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Container terminal utilisation rates to rise and “big seven” premier league of operators emerges

01/08/2019

The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilisation, according

KR launches KR GEARs for GHG emission data management and Ship Implementation Plans

01/08/2019

The Korean Register (KR) has established a new greenhouse gas (GHG) online data management system KR GEARs (GHG Emission Authentic Reporting System). The new service will help shipowners to comply with GHG regulations (EU MRV, IMO DCS).

KR GEARs supports data

Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls

31/07/2019

The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships, vehicle carriers, dry bulk carriers, tankers, chemical carriers, LPG and LNG vessels, passenger vessels and small vessels. The proposed

Dual Ships Pass Dual-Fuel Methanol Milestone

31/07/2019

Marinvest, the Swedish ship-management company, has announced that its ‘Mari Jone' and ‘Mari Boyle', two of the first vessels powered by dual-fuel ME-LGI (-Liquid Gas Injection Methanol) engines operating on methanol, have each passed 10,000 operating hours on the alternative

Intercontinental Exchange Launches Further Marine Fuel Contracts in Advance of IMO 2020

30/07/2019

Intercontinental Exchange, Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today launched a further nine Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap

Tankers: VLCC Market Still Under Pressure

29/07/2019

VLCC
Rates for 270,000mt Middle East Gulf to China lost a point to WS 42.5 with talk of KPC fixing ‘east’ at WS 40.5. The assessment for 280,000mt Middle East Gulf to the US Gulf, basis Cape to Cape remains

MARPOL annex VI – Sulphur Cap 2020 – Tank cleaning guidance

27/07/2019

The majority of ships are expected to use distillate fuel 0.50% sulphur limit taking effect on 1 January 2020. Most of these ships will have been using high viscosity High Sulphur Fuel Oil (HSFO) based primarily on residual fuel oils.

Such

Qatargas delivers first Q-Flex LNG cargo to Greece’s Revithoussa Terminal

24/07/2019

Qatargas Operating Company Limited (Qatargas) has safely and successfully delivered the first cargo of Liquefied Natural Gas (LNG) on a Q-Flex vessel to Greece's Revithoussa LNG Terminal. This is for the first time that a Q-Flex LNG vessel has called

The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

24/07/2019

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the

VLCC Tankers Fall Amid Reduced Bunker Costs

22/07/2019

VLCC
Rates for 270,000mt Middle East Gulf to China slipped to WS 43.5, down two points. However, with a $50/mt fall in bunker prices over the week, earnings have remained flat. The assessment for 280,000mt Middle East Gulf to US

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