Cargo Ship Runs Aground Near Virginia Beach

On January 10, the U.S. Coast Guard assisted the crew of a bulk carrier ship after it ran aground. What happened? The bulk carrier 'JSW Salem'...

IMO Amendments Take Effect Ahead of 2020

IMO regulatory amendments and North Sea and Baltic Sea NOx ECAs entered into force on the first day of 2019 The BDN amendments...

$12 Million Of Losses From Trading Bunker Fuel Derivatives

  In 2018 Vistin Pharma set up energy trading unit. Head of energy trading stepped down on Thursday, 8th January 2019. Vistin shares dropped...

MR Tanker Arrested Off Singapore

The vessel Atlanta was arrested at 3.50pm on January 2nd, 2019 in Singapore. It was owned by Coastal Logistics affiliated with Coastal Oil...

Scrubbers: A Shipping Executive’s View

  As there’s no extension to the IMO 2020 Sulphur regulation, shipowners and shipping companies should create a ship implementation plan. The...

Tanker Report – Week 1, 2019

The tanker report has been compiled highlighting the various highs and lows faced by the tanker market. VLCC The increase in 2019 Worldscale flat rates led...

GARD: Amendments to the Rules for the 2019 Policy Year

  Changes in terminology and structure  as to calculation of calls and clarification of the term 'casualty'. Rule 56 regarding non-marine personnel has been...

Five Marine Fuels and Propulsion Technology Moves that will Define 2019

Prediction of top five trends in marine fuels and propulsion technologies in 2019 Stressed the need for long-term fuels, vision for zero carbon...

Panama Canal to Restrict Draft to 49 Feet as of February 11

  On January 7, Due to an unusually low amount of rain in December, the Panama Canal Authority (ACP) announced that the maximum draft for...

Freight Derivative Trade Volumes Up In 2018

According to the figures compiled by the Baltic Exchange the overall volume of the Forward Freight Agreement (FFA) trades increased in 2018, reports Dry...