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Four maritime start-ups to watch out for in 2019

16/01/2019

The 2020 global sulphur cap is less than a year away and fuel efficiency is high on the shipping industry’s agenda. Cutting fuel consumption and emissions is vital to meet regulation, remain competitive, and work towards a reduction in overall

What next as MEPC 73 rejects proposal for an IMO 2020 experience building phase?

15/01/2019

Renewed doubts about the implementation of the 2020 sulphur limit, sown by media reports ahead of the 73rd session of the IMO’s Marine Environment Protection Committee, have hopefully been put to bed. But fears regarding the safety of using compliant

Tankers Still Looking for Momentum

14/01/2019

VLCC
In the Middle East Gulf, the market came under renewed downward pressure, with 270,000mt to China fixed five points lower at WS 57. Going west, rates for 280,000mt to the US Gulf were assessed at WS 24.5, basis Cape

Baltic Exchange: New tanker routes commencing Public Trial reporting

12/01/2019

The Baltic Index Council (BIC) has approved moving to Public Trial reporting for five new tanker routes from Monday 7 January 2019.

The five routes had been on private trial since 22 October 2018.

TD22 – VLCC 270,000mt USG/China (Galveston O/S lightering

Bunker delivery note amendments enter into force as sulphur 2020 requirement looms

10/01/2019

Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative mechanisms to address sulphur emission requirements entered into force on 1 January 2019.

The amendment enters into force as the shipping

Cosco Shipping International Says Bunker Supplier’s Debts ‘not Genuine’

10/01/2019

The board of directors of the Company wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that the Company has noticed from media reports that Coastal Oil Singapore Pte Ltd (“Coastal Oil Singapore”) has filed for

Baltic Exchange: Freight Derivative Trade Volumes Up In 2018

09/01/2019

Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market

Nanyang Technological University brings Methanol power to Singapore waters

08/01/2019

The Methanol Institute (MI) is backing a project at Nanyang Technological University (NTU) of Singapore which will be the first evaluation of Methanol as a marine fuel in Asia.

The project consists of two phases, with the first consisting of desktop

Study of ship solar power system now available

08/01/2019

Research paper focused on the analysis of solar power trials on-board the high speed RoRo vessel Blue Star Delos. This paper as published in the Journal of Marine Engineering and Technology is now available via open access via this link:

VLCCs: 2019 Market Trying to Find its Footing

07/01/2019

VLCC
The increase in 2019 Worldscale flat rates led naturally to big changes in the rates fixed. Middle East Gulf to China for 270,000mt fixed at around WS 62.5 to China, while 280,000mt to the US Gulf paid around WS

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