Matson on Schedule to Meet IMO 2020 Emission Regulation
In a major development, Matson, Inc. (NYSE: MATX) has announced that they have begun the installation of state-of-the-art exhaust gas cleaning systems on six vessels deployed in their Hawaii and China-Long Beach Express services...
Hyundai Secures $390M Contract for Two LNG Carriers
In a recent development, the South Korean shipbuilder Hyundai Heavy Industries (HHI) has announced that they have won a $390m contract from the European shipping firm to build two large liquefied natural gas (LNG)...
European Ports Expand LSFO Storage in Preparation for IMO 2020
According to a Platts report, european ports have been expanding their low sulfur fuel oil storage capacity ahead of IMO 2020 -- a lower sulfur cap on marine fuels, mandated by the International Maritime...
80% of Scrubbers Are Open-Loop: DNV GL
According to classify society DNV GL, the vast majority of over 3,000 scrubber installations to ships are for open-loop systems despite concerns over washwater, with some countries banning use in their waters, reports Seatrade...
Awilco LNG Carrier Damaged by Another Ship Off Singapore
An LNG carrier owned by Norwegian LNG transportation company Awilco LNG has been struck by another vessel off Singapore on May 30, reports Platts.
En-route to yard in Singapore
Norway’s Awilco LNG said no crew injuries...
Equinor Evacuates Statfjord A Platform After Collision
Norwegian oil and gas firm Equinor has evacuated oil workers from its Statfjord A platform in the North Sea after a collision with a supply vessel, reports Xinhuanet.com.
What happened?
An oil platform in the North...
Sinopec Announces 10m Ton LSFO Production for IMO 2020
Sinopec, China’s largest oil refining company, schedules the production capability of 10 million tons of low-sulfur marine fuel oil by 2020 and attainment of 15 million tons by 2023, reports Seatrade Maritime News.
Zhoushan and...
The Scrubber Debate Ahead of IMO 2020
To comply with the Sulphur regulation, scrubbers are turning out to be a favourite for the ship-owners due to cost and convenience.
More than 10 countries, including major ones like China, Singapore, Abu...
Ship Total Losses Fell in 2018
Allianz reports that in 2018, 46 total losses of vessels were reported worldwide. It was down from 98 losses 12 months earlier, with a significant decline in global activity.
The number of reported...
Trade Tensions Worry Ship Operators
Recent weakness in shipping rates sends an ominous signal just as some major economies are starting to stumble and trade tensions are rising.
Shipping executives fear the trade fight between China and the...