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...
A Small Shift in LNG Market May Bring Big Boost for Shipowners
The complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it wasn’t widely used until last fall.
These bets backfired when a mild winter damped requirements...
IMO Joins for Discussion at Nor-Shipping Event in Oslo, Norway
According to an article published by Port News, a wide-ranging discussion during the "Africa@Nor-Shipping" event in Oslo, Norway held on 5 June explored a host of topics related to unlocking the full potential of...
Midwest Supplies Hindered by Floods Resulting in Stalling of Barges
According to an article published in STI Today, hundreds of barges are stalled on the Mississippi River, because of strong winds, snow, rainstorms and flooding.
What happened?
The Lock and Dam 17 on the Mississippi...
Stockpiling for LSFO Components, Paper Trading Ramps Up in May
Liquidity in the derivatives markets along with testing and stockpiling demands increased throughout the year.
Singapore premiums for 0.5%S to the Mean of Platts Singapore 380 CST HSFO kept rising in the month,...
Three Missing After Tanker Blast in Russia’s Makhachkala
Russia's Transport Ministry said that three people were missing and two injured on an oil tanker while it was pumping oil in the southern Russian port of Makhachkala, reports New York Times.
What happened?
Three people...
Just How Disruptive Will IMO 2020 Be?
Effective January 1, 2020, in accordance with a mandate from the International Maritime Organization (IMO), the allowable percentage of sulfur in marine fuel will fall substantially, from 3.5% to 0.5%. This looming change, known...
NYK Becomes the First Asian Member of One Sea Autonomous Ship Alliance
In a major development, NYK Group research subsidiary MTI Co. Ltd. has become the first Asian member of One Sea, an industry alliance aiming to realize autonomous ships, reports Marine Insight.
NYK’s Objective
By actively...
IMO in Race Against Technology to Develop Autonomous Shipping Guidelines
The IMO is casting its eye over a set of proposals that would try to standardise the rules that govern autonomous ships, says an article published in the Lloyd's List.
Opinions Differing
Submissions to the...