Polaris CEO’s Arrest Warrant Rejected Over Stellar Daisy Sinking
According to World Maritime News, an arrest warrant issued against the CEO of South Korean shipping company Polaris Shipping has been rejected over the sinking of the Stellar Daisy.
Warrant rejected
An arrest warrant was requested against Kim...
Britannia P&I Granted Underwriting License in Hong Kong
Britannia P&I has been granted a license by Hong Kong’s Insurance Authority to underwrite business from its Hong Kong office.
The license has been granted to support the local marine insurance sector.
Hong Kong office will...
Unmanned Ships For Maritime Trade : A Question of ‘When’ Not ‘If’
Across the world, autonomous ships are emerging as the future of commercial maritime trade
In the next 15 years, a unanimous worldwide effort may be seen towards building autonomous ships.
Auto-Ships are expected...
Shipping Rates Slow Down As Raw Materials Demand Hit
In a major backlash, freight rates for dry-bulk and container ships, carriers of most of the world's raw materials and finished goods, have plunged over the last six months in the latest sign the...
D’Amico: Sale and Leaseback of New 75,000 dwt LR1 Product Tanker
D’Amico International Shipping will be chartering the MT Cielo di Houston for sale and leaseback.
This vessel is under construction at Hyundai-Mipo and sold at a consideration of US$ 38.6 million.
At the...
Performing a Downstreaming Maneuver in High-Water Condition Sinks Vessel
About 0752 local time on April 19, 2016, the towing vessel Ricky J Leboeuf capsized and later sank while its crew tried to remove a barge from a fleeting area in the San Jacinto...
86 MSC Scrubbers Gets US$439m SINOSURE- Backed Financing
In a major development, Watson Farley & Williams has advised BNP Paribas to coordinate with bank and agent together with a syndicate of four other banks as lenders, in connection with a US$439m SINOSURE-backed...
[Watch] Energy Efficiency with Wärtsilä Propulsion Solutions
In the fiercely competitive world of shipping, every drop of fuel matters. Wärtsilä continuously develops energy efficiency solutions that help you improve your vessel performance, achieve significant fuel savings and reduce environmental impact, not...
Beat The Ban! Open-loop Scrubbers in Open Waters and MGO Near Ports
IMO 2020 fast approaching yet vast uncertainty prevails regarding what will replace HSFO.
One consensus to have emerged is low sulphur marine gas oil.
HSFO-MGO price spread ranging from $125 to $175 per...
Greek Owners Growing LNG Shipping Footprint
Greek shipping sector is dominating the LNG sector with a combined fleet worth $14bn.
John Angelicoussis' Maran Gas Maritime leads the way with its 27-strong trading fleet and 10 ships on order worth $3.98bn.
Greek...