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

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

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

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

 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

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

Marine Scrubber Installations may Peak at 6,000: Platts Analytics

The number of ships fitting scrubber systems as a means to comply with stricter sulfur emission limits may peak at 6,000 as economic incentives...

ClassNK Opens New Survey Office in Reggio Calabria

On December 5, the operations started for a leading classification society ClassNK, that has opened a new exclusive survey office in Reggio Calabria, Italy. Demand...

Samskip’s UK Investments Secure Supply Chain

The leading multimodal operator Samskip has become a major beneficiary of the Brexit. Within just 2 years of pre-Brexit investment in North Sea container...

Tanker Report – Week 49

VLCC Rates in the Middle East Gulf softened around 2.5 points to WS 97/97.5 for 270,000mt to China, with a run to Japan fixed at...

VIDA Signed into Law

On December 4, the White House announced the bill which included the Vessel Incidental Discharge Act of 2018 (VIDA). Bill passed The 'Vessel Incidental Discharge Act of...