Global bunker fuel market set to rise to a total volume of 460 mn tons by 2020, exhibiting a steady 3.1% CAGR in the last six years of the ongoing decade. Bunker fuel...

In a major developmet, A.P. Moller - Maersk and Russian Ministry of Transport signed a Memorandum of Understanding on June 5, enabling the launch of TradeLens in Russia, reports the Maritime Executive. TradeLens in Russian...

In a recent development, the Evac Evolution Ballast Water Management System (BWMS) has announced that they have been granted IMO Type Approval, following testing to the latest IMO requirements which encompass the revised G8...

The recently concluded MEPC74 meeting held in London last month has set a guideline report on what needs to be done in case of non-availability of compliant and how to report it in different...

According to the Drewry Maritime Reserach, the business case for retrofitting scrubbers will eventually “disappear” as the price spread between high sulfur fuel oil (HSFO) and low sulfur fuel oil (LSFO) will keep on...

Front-month Brent crude futures, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close and U.S. WTI crude futures were at $53.85 per barrel, 59 cents, or 1.1%, above their last...

Norwegian chemical tanker company Hansa Tankers continues to expand with the purchase of another chemical tanker Bow Tone, reports Splash 247. Company’s second acquisition of the year Norway’s Hansa Tankers has made its second vessel acquisition...

Offshore platforms designed to be able to operate for up to six months without the need for scheduled maintenance rely on a holistic power-generation concept from Wärtsilä that leverages high efficiency engines remote monitoring,...

Satellite AIS (Automatic Identification System) is a vessel identification system that is used for collision avoidance, identification and location information. Two such AIS systems have been implemented in the AXSMarine for maritime analytics, says...

According to an article published in PR Newswire, Ocean Yield ASA is pleased to announce that it has taken delivery of a VLCC. Series of four VLCCs The vessel Nissos Despotiko was delivered from the yard...