China to Give Tax Rebates to Domestic LSFO Bunker Suppliers by 2020
China, the biggest bunker fuel consumers and operator of the largest shipping fleets, imposed a 0.5% sulfur limit on vessels sailing within 12 nautical miles in its coastline.
Refiners and blenders to get...
8th Annual Mediterranean Bunker Fuel Conference
As we approach the final month for the supply chain to prepare for the IMO 2020 switch, the world’s leading bunker suppliers, refiners, traders, brokers, ship owners/operators and other marine fuel industry organizations are...
Singapore Classifies Scrubber Residues as “Toxic Waste”
The Maritime and Port Authority of Singapore, which recently banned the use of open-loop scrubbers in its waters, has now classified residues from scrubber operation as "toxic industrial waste (TIW)" under Singapore's Environmental Public...
Number of Shipping Casualties Falls to Century-Long Record Low
According to Data obtained from global insurer Allianz, the number of ships over 100 gross tons* lost at sea during 2018 fell to a record low of 46 vessels, says an article published in...
Cross-Sector Cooperation Needed to Reduce GHG Emissions: International Large Engine Community
The IMO decision of April 2018, calling the international shipping industry to decarbonise and at least halve its greenhouse gas emissions by 2050 was an important milestone and was largely welcomed by the global...
World’s Biggest Ship of WA Coast Farewells First LNG Shipment
The first LNG shipment has sailed from the world's largest marine facility anchored off WA's North West, reports the Sydney Morning Herald.
What is it?
Shell's 488m-long floating LNG facility Prelude transferred its first shipment of...
IMO Secretary-General Commits to Sustainability Goals at Nor-Shipping Conference
In a major development, IMO Secretary-General Kitack Lim delivered a strong reminder about the vital importance of balanced and sustainable development to delegates at the Ocean Leadership conference at the Nor-Shipping 2019 conference in...
Star Bulk Carriers Corp. Tackles IMO 2020
IMO 2020 disruptions, delays in shipyards and restocking Chinese iron ore port inventories to create opportunities in late 2019 and early 2020.
Star Bulk plans to secure scrubber installations for 93% of the...
South Korea Regains Top Spot in May Shipbuilding Orders
According to an article published by World News Monitor, South Korea edged China for the first time in three months to recapture the No. 1 spot in global shipbuilding orders.
Top spot in global shipbuilding orders
Based...
Baltic Tests 1,100 Level on Increased Cargoes
The BDI has broken into the 1,100 level, registering at 1,107 for the day. However, the BDI eased later toward the end of the week settling under 1,100.
Capesize 5 time charter average...