Euronav: Summarizing the Tanker Market of 2018 and Beyond
Challenging freight market for crude oil tanker industry with reduced OPEC-driven production and excess supply of large tankers.
The highest level of older tonnage recycling since 1985 with VLCC rates returning to longer-term...
Weekly Tanker Report – Week 12, 2019
The Baltic Briefing has issued the tanker report for the 12th week of this year. The report dated 22nd March 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
AP Moller – Maersk Sells Total Stake for $1 Billion
According to a seatrade-maritime article, AP Moller – Maersk has sold its stake in the French oil and gas company Total for EUR884m ($1bn).
Shares sold
Maersk said that its subsidiary Maersk Oil Trading and Investment...
SCS Brings Technology Allowing Surveyors To Stay Away from the Quayside
All DNV GL classed vessels to utilize the possibility of remote surveys for some inspections through the Veracity data platform.
Remote surveys are possible through an online connection or video streaming link.
A...
First Inland Vessel ‘For Ever’ Powered by 100% Sustainable Biofuel
GoodFuels and partner REINPLUS FIWADO Bunker have fuelled the ‘For Ever’, the first inland vessel from Combined Cargo Terminals (CCT) that runs fully on 100% sustainable biofuel, says a press release published on Port...
Ukraine Seizes $51 Million Worth Cocaine in Cargo Ship
Ukraine's Security Service (SBU) seized a shipment of South American narcotics worth some $51 million.
It found more than quarter of a ton of cocaine hidden in banana containers aboard a South American...
Herodotus’s Egyptian Ship Discovered in Sunken City
The ancient Greek historian Herodotus wrote extensively about a ship during his travels to Egypt in 450BC. Now that mysterious Egyptian ship has been unearthed in a sunken city, reports the Dailystar.co.uk.
About the Lost...
Ship CO2 Emissions Greatly Reduced by 1% by High-tech Surfaces
Research done by the University of Bonn showcases how ship hulls were coated with special high-tech air trapping materials reduces up to 1% of global CO2 emissions, says an article published in Phys.org.
The Study
This...
Why Ship Owners Are Reluctant To Help Distressed Colleagues?
Increasing number of shipowners are reluctant to assist in salvage operations during distress.
It has been attributed to an aspect of the law which empowers the owner of the distressed vessel to sue...
How To Get a Cruise Vacation for Pennies on the Dollar?
Who will say NO to take a cruise vacation for nearly free? Is it really possible to get one? "Yes it is," says an article published in Forbes.
Experts stand a chance
If you are an...