It’s an Inert Gas System
Inert gas system: A system of preventing any explosion in the cargo tanks of a tanker by replacing the cargo, as it is pumped out, by an inert gas, sometimes by flue gas from ship...
Aggressive Tanker Scrapping – Why Now?
Rates for crude tankers have been abysmal due to an oversupply of vessels.
Demo prices have been on an upward climb for quite a while and long thought to induce more scrapping activity.
The...
Head-To-Head Survey: Wärtsilä (WRTBY) vs. Its Competitors
Wärtsilä is one of 20 publicly-traded companies in the “Special industry machinery, not elsewhere classified” industry, but how does it contrast to its competitors? We will compare Wärtsilä to related companies based on the...
Maersk Approves Six Tanker Newbuilds
A report published in the MaerskTankers says, that the Maersk Product Tankers’ board of directors has approved the order of six of ten LR2 new buildings that are on contract with Dalian Shipyard.
Attractive Investment
The...
Baltic Index Falls on Broad Retreat
According to the latest report, the Baltic Index has fallen for the 4th consecutive time on Tuesday, hurt by weaker rates across all vessel segments. The downfall is visible in all the elements of...
Enhanced Hazcheck Restrictions Portal Ready for DG Booking
Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Club, is announcing its next phase of implementation of its Hazcheck Restrictions Portal at the transport industry’s Multimodal...
Can You Name this Ship Part?
Watch out here for the right answers and the winners. Please provide your profile picture and a brief about you to be featured here.
If you have any picture based or text based challenge that...
IMO Strategy on GHG Phase Out as a Matter of Urgency
Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions...
Maersk – Ban Non-compliant Ships! Sulfur Cap to Raise Bunker Costs
The upcoming implementation of restrictions on sulfur emissions in marine fuels can potentially jack up the fuel costs for the shipping industry by a whopping $50-$60 billion, reports platts. An additional $10 billion alone...
Ballast-free LNG Carrier Project Kicks Off Phase II
GTT, Lloyd’s Register (LR) and Dalian Shipbuilding Industry Corporation (DSIC) today launched the second phase of their “30,000m³ B-FREE LNG carrier” Joint Development Project (JDP). A meeting was held today at Lloyd’s Register premises...