- Fledgling demand will have a major impact on total volumes needed, while global oil and petrochemical production is expected to increase slightly.
- The current roller-coaster situation in oil, gas and commodities in general, is putting pressure on the maritime sectors overall.
- The analysis shows that in absence of large changes in current policies, it is still too early to expect a rapid decline in oil demand.
- At the same time, demand for oil products (petrochemicals, fuels), more than 6...
In a press release by MAN Energy Solutions, MAN PrimeServ, MAN Energy Solutions’ after-sales division, has announced the successful conversion of the main engine aboard the LPG carrier, ‘BW Gemini’, from a MAN B&W 6G60ME-C9.2 type to a MAN B&W 6G60ME- LGIP dual-fuel type capable of operating on fuel oil and LPG. The BW Gemini is part of the fleet of Oslo-listed BW LPG – the world’s leading owner and operator of LPG vessels.
The successful conversion – and the start of gas and sea trials...
- The IMO 2020 regulations, along with the promise of further mandates down the line, are pushing ship designs forward.
- With the IMO 2020 regulations now in place and future regulations in the pipeline, shipbuilders and ship purchasers alike are planning ahead for a future.
- Reducing the environmental impact of shipping is urgent: according to the Clean Shipping Coalition, a global environmental coalition exclusively dedicated to shipping.
- It is imperative that ship owners in particular take...
The Baltic Briefing has issued the tanker report for the 43rdweek of this year. The report dated 23rdOctober 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.VLCC
Rates were flat this week on most of the routes in this sector.
- 280,000mt to USG via the Cape/Cape routing remains assessed at a shade above WS17.
- 270,000mt to China remains steadfast at around WS29 level.
- In the Atlantic, rates for 260,000mt West Africa to China remain...
- Shipping experts updated the industry on upcoming IMO and regional emissions regulations at Riviera’s Maritime Air Pollution, Europe, virtual conference.
- Panellists said shipping will need to invest in technology to reduce carbon intensity as well as adopt alternative fuels to meet IMO’s ambitious environmental goals.
- IMO wants to reduce carbon intensity by 70% and greenhouse gas emissions by 50% from 2008 levels by 2050.
Martyn Wingrove writes about lowering carbon intensity and adding...
- The International Chamber of Shipping (ICS) welcomes the comprehensive package of additional CO2 reduction measures for the existing global fleet.
- It agreed by an overwhelming number of governments from across the world after an intensive week-long virtual meeting at the UN International Maritime Organization (IMO).
- The agreement includes legally binding measures to ensure a 40% reduction of carbon intensity across the global fleet by 2030, compared to 2008.
- And it is a key stepping stone in...
- Two Brazilian pilots will receive the 2020 IMO Award for Exceptional Bravery at Sea.
- They averted an environmental disaster and an officer from the Philippines who ensured the survival of fellow passengers from a sinking vessel while off-duty.
- The annual award provides international recognition for those who, at the risk of losing their own life, perform acts of exceptional bravery to save life at sea.
- Such acts of bravery may also involve extraordinary skills in very difficult conditions or...
- Starting January 2021, the International Maritime Organization (IMO) requires vessels to be cybersecurity compliant in international waters and everywhere they go in the world.
- Flag states will ultimately be in charge of putting in place regulations for their country or flag state and will be enforcing those regulations on their inspections of the vessels.
- This opens up new business opportunities globally for cybersecurity companies to cooperate with known providers in the marine industry.
Singapore based Eastern Pacific Shipping wins dual fuelled ethane carrier deal as US-China trades rise, reports Lloyd’s List.Ethane carrier deal
EASTERN Pacific, the Singapore-based shipmanagement company won a bid to build and operate four VLECs.
The company will build and operate four 98,000 cu m very large ethane carriers for a Chinese petrochemical company that is about to start shipping regular cargoes of the refrigerated gas from the US Gulf.China’s export dominance
The 15-year deal with...
- Greek authorities on Wednesday arrested the captain of a Portuguese-flagged cargo ship that collided with a Greek navy minehunter outside the country’s main port of Piraeus.
- The captain of the container vessel was arrested for alleged violations of the Greek penal code and of the International Regulations for the Prevention of Collisions at Sea.
- The Kallisto, a British-built vessel capable of sweeping and hunting mines, was cut in two in Tuesday’s collision, with much of its stern severed.