Spot Market for Nordic Tankers Trebled
In a major development, Nordic American Tankers Limited New suezmax vessel was delivered to NAT today - impacting earnings and dividend capacity positively.
Spot Market Tripled
Recently, the tanker industry has suffered from deteriorating earnings, lower...
Bunker Surcharge Alert! OOCL Plan on Floating Bunker Formula
Over the years, the industry has seen an increasing amount of attention given to the environmental impact from the global supply chain, resulting in regulations on emissions control and environmental protection becoming more stringent...
Containership Allides in India
On October 13, a containership allided with the pier located at the Jawaharlal Nehru Port outside Mumbai.
What happened?
The CMA CGM containership identified as 'CMA CGM Mumbai' allided with pier located at the Jawaharlal Nehru Port outside...
[Watch] Container Ship Hits Pier in Mumbai
Navi Mumbai: A container ship hit the jetty at Jawaharlal Nehru Port (JNPT) today causing damage to a portion of the jetty, no major damage was caused.
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Cargo Ship Sinks in Black Sea
On October 13, a vessel carrying metal scrap and flying under the Panama flag sunk in the Black Sea while its crew members were safely rescued.
What happened?
The Panama flagged vessel loaded with scrap metal...
Magnetic Compass Fails the Autopilot Resulting in Grounding
Summary
On 10 April 2018, the 45.5 m landing craft Lauren Hansen was preparing for sea at Hudson’s Creek, Darwin, Northern Territory. The ship’s operator, Shorebarge, had chartered the ship for a voyage to Elcho...
FOBAS: Rotterdam Tops Off-spec Bunker Port in H2 September
The Lloyd’s Register Fuel Oil Bunkering Analysis and Advisory Service (FOBAS) has identified Rotterdam port as having the largest number of off-specification bunker fuel samples between 15 to 30 September 2018.
Off-spec cases
FOBAS posted a...
Scrubber Numbers Surge to 1,850
Scrubbers installation rises from 1300 to 1850 in the last one month.
Wartsila, Alfa Laval and Yara Marine hold over 50% of the share.
Bulkers constitute 38% of orders, tankers 20% and containerships...
New Marine Fuel Additives to Help in 2020 Compliance from Innospec
Innospec Inc. reported that it has launched an exciting new range of marine fuel additives. These products will help the shipping industry comply with the new regulations regarding maximum sulfur content of marine fuels,...
A Case for 20/20 Vision? IMO’s Low Sulphur Fuel Limit
The fact that under MARPOL ANNEX VI falls the implementation of the global 0.5% sulphur cap for bunker fuel which will come into force on 1st January 2020 has been well publicized for the...