Scrubbers to Dozens of Vessels in TMS Fleet
This publication has received an unconfirmed report that TMS Group is expanding an existing deal to fit scrubbers to dozens of vessels in the TMS fleet.
Agreement details
The original agreement, announced at a signing ceremony...
Cargo Vessel Collision Near Dungeness
On August 8, two people were rescued after a 2,000-ton cargo vessel and a yacht collided in the English Channel.
What happened?
A mayday call was received by the Coast Guard and they scrambled to respond...
[Watch] Cargo Vessel Runs Aground in Palawan
On August 6, a cargo vessel ran aground off the coast in Dumaran, Palawan due to strong winds and big waves.
What happened?
The tourist vessel ‘Cleopatra’ was enroute to Lucena City, when it ran aground...
How the New Fuel Regulations Change the Entire Shipping Industry
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020. International Maritime Organisation (IMO) have taken a series of regulatory steps to reduce marine pollution (MARPOL)...
[Watch] Greece Charts a Fresh Course
Greece controls almost over a quarter of the global crude oil tanker fleet.
15% of the chemical product tanker fleet is owned by Greek Shipowners.
1 in 4 global bulk carrier is from...
Scrubber Surge ‘Insufficient’ to Handle Post-2020 HSFO Surplus
A surge in scrubber orders proves that the predicted surplus of high-sulphur residual fuel oil when IMO's global cap on sulphur in fuel which takes effect in 2020, will not be enough.
More Scrubber installations
Argus...
[Watch] Great White Shark JUMPS Out of Water Nearly Catching Researcher
A huge Great white shark jumps out of the ocean at a small boat. The Atlantic White Shark Conservancy were out conducting research when they spotted the shark, and the shark nearly missed one...
Maersk Cuts Profit Forecast as Shipping Slump Deepens
Maersk reeling under high bunker prices and is unable to compensate freight rates.
They are expanding their transport and logistics and expects an earning between $3.5 billion and $4.2 billion this year. .
...
Court to Auction Hua Yun Shipping Handymax
Ningbo Maritime Court will hold an auction for 2008-built handymax bulker Hua Yun 5 via online platform Taobao on August 21.
The proceeds from the auction will be used to solve a debt dispute between...
U.S. Crude Exports to India Surge as China Intake Fades
China imposes 25% import tax on US crude oil, LNG, and coal
US crude oil producers have a new market in India as it has booked 9.94 million barrels of crude oil in...