MPC Commits to Scrubbers! As Charterers Love Scrubber-fitted Vessels
MPC Container Ships ASA is set to purchase 5 scrubbers for their fleet.
Another 50 scrubbers installation will take place in 2019 and 2020.
The installations will commence in an evaluative vessel by...
Cylinder Oil Consumption Monitoring Revealed 4% to 7% Savings
Cylinder oil consumption monitoring is one of the main drivers for fleet performance management. Savings between 4% and 7% are regularly found, in some cases up to 25%.
Fleet performance management targets the whole ships...
MOL: Safely Visit a Ship Carrying Dangerous Goods with VR
Virtual Visits Now Available on Next-generation VLCC says MOL in its press release. This enables user to Safely Visit a Ship Carrying Dangerous Goods with 'Vessel View VR'.
MOL’s second vessel with VR
Mitsui O.S.K. Lines,...
Demurrage: Charterers Breached Obligation and Undertaking
Singapore Arbitration 2/18 probably does not develop the law or offer a novel interpretation of common fixture wording. It does, however, illustrate some of the less familiar demurrage and also DA disputes that...
Diana’s New Time Charter Contract With Glencore
Diana Shipping Inc. charters its Kamsarmax vessel for US$13,300 per day.
Charter commenced on 13th November 2018.
Anticipated gross revenue of US$5.44 million.
Company fleet's weighted average age grows to 9.23years.
Diana Shipping Inc....
Ballast Water Market Drives Revenue Hike for BIO-UV Group
BIO-UV's ballast water treatment system sales caused 30% increase in revenue.
After the USCG certification, they are expecting a 15% increase in revenue in 2018.
Their international expansion plan to set up operations...
Finance Conference Speakers Take a More Optimistic View of Shipping Market Trends
On November 8, the fourth Maritime Standard Ship Finance and Trade Conference was held at Abu Dhabi’s Sheraton Hotel and Resort and was in many ways very different from the preceding three events in...
Freightos Baltic Container Report – Week 44
Report Highlights
As of November 1, with many carriers pulling the General Rate Increases (GRIs), but, with sailings heavily booked, further rounds of GRIs are expected on 15 November and 1 December. The outcome of...
Gas-imaging Cameras Detect Fugitive Emissions from Tanker
The Port Inspectors have identified “fugitive emissions” from a 2-million-barrel crude oil tanker as a culprit in periodic pungent odors that have offended coastal residents and whose source has eluded detection for years.
What happened?
Last...
20 Container Vessels Ordered for Wan Hai Lines
To improve its company’s fleet improvement plan, Wan Hai Lines has confirmed an order of 20 container vessels with JMU (Japan Marine United Corporation) and GWS (Guangzhou Wenchong Shipyard Co., Ltd) / CSTC (China...