The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulphur in marine fuel in 2020, officials with the UN’s shipping agency said on Tuesday. “I can categorically say there will not be a delay,” said Edmund Hughes, the head of air pollution and...
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Nigeria vows to free sailors from Swiss pirate attack ship
Nigerian authorities on Monday said they were working to find and free 12 crew members of a Swiss-registered cargo ship who were kidnapped by sea pirates at the weekend. The Nigerian Maritime Administration and Safety Agency (NIMASA) said it had “commenced search (and) rescue operations” for the...
https://www.hellenicshippingnews.com/nigeria-vows-to-free-sailors-from-swiss-pirate-attack-ship/
Vinalines to build 2 terminals at $299 mln in Lach Huyen Port
Vinalines is seeking approval from the government for building two container terminals at Lach Huyen Port in northern Hai Phong City. Nguyen Canh Tinh, director of the state-run Vietnam National Shipping Lines (Vinalines), said its subsidiary, Haiphong Port JSC, would build terminals No.3 and No.4...
https://www.hellenicshippingnews.com/vinalines-to-build-2-terminals-at-299-mln-in-lach-huyen-port/
Nigeria Piracy Attack: MV Glarus update
Massoel Shipping, Managers of Bulk carrier MV Glarus, attacked by pirates off Bonny, Nigeria on September 22, confirm that contact has now been made with those holding 12 crew members hostage. It is understood that all his crew are together and all are well and unharmed. The MV Glarus is now safely...
https://www.hellenicshippingnews.com/nigeria-piracy-attack-mv-glarus-update/
Iranian Oil Tankers Go Dark With 1 1/2 Months to Go to Sanctions
Iran’s oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the country’s exports, making it harder to keep track of the nation’s sales. No signals have been received by shore stations or satellites from 10...
MCA warns of the hazards of an accidental CO2 release onboard ships
The UK Maritime Coastguard Agency (MCA) has released ‘Safety Bulletin 12 – Accidental CO2 releases onboard 2 UK Merchant Vessels’, which was issued in September 2018. The bulletin was produced in response to two serious and potentially fatal accidental CO2 releases on UK flagged ships in the last...
Japan’s Cosmo Oil replaces Iran oil with other Mideast supplies
Japanese refiner Cosmo Oil has replaced its Iranian crude oil imports with supplies from other Middle Eastern producers ahead of U.S. sanctions on Iran in November, top company executives said. Refiners in Japan, the world’s fourth largest crude oil importer, halted oil imports from Iran in...
https://www.hellenicshippingnews.com/japans-cosmo-oil-replaces-iran-oil-with-other-mideast-supplies/
Chinese state-owned marine builder says to work with Singapore trader to buy fuel
The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel. Marine Construction & Development Co (MCD), which is involved in major infrastructure...
Intermodal Weekly Market Report Week 38 2018 Broker’s Insight
Despite the fact that the dry bulk SnP market saw an admittedly busy summer season, there is a noticeable slowdown in activity during the Source: Intermodal Shipbrokers Co
https://www.hellenicshippingnews.com/intermodal-weekly-market-report-week-38-2018-brokers-insight/
WFW advises Teekay Tankers on sale-leaseback of six Aframax tankers
Watson Farley & Williams (“WFW”) has advised long-standing client Teekay Tankers Ltd. (”Teekay Tankers”) on the sale-and-leaseback for six Aframax tankers, improving its net liquidity position by US$60m after the repayment of outstanding related debt. As part of the financing, one of a range of...