Shell & HES To Revive German Oil Refinery Ahead of IMO 2020
The sulphur cap set by the IMO from next year, to be one of the biggest fundamental events to hit oil markets in years.
Royal Dutch Shell with Dutch tank terminal firm HES...
Stop the Hype on Open-loop Scrubbers for Sake of Human Health – EGCSA
The hype around open loop exhaust gas cleaning systems wash water discharge dilutes the focus on human health and the environment.
Some governments and authorities decide to ban open-loop scrubbers, saying the discharging...
[Watch] Sea Change That Could Roil the Industry
International Maritime Organization’s sulfur emissions limit for the shipping industry will start in January 2020. IMO says shipowners in violation of the new rules to reduce toxic emissions from vessels can’t simply pay the...
Euronav: Summarizing the Tanker Market of 2018 and Beyond
Challenging freight market for crude oil tanker industry with reduced OPEC-driven production and excess supply of large tankers.
The highest level of older tonnage recycling since 1985 with VLCC rates returning to longer-term...
Weekly Tanker Report – Week 12, 2019
The Baltic Briefing has issued the tanker report for the 12th week of this year. The report dated 22nd March 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
AP Moller – Maersk Sells Total Stake for $1 Billion
According to a seatrade-maritime article, AP Moller – Maersk has sold its stake in the French oil and gas company Total for EUR884m ($1bn).
Shares sold
Maersk said that its subsidiary Maersk Oil Trading and Investment...
SCS Brings Technology Allowing Surveyors To Stay Away from the Quayside
All DNV GL classed vessels to utilize the possibility of remote surveys for some inspections through the Veracity data platform.
Remote surveys are possible through an online connection or video streaming link.
A...
First Inland Vessel ‘For Ever’ Powered by 100% Sustainable Biofuel
GoodFuels and partner REINPLUS FIWADO Bunker have fuelled the ‘For Ever’, the first inland vessel from Combined Cargo Terminals (CCT) that runs fully on 100% sustainable biofuel, says a press release published on Port...
Ukraine Seizes $51 Million Worth Cocaine in Cargo Ship
Ukraine's Security Service (SBU) seized a shipment of South American narcotics worth some $51 million.
It found more than quarter of a ton of cocaine hidden in banana containers aboard a South American...
Herodotus’s Egyptian Ship Discovered in Sunken City
The ancient Greek historian Herodotus wrote extensively about a ship during his travels to Egypt in 450BC. Now that mysterious Egyptian ship has been unearthed in a sunken city, reports the Dailystar.co.uk.
About the Lost...