Scrubber Benefits To Disappear But LSFO Premium Stays
According to the Drewry Maritime Reserach, the business case for retrofitting scrubbers will eventually “disappear” as the price spread between high sulfur fuel oil...
The Strange Case of Summer Oil Market
Front-month Brent crude futures, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close and U.S. WTI crude futures were at...
Hansa Acquires Tanker for $18.5 M From Japan’s JX Ocean
Norwegian chemical tanker company Hansa Tankers continues to expand with the purchase of another chemical tanker Bow Tone, reports Splash 247.
Company’s second acquisition of...
[Watch] Wärtsilä Power Solution for Normally Unattended Installations
Offshore platforms designed to be able to operate for up to six months without the need for scheduled maintenance rely on a holistic power-generation...
Tanker Software Platform Adds Two Extra Satellite AIS Providers
Satellite AIS (Automatic Identification System) is a vessel identification system that is used for collision avoidance, identification and location information. Two such AIS systems...
Delivery of VLCC New Building with 15-Year Charter
According to an article published in PR Newswire, Ocean Yield ASA is pleased to announce that it has taken delivery of a VLCC.
Series of...
Man and Wife Airlifted from Cruise Ship 100 Miles Off Cape Hatteras
According to an article published in CBS17, the U.S. Coast Guard airlifted a 55-year-old Canadian man from a cruise ship 100 miles southeast of...
Scrubber-Equipped Tonnage Now Accounts for 36% of Box Ship Capacity
As the global maritime industry is sailing towards a new sulphur regulations imposed by the International Maritime Organisation (IMO), boxships are set to operate...
IMO Adds Ship Register To STCW White List
According to an article published in Tanker Shipping and Trade, Palau International Ship Registry (PISR) has been recognized by IMO as fully complying with...
Oil Product Stocks Fall To 4-Week Low Amid Soft Holiday Trading
Eid-al-Fitr holidays cause a slump in refined oil product stockpiles at Fujairah.
Total inventories at the hub dropped 0.5% over the past week to...