NYMEX to Launch Low-sulphur Marine Fuel Futures Contracts in December
A Reuters report says that the New York Mercantile Exchange (NYMEX) is listing 11 marine fuel futures contracts with 0.5 percent sulphur content for...
Weekly Market Report
The weekly market report for the previous week is consistent with a busy week for cargoes and scheduled programmes.
NWE/MED
The NWE coaster market continues to...
Matson Moves Boxship in $106m Sale and Leaseback Deal
Highlights
MV Maunalei was sold for $106.0 million by a subsidiary of Matson and leashed back from the buyer.
The term of the lease has...
Safe Bulkers Enters Acquires a Japanese Post-Panamax Vessel
Safe Bulkers acquired Japanese Post-Panamax vessel, expected to arrive in 2020.
Company's common stock may finance upto 50% of the purchase price.
...
Angola LNG Offers Cargo for Jan-Feb Delivery
According to media reports, Angola’s liquefied natural gas (LNG) export plant has offered a cargo for delivery between January to February.
There are no...
Majority of ‘Wet’ Scrubber Systems have 3 Basic Components
Figure: Exhaust gas cleaning system basic components
There are several different designs of marine exhaust gas cleaning systems (often referred to as scrubbers) that remove...
[Watch] Tourists Spot Four Giant Waterspouts Appear in the Sea
THAILAND holidays are famous for blue skies and hot weather. But an amazing viral video has emerged showing the moment of a rare quadruple...
Captain of Drifting Ship Jailed for Grounding Ship on Reef
On November 22, the criminal court in French Polynesia was suspended the captain of a cargo vessel and announced an one-year jail sentence for...
Capital Product Merge Tankers with Diamond S in a $1.65bn Deal
Highlights
Capital Product Partners L.P. and DSS Holdings L.P. enter a definitive transaction agreement for business operations.
The new company hopes to be market leader...
Bye Bye GPS! World’s First Quantum(Atomic) Compass for Navigation
Imperial College Research Team and M Squared laser firm build quantum compass.
Quantum navigation more secure than GPS which is vulnerable to signal...
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APLICATIONS
Globus Maritime Announces Two New Charters
Nasdaq-listed Globus Maritime has secured new charter deals for two of its vessels, says a press release published on their website.
New charter deals
The Greek bulker...
