The Maritime and Port Authority of Singapore has begun acceptance tests to roll out mass flow meters on bunker tankers for the delivery of distillates, with the first test completed last month, the MPA said Wednesday. “The first test was successfully completed in September 2018 and MPA is working...
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Shell announces supply ports for new 0.5% sulfur marine fuels
Global producer Shell has announced supply locations for new 0.5% sulfur marine fuels to be used after the International Maritime Organization’s limit drops to that level in 2020. The company will make the new fuels available at Freeport, New Orleans and Houston in the Americas and Rotterdam,...
https://www.hellenicshippingnews.com/shell-announces-supply-ports-for-new-0-5-sulfur-marine-fuels/
UK sanctions post-Brexit
The UK currently imposes sanctions via the powers contained in the European Communities Act 1972. This Act provides for the incorporation of all European Community law, and its Treaties, Regulations and Directives into UK law. This is, however, due to change as a result of the European Union...
https://www.hellenicshippingnews.com/uk-sanctions-post-brexit/
Scorpio Bulkers Inc. Announces a Commitment for a New Loan Facility
Scorpio Bulkers Inc. announced that the Company has received a commitment from Nordea Bank Abp, acting through its New York branch, and DVB Bank SE for a loan facility of up to $90.0 million. The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk …
Vroon sells MPI Offshore to Van Oord
Vroon Group has completed the sale of MPI Offshore to Van Oord. Van Oord has acquired the MPI office organisation in Stokesley (UK), the vessels MPI Adventure and MPI Resolution, and associated crew. A total of hundred people, both office staff and crew, will be joining the Van Oord UK...
https://www.hellenicshippingnews.com/vroon-sells-mpi-offshore-to-van-oord-2/
Fujairah data: Oil product stocks rise 17% on week on light distillate inventory jump
Oil product stocks in the Middle Eastern hub of Fujairah surged 17% on the week to 19.272 million barrels in the week to Monday, according to the Fujairah Energy Data Committee. The biggest rise was in light distillate stocks, which rose 26.1% to a three-month high of 7.432 million barrels. “Steady...
Cleaner shipping fuel regulation presents opportunities for Middle East ports
Nineteen months. That is how long the world’s oil and shipping markets have left to adjust to the International Maritime Organisation’s (IMO) ruling to reduce the sulphur cap from 3.5% to 0.5% at the start of 2020. The change will be immense for the shipping, refining and trading industry but could...
GC Rieber Shipping: New charter agreement for the Polar Queen
GC Rieber Shipping has entered into a time charter agreement with a Tier 1 client for the offshore construction vessel Polar Queen. The charter holds two firm periods, one period of 45 days plus options with commencement of operations shortly, and one period of 50 days with commencement in February...
https://www.hellenicshippingnews.com/gc-rieber-shipping-new-charter-agreement-for-the-polar-queen/
Tug & Barge Solutions brings 100th vessel under management with Helm CONNECT
Less than two years since it began helping tug and barge operator Ivy Marine become one of the first companies to achieve compliance with new Subchapter M rules, Alabama-based Tug and Barge Solutions (TBS) announced today that more than 100 vessels now use the company’s Towing Safety Management...
Asia scrambles for West African oil before U.S. sanctions hit Iran
Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to Iranian crude before U.S. sanctions take effect on Nov. 4. Loadings for Asia will rise to 2.52 million barrels per day (bpd) in October, equivalent to 75 percent of...