Shipowner’s First Ship Recycling Transparency Initiative Report
The first report of the Ship Recycling Transparency Initiative (SRTI) indicates a growing movement stepping up the pressure on shipowners to disclose their approaches to ship recycling, reports Waste Management World.
What is the Initiative?
The...
Maersk Round Trip To Test Emission Reduction Target
Maersk ship Mette Maersk commences on a round trip trial of commercially viable biofuel testing.
The biggest biofuel testing of the world will save 1.5 million kilos in a 25000 nautical miles Rotterdam-Shanghai...
IMO 2020 : ExxonMobil Sights Marine Fuels Business Prospects
The IMO responsible for the safety and environmental performance of the shipping sector, has set sulphur cap to reduced sulfur emissions by over 80%.
ExxonMobil, the oil major views the IMO 2020 sulphur...
Weekly Bulk Report – Week 12, 2019
The Baltic Briefing has released Bulk carrier maritime activity report for the 12th week of this year. The report formulated on 22nd March 2019 highlights the situation in the bulk carrier market including trading...
Sumec Marine Sets Up Singapore Bulk Operations
Sumec has set up Singapore bulk operation and is set to operate all vessels owned by Sumec Marine.
Sumec is the first oversee subsidiary company for shipping business.
Aimed to cooperate with shipowners from overseas to...
String of Vessel Fires Raising Alarms Among Operators
Some six million containers or 10% of the overall capacity moved across the oceans, contain dangerous goods.
Nearly 1.3 million of those boxes aren’t properly packed or are incorrectly identified.
There is a...
Why Did Oil Tanker Rates Just Double?
Recently, tanker demand and rates have highlighted shifting supply patterns and have sparked a bit of a worry about OPEC’s compliance rates.
What sparked the worry was a rebound in tanker rates from...
No Timetable for Reopening Texas Ship Channel Following Leak
The reopening of the Houston Ship Channel has been postponed due to another setback caused by flammable chemicals to seep into the water.
More than 40 vessels — oil tankers, container ships and other crafts were...
[Watch] Tug Tows Cruise Ship Adrift in Storm, After 463 Rescued off Norway; 20...
According to Norwegian authorities, 463 passengers were airlifted off a cruise ship that got stranded off Norway's western coast in bad weather before the rescue operation was suspended Sunday so the vessel could be...
BW Group Makes Bid To Expand Gas Ship Holdings
BW Group making a bid to expand its holdings in the shorthaul and regional LPG trade by acquiring the remaining shares in Epic Gas.
The group acquired 54.7% of the issued shares of...