All News

 

Chugoku Marine Paints to supply solvent-free epoxy for MR tanker newbuildings’ water ballast tanks

(Mar 26 2020)

Following many years of extensive prototype trials in field tests, Chugoku Marine Paints, Ltd., (CMP) is ready to launch a new solvent-free epoxy coating that can be applied to water ballast tanks (WBT) with standard application equipment that meets ...



Gasum to supply Preem with renewable maritime fuel

(Mar 26 2020)

Nordic gas sector and energy market expert Gasum has entered into an agreement with Sweden’s largest fuel company Preem to supply their tankers with a new fuel blend consisting of liquefied natural gas and 10 per cent of renewable liquefied biogas.



Republic of the Marshall Islands urges countries to treat seafarers as key transport workers

(Mar 26 2020)

The Republic of the Marshall Islands (RMI), one of the world’s largest maritime registries, with more than 4,700 vessels and nearly 100,000 seafarers serving on RMI-flagged vessels encourages countries to recognize and protect seafarers as key transp...



Better to leave crew onboard than risk catching virus during changeovers, warns Danica boss

(Mar 26 2020)

A crew specialist has urged ship operators to exercise caution when making crew changeovers while the coronavirus outbreak continues to rampage across the globe.



Baltic Briefing Weekly Tanker Report - Week 12, 2020

(Mar 26 2020)

The Baltic Briefing has issued the tanker report for the 12th week of this year.



BIMCO revises 2020 forecast for main shipping markets

(Mar 26 2020)

The coronavirus pandemic is impacting global shipping demand for 2020 negatively.



History’s largest oil glut months away from topping world storage while tanker freight rates explode

(Mar 26 2020)

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10 million barrels per day (bpd).



Tankers not loading in Italy for fears of quarantine

(Mar 19 2020)

Some tanker operators in the "West of Suez" market are declining to load cargoes in Italy, due to risks that they might be asked to "quarantine" when they discharge elsewhere, according to a Platts report.



Tanker market "strongest in decades" - Nordic American

(Mar 19 2020)

In a letter to shareholders, Herbjørn Hansson, Chairman & CEO of Nordic American Tankers, says that the tanker market is the "strongest we have seen in decades".



Tanker rates up 700 per cent - Bloomberg

(Mar 19 2020)

Earnings from benchmark tanker rates jumped 700% the past week to $243,000 a day, according to data from the Baltic Exchange in London, quoted in a Bloomberg article.



Coastal tanker with 190 immigrants grounds in Cyclades, no injuries

(Mar 19 2020)

A coastal tanker with 190 immigrants, mainly young men and 3 crew, ran aground on the island of Kea in the Greek Cyclades on the morning of March 16.



Starlink - what does it mean for shipping communications?

(Mar 19 2020)

Elon Musk’s company SpaceX is in the process of launching 12,000 to 42,000 communications satellites. What might this mean for shipping communications?



Baltic Exchange authorised as benchmark administrator in the EU

(Mar 19 2020)

The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorised by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation.



2019 financial results see robust growth across key metrics and strategy on track

(Mar 19 2020)

PAO Sovcomflot (SCF Group), one of the world leaders in marine energy transportation solutions, has announced its results for the full year to 31 December 2019.



Stolt-Nielsen Limited Board votes to withdraw recommendation of final dividend for 2019

(Mar 19 2020)

The Board of Directors of Stolt-Nielsen Limited (Oslo Børs: SNI), acting in response to uncertainties created by the ongoing coronavirus pandemic, voted to withdraw its previously announced recommendation of a final dividend for 2019 of $0.25 per Com...




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March 2020

Eco-performance, safety, digital Underwater hull cleaning by robot - Where is tanker shipping going based on looking at oil and gas