Mærsk Brings New Faces of Change on Board
In a major development, Maersk is planning to add new members to its Board of Directors, reports Globe Newswire.
Why is it needed?
At the ordinary Annual General Meeting which will be held on 2 April...
South Korea’s KOGAS Sends U.S. LNG Cargoes to Europe
Korea Gas Corporation (KOGAS) has redirected cargoes of liquefied natural gas (LNG) from South Korea to northwest Europe this winter for the first time, reports Reuters.
KOGAS changes destination
Three KOGAS cargoes from a U.S. LNG...
With Brexit in Flux, Shippers Re-Route to Avoid Dover
The prospect of truck jams has made everyone think about transport modes with alternative routes.
The problem of delay is further fuelled by security and custom checks and requested for extra sailings to...
Slow Steaming to Arrive at the Right Time
Container ships, on average, spend 6% of their time, every year, waiting at anchor due to delays at port. This occurs due to uncoordinated ship-to-shore operations which results in congested ports and further raises...
Why Tanker Owners Don’t Believe in a Tesla of the Seas
Discussions on digitalisation featured heavily at Riviera Maritime Media’s Asian Tanker Conference in Singapore, reports Edwin Lampert for Tankershipping.
Investment for improvement
Some of the most striking takeaways came from the contrasting and strongly held views...
Sinopec’s Hainan Refinery Delivers First Low-Sulphur Bunker Fuel Cargo
In a recent development, Sinopec Corp's subsidiary refinery has announced that they have delivered their first shipment of low sulfur bunker fuel that meets IMO standards in the southern island province of Hainan, reports...
CMA CGM Opts LNG Propulsion and Scrubber Mix on 10 Newbuilds
CMA CGM opted LNG and Scrubber mix for complying with the IMO 2020 sulphur cap.
Ordered 15,500 teu containerships from CSSC with five to burn LNG and five with scrubbers installed to burn...
Algoma Purchases 16,512 dwt Product Tanker
Algoma Central’s operating unit Algoma Tankers (ATL) has purchased a new 16,512 dwt product tanker.
It will be the 8th ship in the company’s Great Lakes-based product tanker fleet, reports Ship Technology.
The...
Weekly Maritime Security Report- Week 8, 2019
Pirates attempted to board underway container ship off the coast of Brass on 21 February.
Brazil authorities seized 680 kg of cocaine at Santos port on 19 February.
Dominican Republic authorities seized 91...
Marine Fuel Contracts Launched in Advance of IMO 2020
Intercontinental Exchange, Inc., on the 19th February, launched new Marine Fuel 0.5% futures contracts in advance of the implementation of IMO2020.
ICE’s new futures contracts will settle against the S&P Global Platts physical...