All News

 

Tanker rates hit new heights

(Oct 18 2019)

Last week Clarkson Research cross-sector earnings index, ClarkSea, recorded its biggest ever weekly percentage move.



Iranian Suezmax attack - insurance implications

(Oct 18 2019)

Amidst heightened tensions in the Middle East, an Iranian Suezmax was damaged by an alleged rocket attack later last week in the Red Sea.



Ballast Water Convention amendments enter into force

(Oct 18 2019)

Amendments to the IMO’s BWM Convention entered into force on 13th October, 2019.



Maritime piracy incidents fall

(Oct 18 2019)

In the first nine months of this year, fewer incidents of piracy and armed robbery against ships were recorded than the corresponding period of 2018.



Wärtsilä to service Norsepower’s Rotor Sails

(Oct 18 2019)

Wärtsilä and wind propulsion system provider, Norsepower, have signed a service co-operation agreement.



Ship registries to be transformed

(Oct 18 2019)

The Singapore Shipping Association (SSA) is working with the International Chamber of Commerce (ICC) and Singapore tech startup Perlin, to build a digital blockchain ship registration preparation system for international adoption.



Castrol explains the ‘new norm’

(Oct 18 2019)

Lubricants supplier, Castrol has advised the shipping industry to expect a period of ‘new normal’.



onlineSTS.net welcomes new members and partners

(Oct 18 2019)

Towards the end of the third quarter of this year, four new members joined DYNAMARINe’s online STS family.



South Africa’s first chemical tanker

(Oct 18 2019)

Nduna Maritime and Sasol have entered into a R400 mill enterprise and supplier development (ESD) funding agreement through the Sasol Siyakha Trust, to operate a chemical tanker.



Markets - Calm after the storm

(Oct 18 2019)

Following rates yielding up to $300,000 per day, owners were brought back to earth this week, as everything negotiated at above WS205 ($200,000per day) failed on subjects.



Markets - Recycling - Buyers resist higher levels

(Oct 18 2019)

After a brief spike in the markets, there now appears to be renewed resistance from local recyclers to improve price offers any further.



Another USCG BWTS type approval

(Oct 18 2019)

The US Coast Guard’ Marine Safety Centre has issued a Ballast Water Management System type approval certificate to Hyundai Heavy Industries.



Britannia returns funds - moves away from general increase

(Oct 18 2019)

The Britannia Steam Ship Insurance Association has declared a $15 mill capital distribution to its mutual members.



Marlink extends relationship with Intelsat

(Oct 18 2019)

Marlink has agreed a multi-year renewal and expansion of its partnership with Intelsat to provide broadband services to vessels worldwide.



ChartCo enlarges Rotterdam base

(Oct 18 2019)

ChartCo is expanding its Rotterdam operation by relocating from Driemanssteeweg 200 to Parmentierplein 20.




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Jul-Aug 19

Greece, alarm fatigue, Fujairah explosions, scrubbers, tank cleaning