Venezuela’s $500 Million of Crude Finds No Takers
Venezuela is running out of storage space to store $500 million worth of crude oil following new U.S. sanctions in January.
Oil ventures owned...
TEN’s 158,000 dwt Suezmax Tankers Up For Long-term Charters
Signed for two 158,000 dwt suezmax tankers
$300 million in Potential Maximum Time Charter Income
5 to 12-year contracts with a significant oil...
Launching of a 200,000-dwt Bulker from KLine
In a major development, Kawasaki Kisen Kaisha Ltd. (K-Line) has announced at the Marugame business headquarters that Imabari Shipbuilding Co., Ltd. have completed the...
Weekly Maritime Security Report – Week 7, 2019
Protection Vessels International has published the weekly maritime security report of the 7th week of this year. The report formulated on 22nd February 2019...
[Answer] How Does an Open-type Seawater Scrubber Work?
Scrubbers have become the ultimate solution in the post IMO2020 scenario but seldom do we know how the different types of scrubber work, especially...
Recover Extra Fuel Cost or Go Bankrupt – BIMCO
European containerised imports likely to be stuck with demand growth of just 2% for years to come.
Trade tensions between the US and...
Dry Bulk Market Looks Dull
The drybulk market is facing a dull scenario with a decrease in freight rates for capesize vessels.
The global fleet utilization was 85.8%...
‘Thumping’ Ships – Sleepless in Port Chalmers!
The new Rio-class container vessels visiting Port Chalmers are causing sleepless nights to residents located near the port.
The port company has begun noise assessments...
IMO Readies for Sulphur 2020 Limit
IMO's PPR sub-committee focus on finalizing draft guidelines on consistent implementation of the 0.50% sulphur limit.
Guidelines aim for uniform implementation of the lower...
Drone Sighting Disrupts Major US Airport
Flights were grounded at Newark International Airport, US after two drones were spotted flying nearby on January 22nd 2019.
Drones have become a considerable menace...
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APLICATIONS
Eni Makes Mega Gas Discovery Off Egypt
Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG,...
