End of Detour Trades on High Seas
One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to several industry analysts and a former engineer for A.P. Moller-Maersk...
Weekly Market Report
NWE/MED
There has been a steady flow of cargoes this week, with mostly butane cargoes flowing from UKC and Scandinavia, says a report published by StealthGas.
Prompt enquiries have continued to surface, but with limited firm...
Pacific, Atlantic LNG Vessel Spot Charter Rates Continue Climb on Low Availability
Pacific and Atlantic day rates for LNG vessels up $70,000/day and $50,000/day since mid-September.
The ballast bonus in the Pacific and Atlantic is marked at 150% and 125% respectively.
S&P Global Platts Tuesday assessed...
Clearlake Shipping Charters Hoegh Gallant LNG Vessel
“Clearlake Shipping, a unit of Swiss-based energy trader Gunvor has chartered the Hoegh Gallant vessel as a conventional LNG carrier”, the reuters quoted Hoegh LNG stating this.
Hoegh Gallant is a floating...
Maersk Jack-up Bags One-well Extension with Petrogas
The Danish driller 'Maersk Drilling' has been awarded a one-well extension with Petrogas for its Maersk Resolute jack-up rig.
Contract extension
On October 22, Petrogas E&P Netherlands B.V. has exercised an option with Maersk Drilling to...
IMO Rejects U.S.-Backed Plan for Phased Start of Ship-Fuel Rules
The International Maritime Organization rejects the proposal -- supported by both the U.S. and shipping groups -- for a phased start to rules that will limit the sulfur content of ship fuels starting in...
EPA’s 2013 Vessel General Permit to be Continued into 2019
The U.S. Environmental Protection Agency (“EPA”) recently published an update on its website notifying the industry that it would administratively continue the 2013 Vessel General Permit (“VGP”) until a new permit is issued sometime...
Automation for Ship Renewable Energy Systems Unveiled
On 23 October, as part of the ongoing strategy to prepare its EnergySail and Aquarius MRE for commercial release, Eco Marine Power (EMP) unveiled further details of the automated control and monitoring systems. This enables...
Vessel Hits Bridge, Smashes Water Pipes and Internet Cables
On October 24, Oldendorff Carriers reported that its vessel Erna Oldendorff was moved to the Yanai anchorage in Japan for a further assessment by the Japanese Coast Guard of the damage following the ship’s...
Contaminated Bunker! BW Seeks $350,000 Damages from WFS
BW Green takes World Fuel Services to a U.S. Court over the supply of off-spec marine fuel says Manifold Times.
Legal action
Gas marine transportation services provider BW Green Carriers AS, a subsidiary of the BW...