LNG Carrier for Cameron LNG Nearing Completion Christened
LNG carrier with capacity of 177,000 m3 under construction for Mitsui & Co christened.
Mitsubishi Shipbuilding bagged the order for the new vessel through MI LNG Company, a joint venture for the design...
Tanker Report – Week 9, 2019
The Baltic Briefing has released a report about the tanker market of the 9th week of shipping activities of this year. The report dated 1st March highlights the plight of the tanker market at...
How Will US Sanctions on Venezuela Impact Tankers?
The United States has imposed sanctions on state-owned Venezuelan oil company PDVSA to prevent Venezuelan president from enjoying the benefits.
The actions also prevent companies from entering into financial transactions with PDVSA and will be...
IMO 2020 Scrubbers Uptake – 4% of Vessels, 10% by Tonnage
4% of the world fleet plus order book is slated to have scrubbers.
A majority of this 4% is still waiting to get the exhaust gas cleaning units installed.
With 509 vessels currently...
Electric Container Ships Are Stuck on the Horizon
The Yara Birkeland in Norway, is the world’s first electric-powered, zero-emissions container ship and the first autonomous commercial vessel.
It will carry just 120 TEU at 6 knots service speed with longest intended...
American Shipping Company ASA Reports Q4 Results
On 28 February 2019, American Shipping Company ASA announced the results for fourth quarter ending 31 December 2018.
Report Highlights
Overseas Shipholding Group (“OSG”) exercised options to extend the bareboat charter agreements for all nine...
Bulk Report – Week 9, 2019
The Baltic Briefing has released Bulk carrier maritime activity report for the 9th week of this year. The report formulated on 1st March 2019 highlights the situation in the bulk carrier market including trading...
NYK Charters Its Eco-friendly Wood-chip Carrier for Long-term
In a recent development, NYK has announced that they have concluded a long-term contract with Mitsubishi Paper Mills Limited for a new wood-chip carrier to be built by Oshima Shipbuilding Co. Ltd. which would...
12 Vessels Travel 21,000 Miles Holding Nothing But Seawater
Vessels are making voyages of as much as 21,000 miles direct from Asia, all the way around South Africa, holding nothing but seawater for stability.
Middle East producers restrict supplies.
America’s light crude...
How Does Scrubbers Financing Work?
When it comes to complying to the new IMO regulations due to be effective from 2020, scrubbers installation is not the only challenge, the idea of securing the best possible financing solution is the...