NYK Lines to Use Cryptocurrency for Crew Pay
Nippon Yusen K.K. to design digital currency pegged to the U.S. dollar, to standardize payment methods.
Yusen controls over 80 vessels with 20-23...
Cargo ship ran aground, Hull Breached off Ukraine
A general cargo ship ran aground in Dnieper River, Ukraine, reports the fleetmon.
What happened?
General cargo ship OREL-3 ran aground and reportedly sustained a hull...
Unchecked Climate Change will Cost the US Billions of dollars
A US government report warns, unchecked climate change will cost the US hundreds of billions of dollars and damage human health and quality of...
LNG Carrier Safety Drill with Simulations by MOL
Mitsui O.S.K. Lines conducted drill on 16th November.
Overcrowding in the shallows caused the collision of MOL LNG carrier with a fishing boat...
‘Omniphobic’ Special Type of Surface Repellent for Hulls
MIT research published in ACS Nano describes a new way to overcome the effect of condensation on omniphobic surfaces.
Latest models use liquid...
Weekly Market Report
Highlights
Busy start for the NWE coaster - various charterers booked
Tight shipping availability and struggle to find suitable tonnage
Delays on vessels waiting to discharge Propylene...
Norton Rose Fulbright Advises on Significant Shipping Merger
Highlights
Norton Rose Fulbright takes on the role of an advisor for a major transaction
The client has been identified as Global Ship Lease, US-listed containership...
Virgin Voyages’ Adults-only Cruise Ship Plans Destination Havana
Highlights
Richard Branson's Virgin Voyages launches adults-only cruise ship to Cuba
Assembly of the Cuban Resistance unhappy over the announcement
Claims that Cuban port facilities...
Indian Oil to Produce 0.5% Sulfur Compliant Fuel Oil by Mid 2019
Highlights
Indian Oil Corp is set to produce compliance fuel
Marine Gasoil production remains open
Tests for 0.5% sulfur compliant grades positive
Too early...
Bulk Report – Week 46
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predicted...
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