Baltic Exchange Shipping Insights
TANKER REPORT
VLCC
Despite good volumes of enquiry, rates eased for eastbound 270,000-ton cargoes. The rate for China discharge eased paying WS 50 with South Korea and Japan at WS 47 although later in the week...
ClassNK Grants AIP to NYK Line and Japan Marine United
Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels) to NYK Line and Japan Marine United (JMU)...
Oversupply Sinking Dirty Tankers
The Clean Tankers market shows a modest sign of recovery as refineries in North Asia ramp up output after recent turnarounds. However, the Asian dirty tankers market is expected to be subdued in the...
Port of Rotterdam Fuel Oil Spill – A Stark Reminder of Risks
On 23 June 2018, a collision occurred between a tanker and the jetty in the Port of Rotterdam - Europe’s biggest seaport, resulting in a heavy fuel oil (HFO) spill.
What happened?
The tanker and...
Vatican Laments Often Poor Working Conditions of Seafarers
The Pope has brought the attention by highlighting the plight of merchant seamen and fishermen who may face dismal working conditions and be kept from going ashore when their ships dock in foreign ports.
What...
California Incentivises Ships that Slow Down
In a conscious effort to protect whales and cut ship emission, the government of California has taken a stringent measure in implementing its Protecting Blue Whales and Blue Skies Program and establishes voluntary vessel...
Hydrogen Fuel Cell Vessel is Coming to San Francisco
Few years ago, Tom Escher began an alternative for fossil fuel free ship and was unsuccessful in his endeavours.
Hydrogen fuel cell ferry
However, his dreams have come true on July 4 when the California Air...
Regular Tank Cleaning! Practical Advice from IBIA to IMO
2020 sulphur cap is nearing and shipowners are having a tough time.
IBIA submit a set of practical guidelines to ISWG.
The guidelines will help in tackling issues like the use of...
Cat Fines Causing Claims
Introduction
The demand for low sulphur fuel oil has steadily increased over the years, concurrent with the changing and more stringent requirements of the International Convention for the Prevention of Pollution from Ships (MARPOL) concerning...
Oil Spill Due to Failure of Cargo Hose
Summary
A tanker was fixed to load a petroleum product cargo at an offshore anchorage by ship to ship transfer (STS). After making fast alongside the storage vessel, cargo tanks were inspected and pre-loading checklists...













