CMA CGM: Most Accomplished Asia Pacific Ship Owner of 2018
Highlights
CMA CGM named ‘Most Accomplished Asia Pacific Ship Owner’ of 2018.
Award for demonstration of sustainability, efficiency and environment-friendly approach.
Successful in reducing CO2 emissions by 50% between 2005 to 2015 and aims a reduction...
How to Know the Engine Room Before Joining the Ship?
VR start-up SeaBot XR could speed up the process of adjusting to new engine rooms for the crew.
A smartphone and cardboard box virtual reality (VR) headset familiarise crews with the layout of...
NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December
A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for trade on the CME Globex electronic platform for trade from...
Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to be busy with a consistent level of cargoes quoted, leaving...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has been for five years with an extension of two years.
...
Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel
Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020.
Company's common stock may finance upto 50% of the purchase price.
A restriction on transfer applicable to any issued stock for...
Angola LNG Offers Cargo for Jan-Feb Delivery
According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.
There are no destination restrictions for this cargo which will be sold on...
Majority of ‘Wet’ Scrubber Systems have 3 Basic Components
Figure: Exhaust gas cleaning system basic components
There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove sulphur oxides from ship’s engine and boiler exhaust gases.
However the...
[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea
THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple waterspout hit a Thai island during a storm.
Disclaimer: This video...
Captain of Drifting Ship Jailed for Grounding Ship on Reef
On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for grounding the ship onto a reef.
What happened?
In June 2018, a Philippines-registered...