Diana Time Charters with Koch for Panamax Vessel

Diana Shipping Inc.,is time chartering the m/v Ismene with Koch Shipping Pte. Ltd. The gross charter rate is US$12 125/d.,for a min period...

Cargotec Calls for Startups to Join the Global Rainmaking Programme

In September 2018, Cargotec partnered with Rainmaking Ltd. to establish a startup collaboration programme called Trade & Transport Impact. Collaboration Programme The programme aims to...

Wärtsilä Urges Owners to Weigh Up HY

Wärtsilä Corp invested in the Hybrid Centre aimed at using advanced propulsion concepts and techniques, at its factory in Trieste. Wärtsilä HY is...

Crew Abduction and Robbery Incident Reported Against Ship – ReCAAP

ReCAAP ISC had released a report on the abduction and robbery incidents against ships in Asia that occurred from 4 to 10 December 2018. What...

Chemistry Behind How Seawater Buffer or Neutralize Acids

Calcium Carbonate Reaction When calcium carbonate reacts with acidic free hydrogen (H+) ions in seawater, the solid calcium carbonate dissolves, forming free calcium (Ca2+) ions...

Foreign Flagged Ships Detained In The UK During November 2018

On December 12, the Maritime and Coastguard Agency (MCA) announced that four foreign flagged ships remained under detention in UK ports during November 2018...

Global Phenomenon of LNG Bunkering Services and Infrastructure

Zero particulate matter emission has made LNG the future proof marine fuel. With 120 LNG powered vessel, the LNG bunkering market will exceed...

BIMCO: Marine Sulphur Content & Fuel Transition Clause Published

BIMCO has published two sulphur content related bunker clauses which are now available for its members on the BIMCO website and on SmartCon, BIMCO’s...

Lofty Freight Rates Shield Asian Sweet Crudes from Arbitrage Competition

Asian sweet crude trader said, differentials are expected to remain supported for the coming February trading cycle as multi-year high freight rates bar some...

Wallenius Wilhelmsen Supports Ship Recycling Transparency Platform

Ship Recycling Transparency Initiative has formed an online platform for ship recycling transparency with the help of Wilhelmsen group. The platform will make...