French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading fast and is likely to wash ashore. An inflatable boom has now been deployed around the accident site off Corsica where the roro Ulysse collided with the anchored boxship on...
https://splash247.com/fears-grow-oil-will-wash-ashore-from-med-collision/
Italian and French experts are on the scene in the Mediterranean fighting a major oil spill. Two cargo ships collided near the island of Corsica on Sunday afternoon, causing a leak of some 600 cu m of fuel, according to the local coast guard in Italy. The vessels involved in the accident are the...
https://splash247.com/fight-to-contain-big-spill-in-the-med/
Hunter Maritime Acquisition Corporation, a special purpose acquisition company focused on the international maritime shipping industry, has entered into a definitive agreement to complete a business combination with NCF Wealth Holdings, a Chinese fintech company. The company has established a...
https://splash247.com/hunter-maritime-to-merge-with-chinese-fintech-company/
While the general picture about seafarer happiness might be better than two years ago at the nadir of the markets, there will always be bad shipowners out there, according to the secretary general of charity Mission to Seafarers. Andrew Wright, who has headed up the mission since 2013, tells...
https://splash247.com/mission-to-seafarers-there-will-always-be-bad-owners/
Ishaan Hemnani from BunkerEx has investigated where existing 3.5% HSFO bunker demand will go, how this will be replaced and what this means for prices. The future cost of 3.5% HSFO could go as low as $220 per metric ton. The only markets left for 3.5% HSFO are power generation, which currently uses...
The strong rebound of sale and purchase activity in the previous week did not continue this week, despite the chartering market showing a notable pick up across most sectors. It is believed that the market is still in the process of shifting fundamentals and investors are re-evaluating their...
https://splash247.com/weekly-broker-prices-jump-on-renewed-chartering-optimism/
Ship repair coordinator Newport Shipping Group has made a clever move ahead og the global sulphur cap, purchasing 100 scrubbers with options for an additional 100 units from Chinese scrubber manufacturer Weihai Puyi Marine Environmental Technology Co (Puyier). The bulk purchase of scrubbers, which...
https://splash247.com/newport-takes-scrubber-gamble-with-up-to-200-units-ordered/
At the Global Maritime Forum in Hong Kong today 34 CEOs from some of the largest shipping organisations in the world signed up to a pledge to get the industry moving faster towards decarbonisation. The group, which features the likes of Cargill, Trafigura, Maersk and Euronav, have set out to lead...
https://splash247.com/shipping-titans-embark-on-voyage-to-decarbonise-shipping/
Intercargo, the dry bulk owners’ association, has taken a veiled swipe at the Marshall Islands over its slowness in revealing details into the sinking of the in March 2017. The VLOC, belonging to Polaris Shipping of South Korea, sank in the South Atlantic 18 months ago with the loss of 22 lives,...
A small general cargo ship belonging to Taiwan’s Elite Marine Transportation sank yesterday off the southwest of the island and authorities are warning ships in the area to look out for floating containers south of the Penghu archipelago. The ship, , developed a heavy starboard list on Tuesday...