FIS Broke First Futures Trade on CME Singapore FOB Marine Fuel
In a major development FIS has announced that they have executed the first trade on the new Singapore FOB Marine Fuel 0.5% Futures contract specs, reports Freight Investor Services.
How did it happen?
The FIS...
Bringing Fresh Air to the Ship Power Puzzle
Wind energy touted to be future of ship propulsion with MAN developing an ammonia two-stroke engine.
Ammonia makes efficient use of electricity than making either liquefied or compressed hydrogen.
600-MW wind farm with...
Singapore HSFO/Brent Swap Cracks Rise to Two-Month High on OPEC Cut, Venezuela
Front-month March FOB Singapore 180 CST HSFO/Brent swap crack spread was assessed at $1.357/b as of 4:30 pm Singapore time (0830 GMT) on Wednesday.
Similarly, March FOB Singapore 380 CST HSFO/Brent swap crack...
Scrubber Installations Focus On Large Vessels
Just 10% of the global shipping fleet have scrubbers to reduce air pollution.
Of the existing fleet, 509 vessels have been fitted with scrubbers and 1,189 vessels are pending retrofit.
Estimate is that...
Crews Battling Ship Fire in Oregon
The iconic St. Clair ship which has been traveling the Great Lakes since 1975 was destroyed in a fire in Oregon recently, reports a Oregon newspaper.
What happened?
The St. Clair is a ship that’s been traveling...
HMM Optimistic of Alliances Despite Ending 2018 with $720m Loss
Subsidized South Korean ocean carrier Hyundai Merchant Marine (HMM) ended the year some $720m in the red.
Due to its aggressive drive to regain the market share HMM’s revenue improved by only 3.9%...
Wilhelmsen to Re-enter the Crude Tanker Segment After a Decade
WSM re-enters crude tanker market after it quit 10 years back.
Currently, market is better regulated on the competence side.
The step back is part of a move by Wilhelmsen group to grow...
[Watch] MAN Propulsion System Upgrade To Reduce Fuel Consumption and Emissions
A project developed by MAN Diesel & Turbo and Odfjell, results verified by Norwegian Marine Technology Research Institute and Rightship.
Odfjell is in close cooperation with MAN Diesel & Turbo to upgrade the propulsion system...
Lack of Octamar Winter Resulted in Boiler Explosion
A sailor was killed when a boiler exploded on a cargo ship as it prepared to dock in the UK, reports BBC News.
What happened?
Celso Banas, 35, from the Philippines, died in the blast aboard...
Cement Carrier Flooding Highlights Ballasting Risks
Operators that fail to properly monitor ballasting operations risk catastrophic flooding reports, Marine Propulsion.
What happened?
The failure to close a valve to the aft peak ballast tank onboard the CSL Australia-owned 15,999 dwt cement carrier...