[Watch] CMA CGM Puts Cost of Sulfur Cap Compliance at $160/TEU

CMA CGM plans to use LNG in its future containerships. The cost of retrofitting 9 ships is estimated around $160 /TEU. The company's...

IMO Takes Important Step to Facilitate Use of Methanol

IMO CC5 sub-committee has made a draft interim guidelines for fuel safety. The methanol fuel safety draft will be discussed at the MSC...

The End of Cavitation Damage on Running Gear

Over the last few months a large number of vessels belonging to eight different owners received Ecoshield protection for their rudders, bow thruster (tunnels)...

Alliance Asks Cosco to Speak Up On Arctic Fuel Choice

Responding to news that the COSCO-owned Chinese cargo vessel Tian'en has departed Arctic waters for the French port of Rouen, having travelled via...

Larger Suezmaxes Making More Trips from USGC to Europe on Rising Aframax Rates

Unusual strengthening in the US Aframax tanker market has compelled more crude oil shippers to use larger Suezmax vessels in recent weeks, according to...

Bernhard Schulte Shipmanagement Launches a Dedicated Offshore Division

Bernhard Schulte Shipmanagement (BSM) has set up a new business unit to focus on the oil and gas and offshore energy renewables markets. Purpose of...

Germany’s Merchant Shipping Fleet Shrinks by a Third

Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest...

AIP Granted to LPG as a Fuel for VLGC

The presentation of the AiP to Hyundai Heavy Industries (HHI) was made in a ceremony at the LR stand, C130, at Gastech 2018. Industry Collaboration HHI...

Pirates Kidnap 12 Crew Members from Swiss Vessel

On September 22, a group of pirates kidnapped 12 crew members from a Swiss merchant vessel when it was traveling through the Nigerian waters. What happened? The...

Bunker Tanker Ran Aground

On September 22, a bunker tanker ran aground on a coast southeast of Novorossiysk, Russia, Black Sea. What happened? The bunker tanker 'Gazpromneft Zuid-West' ran aground on...