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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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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06 AUG 2020 A series of two massive blasts at the port of Beirut, Lebanon caused extensive damage Tuesday, leveling multiple buildings and damaging vessels. Bystander video shows that the both blasts originated in a warehouse complex on the east side of the port’s large concrete silo, next to Basin Number …
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05 AUG 2020 The International Maritime Organization (IMO) released the long-awaited 575-page final report for its Fourth IMO Greenhouse Gas Study. Coming six years after the third report, the results are viewed as a critical scorecard measuring the success of the shipping industry towards the goals of reducing greenhouse gas …
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