23 MAR 2019 Japanese transport group NYK has secured a ¥9bn ($81m) syndicated ‘green’ loan, supported by eight domestic financial institutions for the installation of scrubber systems on its vessels. And Hyundai Merchant Marine said it had signed a MoU to establish a ‘win-win fund’ for scrubber installation, with five …
Read More »23 MAR 2019 Confidence in the shipping industry has risen in the last three months despite ongoing geopolitical uncertainty, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. The average confidence level rose to 6.2 out of maximum score of 10.0 this quarter compared to …
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22 MAR 2019 ABS has released a detailed report on a worldwide ship owner workshop series on ballast water treatment systems. Anecdotal reports of BWTS challenges have circulated for some time, but the report provides detailed insight from ship owners about the specific nature of these issues – and the best …
Read More »23 MAR 2019 Research led by the University of Southampton suggests that rogue waves are occurring less often, but becoming more extreme. Waves are classed as rogue when they are over twice the height of the average sea state around them. From trough to peak, past observations have put some …
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22 MAR 2019 The International Chamber of Shipping (ICS) has published the latest update of its Flag State Performance Table. The annual update, which is also supported by the Asian Ship owners’ Association (ASA) and the European Community Ship owners’ Associations (ECSA), provides an indication of the performance of individual …
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21 MAR 2019 Early Wednesday (20TH march) morning, a small tanker caught fire off the coast of Odong Island, South Korea, killing two and injuring one. The fire broke out at 0538 hours at a position about two nm to the east of Odong. Four Good Samaritan vessels, a military …
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