Liquid air energy storage and regeneration plant 18 AUG 2020 In the area of renewable energy vessel propulsion, the scale of maritime vessel technology allows for application of grid-scale energy storage technologies that would otherwise be impractical for road or rail vehicle propulsion. Initiatives are underway in the UK to …
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17 AUG 2020 The situation at the grounded bulk carrier Wakashio started to deteriorate overnight on Friday, August 14, and on Saturday, August 15 the end came when the 203,000 DWT Panama flagged bulk carrier broke apart. The drama had begun three weeks earlier when the ship sailing from China to Brazil …
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16 AUG 2020 The Singaporean oil and shipping magnate Lim Oon Kuin – better known as OK Lim – has been charged with “abetment of forgery for the purpose of cheating” in connection with an allegedly fraudulent trade financing transaction. According to prosecutors, OK Lim instructed a contracts executive at …
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15 AUG 2020 In one of the more unusual groundig incidents, a Vietnamese-flagged cargo ship went aground in the Philippines today (13th Aug). The Philippine Coast Guard responded to the scene of the accident and reported that their investigators were told, “According to Captain Nguyen Hoai, skipper of MV Globe 6, …
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14 AUG 2020 The installation of scrubbers and the economics of using this technology was one of the hottest topics in the shipping industry in the lead up to the January 1, 2020 introduction of the International Maritime Organization’s (IMO) global sulfur regulations. The containership industry as of mid-year became …
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13 AUG 2020 This year, SCF’s LNG carrier Christophe de Margerie completed an early eastbound voyage along the North Sea Route. What is your assessment of this voyage? What difficulties arose during the voyage? Do you plan similar early voyages in the future? In the eastern sector of the NSR, …
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12 AUG 2020 In the latest salvo of the ongoing disputes regarding the shipment of Iranian oil, there are reports that Iranian Naval forces approached several vessels and boarded a Liberian-flagged tanker Wila as it was approaching the Khor Fakkan anchorage in the UAE. The marine security firm Dryad Global reported the …
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10 AUG 2020 Singapore’s OCBC Bank has sought a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries. Xihe Holdings is part of the troubled Singapore-based Lim family business empire, which also includes oil trader Hin Leong Trading and fleet manager Ocean Tankers (Pte) …
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09 AUG 2020 The economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO. While the orderbook is at its lowest point in 17 years, BIMCO however reports that even with increasing demolitions fleet volumes are continuing to rise …
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8 AUGUST 2020 The Lebanese capital Beirut was rocked on Tuesday evening local time by an explosion that has killed at least 78 people and injured thousands more. The country’s prime minister Hassan Diab said the blast was caused by around 2,700 tonnes of ammonium nitrate stored near the city’s cargo port. …
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