Dynamics of WS Flat Rates and WS Spot Rates on Tonnage in 2020
Weekly Tanker Market Report
The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry. The task gets even more complicated as Worldscale flat rates are reset at...
Virtually Passing Over the Isolated Danger Caused Grounding
Summary
On 12 July 2017, the Maltese registered container ship Kea Trader ran aground and stranded in position 22° 02.28' S 168° 38.25' E (Recif Durand) in the Pacific Ocean. At the time, the vessel...
[Watch] Ferry Disabled After Engine Failure
A PASSENGER FERRYBOAT near the Turkish city of Canakkale Turkey, suffered engine failure on Thursday morning and is unable to transport passengers to Gallipoli WWI battlefield, north of the narrow strait.
Disclaimer: This video is...
Norden Calls Scrubbers “Highly Attractive” Investment
Scrubber investments
Danish operator Norden A/S is making a significant investment in scrubbers, preparing for the January 1, 2020 global cap on sulfur emissions from bunker fuel.
Norden says that for the past 18 months, it...
Scrubbers v LSFO: US$300 Fuels Differential in 2020; US$87 by 2023
Projections from UK-based shipping consultancy Drewry report sets the difference in fuel price between low-sulphur fuel oils (LSFO) and heavy fuel oils (HFO) and predicts that it offers an appealing outlook for tanker owners...
A Sailor’s Worst Nightmare: Surviving a Sinking Ship
With millions of boats and ships plying the waves, it's easy to forget that mankind isn't made to survive in the ocean — and the dangers inherent to the sea are compounded when you're...
Surveys Without Surveyors Onboard! First Ever Remote Survey
The Klaveness Ship Management company is all set out to explore the road towards condition based maintenance back in April 2017 with a working theory that ship owners could save substantial amounts by addressing...
World’s First Electric and Self-propelled Container Ship Signed Off
On August 15, the World’s first electric and self-propelled container ship has been signed and is expected to be complete in 2020.
What happened?
The autonomous vessel ‘Tesla of the seas’ has been signed by the...
Torm Goes for Scrubbers
A Danish shipping company is turning towards scrubbers to brace itself for the upcoming 2020 sulfur cap.
What happened?
Danish shipping company TORM has decided to install scrubbers on 14 vessels available in its fleet to...
Genoa Bunker Prices Surge Due to Bridge Collapse
The bunker fuel prices have risen considerably in the Italian port of Genoa due to a motorway bridge collapse in the city.
What happened?
Bunker fuel availability at the primary Italian seaport, one of the busiest...