BIMCO: Marine Sulphur Content & Fuel Transition Clause Published

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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

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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

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

Global Ship Inks Five-Year Time Charters with CMA CGM

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Global Ship secured two 5-year time charters with CMA CGM for two containerships at 30% above current rates. The new charters will commence...

How does Seawater Buffer or Neutralize Acids Created by Scrubbing?

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Scrubber systems are air pollution control devices that can be used to remove some particulates and/or gases from industrial exhaust streams. Traditionally, the term...

8% Discount on Tonnage Fees for ESI Ships in the Port of Tallinn

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Ships participating in ESI can avail 8 percent discount on tonnage fees in the Port of Tallinn New port pricing system to be introduced...

Fuel Prices Falling! Ocean Carriers Levy Surcharge Now

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The shippers remain unconvinced about the justification the size of the surcharge ocean carriers is proposing to cover the cost of compliance with the...

Choice of 2020 Compliance may Affect Charter Parties and Agreements

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As 2020 is fast approaching, many uncertainties have risen with respect to fuel costs and fuel availability. The characteristics of some of these new...

Components of Gasoline Production to Make Shipping Fuels

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  As shippers start exploring low sulfur fuels, the gasoline market faces a difficult situation. Vacuum Gasoil will be diverted to make ship fuels,...

Asia-Pacifics First ‘green loan’ for Scrubbers

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  Quantum Pacific secures 40 million dollars green loan for scrubbers installation. The first loan in Asia Pacific which will fund the purchase and...
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