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Eagle Bulk Shipping Inc. Acquires Modern Ultramax
Eagle Bulk Shipping Inc. (EGLE), one of the world’s largest owner-operators within the Supramax / Ultramax segment, has taken delivery of the previously agreed...
Bunker Market Scrambles for Extended Credit Lines As IMO 2020 Looms
About $4 billion/month of extra credit will be needed starting 2020 to cover the rise in demand for LSFO.
This rise has resulted...
Cosmo Oil To Supply IMO-compliant Fuel by October 2019
From October 2019 onwards, Cosmo Oil will supply VLSFO in the domestic marine fuel markets.
The supply VLSFO is part of a growing...
How IMO 2020 Will Impact Shipping in The Middle East?
As new IMO regulations are set to come into force, shipowners need to take action to be compliant on January 1, 2020.
A...
Trafigura Takes Up Share Deal With Scorpio
Scorpio Tankers has agreed to acquire Trafigura subsidiaries that have leasehold interests in 19 ships in an all-share transaction worth $803 million, reports Reuters.
Upswing...
Shipping Environmental Efforts All ‘Set to Go’
The maritime industry is moving full steam ahead toward overhauling how ships get their power despite dissent from some vessel owners over the impact...
The New ConTex – Container Ship Time Charter Assessment Index Week 38, 2019
The ConTex (Container Ship Time Charter Assessment Index) has been published by the Hamburg Shipbrokers’ Association (VHSS) since October 2007. In May 2010 the...
2020 Maritime Insights: Issues That Are Likely To Affect the Indusry!
Due to a shortage of trucks in the U.S. and Europe, supply networks are affected around the world and causing backlogs at terminals...
Shell’s Singapore Refinery Loads Its First LSFO Cargo
Royal Dutch Shell (RDSa.L) has loaded the first cargo of low-sulphur fuel oil (LSFO) from its Pulau Bukom refining site in Singapore, reports Reuters.
Rising...
DNV GL Forecasts the Decarbonization Effects, Here’s Where the World Fleet Stands
A new GHG Pathway Model from the latest Maritime Forecast to 2050 report can help the maritime industry to assess and prepare for the...
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