The transition of the global shipping industry to fuels compliant with the IMO 2020 sulphur cap seems to be running smoothly with marginal non-compliance issues. According to the Port of Singapore, the world’s largest bunker hub and one of the largest trading hubs in the world, about 96% of the ship
Greek tanker owner and operator TOP Ships has acquired a 50 per cent interest in two companies that own two ultra-high specification scrubber-fitted 50,000 dwt eco MR product tanker newbuilds.
South Korean shipping major HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The HMM Algeciras, described as the world’s largest boxship, was named at Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo shipyard in Geoje, Korea. The ceremony was presided by th
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan
Crowley Fuels LLC, wholesale fuel transportation and sales division of US-based Crowley Maritime, took delivery of its new Alaska Class 100,000-barrel, articulated tug-barge (ATB) from Bollinger Shipyards. The vessel will be used to transport multiple clean petroleum products for the Alaska market a
The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the global measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billion in the same period l
The ultra-violet light technology used to kill the invasive species found in ships’ ballast water tanks can be used to protect seafarers, health workers, and first-responders from picking up the coronavirus from surfaces, French BIO-UV Group claims. The company said that it was readying a surface di
French provider of UV-based water treatment technology BIO-UV Group has received IMO & USCG type approval for its next-generation low flow rate ballast water treatment system range. The BIO-SEA L Easy-to-Fit system had to undergo new type approval testing as it incorporates a completely new UV-react
Oslo-listed shipowner Stolt-Nielsen is looking for ways to cut expenditures during the pandemic and is planning to cancel scrubber retrofits on its tankers where it is possible, the company’s CEO Niels Stolt-Nielsen said. As such, the chemical carrier and tank terminal owner has identified up to $30
Houlder, a London-based design & engineering consultancy for the marine, energy and defence markets, has commenced work in partnership with PMW Technology on a study to evaluate the potential marine applications of carbon capture technology. PMW Technology is among the latest organisations to receiv
Due to the ongoing disruptions caused by the COVID-19 pandemic, the United States Coast Guard has given owners more time to meet the Ballast Water Management Regulation for vessels with compliance dates before April 1, 2021. Specifically, closed drydocks, travel restrictions in many parts of the wor
There are approximately 4,000 ships fitted or about to be fitted with a scrubber.
Sea-Intelligence: The low-sulphur premium dropped from a 300 USD/ton to 60 USD/ton.
Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a resale.
