Brexit Deal Crushed by Historic Margin
The UK Government's Brexit deal was rejected by the British lawmakers by 432 to votes.
The government now has to win a no-confidence motion to prevent an election.
With the brexit date set...
Strong Winds Suspend West Mediterranean Bunker Operations
From January 14 onwards, the bunkering operations in the Port of Malta were suspended due to strong winds.
What happened?
A spokesperson for the Malta port authority has announced the suspension of bunkering operations due to strong...
Cable Ship Capsizes After Collision with Tanker
On January 14, a cable ship capsized after colliding with a tanker in the Indonesian waters of the Singapore Straits.
What happened?
The cable ship 'MV Star Centurion' capsized in the Indonesian waters of the Singapore Straits...
How Does Active Heave Compensation Technology Function At High Sea?
Active heave-compensation (AHC) technology
Offshore cranes and other equipment doing subsea work are provided with AHC systems to ensure precision in high sea states and extreme weather conditions.
The essential function of AHC technology is the...
Growth Impact From Venezuela’s Seizure Of Exxon Mobil’s Ship
Venezuela’s Navy recently seized Exxon Mobil’s ship contracted to explore its territory off Guyana.
To minimize potential impacts Exxon Mobil has focused its Guyana exploration program on the eastern half of the territory.
...
Sluggish China Coal Demand Hits Panamax Rates
The coal condition in China has affected the Panamax rates making it visible in the Baltic Index, reports Laurence Walker for the Montel News.
How much have the rates fallen?
Panamax vessel rates have declined by nearly 12%...
Zim Seals Vessel Sharing Deal with 2M Alliance
On January 11, the Israeli-owned container ship operator Zim and the 2M Alliance, which consists of Maersk Line and Mediterranean Shipping Company (MSC), has announced a new vessel sharing deal that is of more...
Bunker One Opens in Germany, to Supply 0.5% Fuels from Mid-2019
The Seatrade Maritime’s Asia Correspondent Lee Hong Liang reports that the German arm of the fuel supply company Bunker Holding Group, Bunker One, has expanded into Germany to service all ports at the German...
Unipec Tightens Grip as World’s Leading Dirty Spot Charterer
According to a regular annual survey carried by New York tanker brokers Poten & Partners, Unipec continues to remain the world’s dominant dirty spot charterer.
Cements a strong position
The Chinese subsidiary of Sinopec strengthened its position...
VIDA : Common-sense Regulatory Relief Without Sacrificing Water Protections
VIDA is Common-sense regulatory relief for vessel operators
It prohibits state and local authorities from adopting any regulations related to vessel incidental discharges, unless identical to the federal standards.
VIDA provision passed the...