Total Lubmarine’s New Singapore Lubricant Blending Plant Becomes Operational
With an aim to meet the increasing demand from the shipping industry for its marine lubricants in the Asia – pacific region, Total Lubmarine has launched a 310,000 MT capacity plant in Tuas South,...
Shell To Acquire Rival BG For $70 Billion
In the wake of the Brazilian economy, which is facing one of its largest recession in 25 years, the Brazilian Government and CADE approved the $70 billion acquisition without any restrictions. This acquisition would...
Iran Nuclear Deal: US not in a hurry to sign the agreement
America and other major powers are not in a rush to reach a nuclear agreement with Iran said John Kerry, US Secretary of State. He also emphasized that they would not wait indefinitely. ...
North Asian Ports Gear Up For Typhoons
Typhoon Chan-hom is forecast to head towards Shanghai’s Zhoushan port in South Korea as well as Japan’s Okinawa prefecture in the coming days. Traders fear that the strong winds will disrupt port bunkering activities.
The...
Hong Kong Port Achieves 65% Of Reduction In SOx Emission
On July 1st, the Hong Kong Government Environmental Protection Department implemented sulphur regulations for Ocean-Going Vessels(OGV).
The Regulation prohibits OGVs from using any fuel other than the compliant fuel while at berth in Hong Kong, except...
London To Host Shipping Conference
Seen as the ‘must attend’ event in 2015 for the global shipping industry, London International Shipping Week will bring world shipping together for one week.
With a wealth of industry functions planned for the week,...
Wartsila Establishes New Subsidiary – ‘QuantiParts’
A new subsidiary "Quantiparts" has been established by Wartsila for trading spare parts of its classic 4-stroke Wartsila engines. QuantiParts, fully owned by Wärtsilä, will operate from the Netherlands and serves customers in the...
Greek Govt Submits New Proposals to Eurozone
The Greek government has submitted new set of proposals to Eurozone in its fresh bid to stay afloat amidst the economic crisis. The proposals were submitted just 2 hours before the stipulated deadline expired....
Chinese Stock Market Surges In An Unstable Session
This Thursday, Mainland Chinese shares bounced back following the regulators’ stringent steps to keep the stock market in right pace. Up to 5.76% of losses were reversed by the Shanghai Composite index, a biggest...
Port of Marseille Fos to offer Alternative Maritime Power to berthing ships
Cold ironing or Alternative Maritime Power (AMP), is the process of providing shore side electrical power to a ship at berth while its main and auxiliary engines are turned off.
In a bid to reduce carbon...