HMM to Leave 2M Alliance! May Join the Rival Ocean Alliance?

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HMM plans to leave the shipping alliance with the 2M Alliance HMM ready to forge a new ocean alliance when its ties with the 2M...

ONE Bunker Surcharge On All New Contracts from Jan. 1, 2019

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ONE will implement a bunker surcharge on all new contracts beginning Jan. 1, 2019, "to be valid till further notice," to help offset...

WFW to Retrofit Scrubbers On Selected Vessels

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In a recent development, WFW advises MPCC on major scrubber acquisition order says a news letter published on their website. Acquisition and finance info Watson Farley...

Cosco Considers London Stock Exchange Listing

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Cosco trying to raise capital on the London Stock Exchange in a bid to move to the European market. Through the global depository...

Crowley Adds 400 New Refrigerated Containers to its Fleet

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Crowley Logistics received 400 new reefers in Santo Tomas, Guatemala to accommodate the northbound reefer season through May 2019. Crowley has invested over...

Ballast Water Management Systems With High Flaw Rates

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American Shipping Bureau survey reports that 30% BWTS have problems and 15% are inoperable. The survey conducted among 220 vessels cutting across 27...

EGCSA: MPA Scrubber Ban Disappointing and Politically Motivated

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Exhaust Gas Cleaning Systems Association terms Singapore open-loop scrubbers ban “politically motivated”. Singapore MPA has issued the ban without any discussion despite  being...

Great Eastern to Spend $50 mn On Scrubbers

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  Indian fleet company to spend $50 million to refurbish its fleet to comply with new IMO regulations. $20 million for fitting exhaust gas...

MAN Cryo Develops a Marine, Liquid-Hydrogen Fuel-Gas System

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A subsidiary of MAN Energy Solutions has developed a marine fuel-gas system for liquefied hydrogen with Fjord1 and Multi Maritime. It is the...

Markets – Rates Remain Firm in all Sectors

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The market witnessed another active week for VLCCs with rates ex-MEG and WAfrica to East remaining in the high WS90s, yielding about $55,000 per...
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