NAPA Fleet Intelligence for MOL 80 Bulkcarriers
On October 24, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulk carriers...
Global Shipping Freight Rates Slump as Trade Slows
24% decrease in the cost of hiring container ships and 10% on raw material rates.
Tight credit conditions, market currency weakness and trade...
IMO’s High Sulphur Fuel Carriage Ban Remains on Track March 2020
The adoption of a ban on the carriage of bunkers above 0.50% sulphur is set to go ahead despite a number of countries seeking...
End of Detour Trades on High Seas
One of the more lucrative opportunities in global commodities markets, described as detour trades is about to get a little bit trickier according to...
Weekly Market Report
NWE/MED
There has been a steady flow of cargoes this week, with mostly butane cargoes flowing from UKC and Scandinavia, says a report published by...
Pacific, Atlantic LNG Vessel Spot Charter Rates Continue Climb on Low Availability
Pacific and Atlantic day rates for LNG vessels up $70,000/day and $50,000/day since mid-September.
The ballast bonus in the Pacific and Atlantic is...
Clearlake Shipping Charters Hoegh Gallant LNG Vessel
“Clearlake Shipping, a unit of Swiss-based energy trader Gunvor has chartered the Hoegh Gallant vessel as a conventional LNG carrier”, the reuters quoted...
Maersk Jack-up Bags One-well Extension with Petrogas
The Danish driller 'Maersk Drilling' has been awarded a one-well extension with Petrogas for its Maersk Resolute jack-up rig.
Contract extension
On October 22, Petrogas E&P...
IMO Rejects U.S.-Backed Plan for Phased Start of Ship-Fuel Rules
The International Maritime Organization rejects the proposal -- supported by both the U.S. and shipping groups -- for a phased start to rules that...
EPA’s 2013 Vessel General Permit to be Continued into 2019
The U.S. Environmental Protection Agency (“EPA”) recently published an update on its website notifying the industry that it would administratively continue the 2013 Vessel...
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APLICATIONS
New Guidance For Managing CO2 Storage Sites
The UK's North Sea Transition Authority (NSTA) has released two sets of guidance aimed at assisting the industry in preparing for the injection of...
