceremony Monaco-based LNG shipper GasLog announced that it has held...