[Watch] IMO 2020 : What’s the Future of Oil Markets?

What is IMO 2020? The International Maritime Organisation has stated that as of the 1st of January 2020 all ships must reduce their sulphur emissions from 3.5% thresholds to 0.5%. The aim of this regulation...

EC Meet to Harmonise Rules on Scrubber Wash Water Discharge

Recently, the Council of the European Union met to discuss issues pertaining to the scrubber wash water discharge. With just a year remaining for the IMO 2020 deadline and many countries like Singapore and China...

[Watch] Greek Carrier Collides While Making a Manoeuvre to Leave

Pireas-Polaris collision occurred as Greek vessel was leaving area and was allowed to continue to Malaysia as accident not 'very serious' said, Maritime and Port Authority Singapore (MPA) for The Straits Times. What happened? A collision...

Diana Announces Time Charter Contract for m/v Danae With Phaethon

  Diana Shipping Inc. time chartered the m/v Danae a Panamax vessel on February 5th, 2019. The time charter contract is with Phaethon International Company AG. The gross charter rate is US$8,100 per day,...

Hapag-Lloyd to Retrofit 15,000 TEU Container Ship to LNG

Hapag-Lloyd is to retrofit the former United Arab Shipping company 15,000 TEU containership ‘Sajir’ to operate using liquefied natural gas (LNG), reports Project Cargo Global. About the Contract The Sajir, built in 2014, is one of...

Cargo Ship Acquitted! Defective Alarm and Valve Not Foreseeable

The cargo ship MV Marathassa has been acquitted of the last charges related to dumping of 2,700 litres of bunker fuel into Vancouver's English Bay. Judge Kathryn Denhoff acquitted the ship of charges...

Lifeboat Launches During Repair With 2 Tanker Crew Overboard!

According to NBC12, the U.S. Coast Guard says two crewmen repairing lifeboats on an oil tanker were hurled into the ocean when one of the boats launched itself off the ship. What happened? On February 6,...

Conventional Reefer Vessels Expect Further Decrease

  15 largest carriers operate 56% of the fleet in terms of capacity and the largest of these is Baltic Shipping/Cool Carrier with 11%. As they operate large units, they account for 40% of...

Cargo Ship with Tesla Cars Reached Europe! Model 3 Invasion Begins

The Tesla Model 3 is heads to foreign territories, after conquering the United States’s luxury car market in 2018. The first large batch of electric sedans arrived at the port of Zeebrugge in...

Prelude FLNG To Fill One ShipBorne Cargo Every Week

  Prelude FLNG, the world’s largest floating producer of LNG will fill one shipborne cargo every week. Markets and the supply chain have changed and now, Prelude FLNG has changed them further. By comparable...