Samsung Heavy Lands $189 Million LNG Carrier Deal
On 31 December 2018, Samsung Heavy Industries clinched a $189 million deal to build a Liquefied Natural Gas carrier.
$189 million contract
The company has clinched the deal worth $189 million to build a liquefied natural gas (LNG) carrier. The...
NYK’s First Methanol-Fueled Chemical Tanker Using Green Loan
Japanese shipping giant NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of NYK’s first methanol-fueled chemical tanker says NYK in a press...
Sulphur Cap to Have ‘Crucial Bearing’ on Shipping: MOL Chief
MOL chief conveyed that 2020 regulation is expected to have a crucial bearing on the success
The move is expected raises the major cost and operational issues for shipowners and operators
MOL ready to meet...
Bunker Industry Welcomes MSC Move on Fuel Safety
The International Bunker Industry Association decided to support fuel safety concerns at the 100th session of MSC in early December 2018.
A proposal was also made to bring all fuel safety-related requirements of...
Platts’ New 0.5% Marine Fuel Price Assessment Hits $366.18/mt in Singapore
S&P Global Platts has pegged 0.5% sulfur marine fuel delivered in Singapore at US$366.18/tonne.
The price is based on the notional bids, offers and transactions on Platts’ Market at Close online system (MOC).
...
Carnival Unveils the World’s First Cruise Ship with a Roller Coaster
In what came as a huge surprise to cruisers and thrill-seekers, there's a cruise ship with a Roller Coaster in it, writes Emma Featherstone in an article for the Telegraph.co.uk
360-degree Ocean View
Thrill-seekers will be...
Environmental Crisis! Toxic Peroxide Found on Dutch Beach
Toxic Peroxide Found on Dutch Beach After Cargo Ship Loses 277 Containers says The New York Times.
Authorities deployed to attend
The Dutch authorities were struggling to respond to a possible environmental crisis after a cargo...
Ship Shortage Threatens Asian LNG Market Growth
Shortage of supply vessels threaten LNG market in Asia
High charter rates have been attributed to a surge in gas demand from China
LNG sales have been on a steady rise as natural...
LNG to be a Major Source of Marine Fuel for the United States
United States is increasingly dependent on LNG as a major viable fuel source
Shell Global, Q-LNG, VT Halter Marine and Wärtsilä began working on an Articulated Tug Barge
Favourable cost differential and superior...
‘An Environmental Bomb’: Greece to Haul 27 Abandoned Ships
The Gulf of Elefsina, the chief industrial shipyard area in Greece is home to dozens of abandoned cargo ships and passenger ships. Now, the Greek Government plans to haul these hulking remains of a cargo...