28 april 2019 The IMO MEPC 73 meeting last October ended all speculation about a potential delay in the implementation of the 0.5 percent 2020 global sulfur cap. It’s full steam ahead, regardless of the issues that continue to cause debate in the industry. “Put simply, scrubbers look like a …

27 april 2019 The Libyan Government of National Accord (GNA) has inspected and may have detained a sanctioned Iranian merchant vessel off Misrata. The container ship Shahr E Kord, which the U.S. Treasury has sanctioned for connections to the Islamic Republic of Iran Shipping Lines (IRISL), was detained by GNA …

The Panama-flagged bulk carrier Glory Amsterdam aground off Germany on October 30, 2017. 26 APR 2019 Despite no reported losses in 2018, cargo liquefaction continues to pose a major threat to bulk carriers and their crews, according to bulk shipping association InterCargo. The warning from Intercargo comes as it releases …

26 APRIL 2019 The Japanese carrier Ocean Network Express, better known as ONE, announced Friday that it sustained a loss of $586 million for its first full year in operation. The magenta-branded operator manages the merged container fleets and ocean freight businesses of NYK, MOL and K Line, and its launch …

25 APRRIL 2019 Over the past decade, the shipping industry has witnessed an increasing trend towards shore-based roles where many experienced personnel, particularly chief engineers, are looking to bring their technical skills from the ship to the office and become tomorrow’s superintendents or fleet managers. However, Tony Browne, Course Director …

24 APRIL 2019 Wallenius and Swedish Orient Line have teamed up to launch a new shipping company focussing on the eco-friendly transport of forestry products and other goods in the Baltic Sea region for Finnish and Swedish industrial customers. The new company, called WALLENIUS SOL, kicked off operations 21 April …

23 APRIL 2019 Demand for the shipping industry’s main fuel is widely expected to collapse like never before in 2020, so it might come as a surprise that its value is soaring. High-sulfur fuel oil at the Dutch port of Rotterdam in January is now trading at about $16 a …

23 APR 2019 The Nature Conservancy (TNC) has unveiled what it says is a pioneering US$1.6 billion scheme to scale up global ocean conservation efforts through “blue bonds”. The bonds will refinance and restructure debt for coastal and island countries in exchange for a commitment to protect at least 30% …

22 APRIL 2019 Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported. The United States will fail to …

21 apr 2019 On Sunday, two fishing vessels were attacked by pirates off the coast of Somalia. The attempted boardings were both thwarted, but security officials said that they represent a reminder that antipiracy measures are still required when transiting the high-risk area off Somalia.  According to EUNAVFOR, the fishing …