Firmer Capesize Rates Prop Up Baltic Index
The capesize index rose 20 points, or 0.9 percent, to 2,189 points.
The panamax index gained 4 points to 1,779 points, highest since Jan 2014.
The supramax index fell 4 points to 1,200...
Ships Detained in the UK During September 2018
On 11th October, The Maritime and Coastguard Agency (MCA) announced that five foreign flagged ships were under detention in UK ports during September 2018 after failing Port State Control (PSC) inspection.
During September, there...
Scorpio Announces LOI for Scrubber Retrofits
On October 15, the Scorpio Tankers Inc. announced its entry into an agreement to retrofit 15 of its LR2s with Exhaust Gas Cleaning Systems (“Scrubbers”).
Letters of Intent
The company has agreed in its letters of...
Sulphur Cap Scraps Chemical Tankers 6 Years Earlier
Chemical tankers could be scrapped five to six years earlier ahead of their estimated lifespan.
IMO’s sulphur cap compliance
Amid the International Maritime Organization's move to implement a 0.50% sulfur cap on marine fuel from 2020,...
Singapore Bunker Sales Figure Down 5.2% on Year Last Month
Singapore’s Recorded bunker sales for September 2018 drops by 5.2% against same period last year record.
Sales better by 3.8% from 3.96 million mt in August.
The volume of marine fuel sold at the...
First-of-kind Containment Vessel Taking Shape
Construction of an ABS-classed LNG carrier with 45,000 cubic meters of storage capacity for Saga LNG Shipping Pte. Ltd. was commemorated on 11 September 2018.
Steel cutting ceremony
China Merchants Heavy Industry’s (CMHI) shipyard in Jiangsu...
[Watch] Great White Shark Bites ANOTHER Shark as it Misses Bait
A DRAMATIC viral video has captured the moment a great white shark attacks a smaller shark as the pair fight over food in the sea off the coast of South Africa.
Disclaimer: This video is...
Wärtsilä’s 31DF Engine to Power a Polar Ice-class Cruise Ship
Wärtsilä LNG solutions featured on an environmentally advanced cruise ship which makes it much more efficient with minimal emissions.
Pioneering Luxury Cruise Vessel
The technology group Wärtsilä’s 31DF dual-fuel engine, emphasizes outstanding efficiency, extremely economical fuel...
Pacific Basin Rides Dry Bulk Recovery, Foresees Better Days Ahead
The Handysize and Supramax freight market indices in the year to date have followed a similar seasonal pattern as in recent years, although at a higher level as the demand-supply balance remains favourable. A...
Prosafe Wins £14 Million Clair Ridge Contract for BP
BP has awarded Prosafe a £14.3million contract to charter the Safe Zephyrus accommodation vessel at the Clair Ridge platform, saya a press release of Prosafe.
The five-month contract will begin in May next year, with...