IMO Adopts Carriage Ban of Non-compliant Fuel Oil
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization...
IBM and Maersk Struggle to Sign Partners to Shipping Blockchain
It's hard enough to get enterprises that compete with each other to work together as a team, but it's especially tricky when one of...
Kidnappers Release Twelve Crew Members of Swiss Bulker
On October 28, the Swiss judicial officials have released the twelve crew members of a Swiss ship reportedly seized off Nigeria coast.
What happened?
On September 22,...
Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri
In a recent development,Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.
What's in the contract?
Verifavia will...
Can Speed Limits Help Box Ships Hit Emissions Target?
Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar that slow-steaming could “single-handedly” achieve the target.
Can speed limits help?
Mandatory speed limits...
Ship Financiers Back Tougher Action to Cut CO2 Emissions at Sea
Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.
CO2 emission agreement
In April, the...
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...
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APLICATIONS
Diana Completes Sale of a Post-Panamax Container Vessel
NASDAQ reports that Diana Containerships Inc has completed the sale of its Post Panamax vessel the m/v Hamburg. The company announced on Tuesday that...
