Gulf Navigation Vessels are 2020 Ready
Gulf Navigation holding has entered two of its petrochemical tankers into the dry dock for the mandatory five-year maintenance. This includes major upgrades to the two carriers in order to enhance the company's competitiveness...
Maersk to Spin Off Drilling Business
On August 17, the Danish shipping giant A.P. Moller-Maersk confirmed that it would spin off its offshore drilling operation and list the unit in Copenhagen next year to focus entirely on transport and logistics.
Profit...
42 Greek Vessels Goes for Bilfinger Scrubbers
The industrial service provider Bilfinger is planning to conquer new markets due to its scrubber technology.
Secured several contacts
The service provider group has secured several contracts from various Greek maritime companies. The company has identified...
British Woman Overboard! Spent Ten Hours in the Sea
On August 19, a British woman was rescued from sea after she fell off a cruise ship. The woman had been struggling for ten hours until she was rescued alive by Croatian coastguard.
What happened?
The...
Tanker Feared to be Hijacked
On August 13, a tanker was reported missing in the Gulf of Guinea and efforts on contacting the vessel went in vain.
What happened?
The tanker ‘Pantelena’ was travelling in the Gulf of Guinea when...
Dynamics of WS Flat Rates and WS Spot Rates on Tonnage in 2020
Weekly Tanker Market Report
The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry. The task gets even more complicated as Worldscale flat rates are reset at...
Virtually Passing Over the Isolated Danger Caused Grounding
Summary
On 12 July 2017, the Maltese registered container ship Kea Trader ran aground and stranded in position 22° 02.28' S 168° 38.25' E (Recif Durand) in the Pacific Ocean. At the time, the vessel...
[Watch] Ferry Disabled After Engine Failure
A PASSENGER FERRYBOAT near the Turkish city of Canakkale Turkey, suffered engine failure on Thursday morning and is unable to transport passengers to Gallipoli WWI battlefield, north of the narrow strait.
Disclaimer: This video is...
Norden Calls Scrubbers “Highly Attractive” Investment
Scrubber investments
Danish operator Norden A/S is making a significant investment in scrubbers, preparing for the January 1, 2020 global cap on sulfur emissions from bunker fuel.
Norden says that for the past 18 months, it...
Scrubbers v LSFO: US$300 Fuels Differential in 2020; US$87 by 2023
Projections from UK-based shipping consultancy Drewry report sets the difference in fuel price between low-sulphur fuel oils (LSFO) and heavy fuel oils (HFO) and predicts that it offers an appealing outlook for tanker owners...