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UK: Ship Speed Reduction Not the Answer to Cutting Emissions

shipping

Slow shipping is not the answer to cutting emissions from shipping, the UK Chamber of Shipping pointed out. 

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TORM to Equip Ten More Ships with Scrubbers

This brings the total number of planned scrubber installations to 44.

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Euronav Signs LSFO Deal with Malaysian Port of Linggi

Under a service agreement, Malaysia’s Linggi Port will become Euronav's low-sulphur marine fuel supply base.

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Klaveness to Focus on Panamax, Post-Panamax Segment

In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.

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EIB Provides USD 155 Mn for Port of Piraeus Expansion

The first EUR 100 million tranche of the 20-year loan was signed on November 11.

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Maersk's Søren Toft Leaves, Company Looking for New COO

The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.

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MPC Capital Takes Stake in Tanker Specialist Albis

Tanker

Germany's MPC Capital buys a strategic stake of 50 percent in compatriot tanker specialist Albis.

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Port of Ceuta Carries Out First VLSFO Bunkering

Port of Ceuta VLSFO

The Spanish port on the Moroccan side of Strait of Gibraltar is ready for IMO 2020.

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Shipyards, Manufacturers Urge EU to Safeguard Industry

shipyard

European social partners called upon EU policy-makers to adopt a dedicated European industrial strategy.

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MSC Cruises Going Carbon-Neutral

MSC Grandiosa

CO2 emissions from MSC Cruises’ fleet will be offset as of January 1, 2020, the company says.

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Gibson: Tanker Scrapping to Remain Low During Winter

tanker

A lack of demolition activity has been one of the key developments in tanker supply this year.

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Market Uncertainty Causes More Fuel Oil Price Volatility

The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.

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Reducing Ship Speeds Has Multiple Benefits, Study Shows

shipping

Slower ship speeds would massively reduce the damage shipping is causing to human health, nature and the climate.

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S&P Raises Global Ship Lease’s Credit Rating

New charters at favorable rates and extended debt maturities were just some of the factors that led to the upgrade.

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Readers' Picks of the Week

Here are the most-read stories of the previous week.

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World's 1st Hybrid-Powered Cruise Ship Named in Antarctica

Roald Amundsen, the world’s first hybrid electric-powered expedition ship, has been named on Brabant Island.

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Navios Acquisition Confirms VLCC Sale, Inks Charter Deals

The company sold the 2002-built VLCC Nave Electron for a price of USD 25.3 million.

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Maersk Invests in Return Logistics Start-Up ZigZag

ZigZag helps retailers to reduce the cost and complexity of managing returns with its software and functionality.

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Titan LNG Conducts 1st LNG Bunkering in Port of IJmuiden

Dutch LNG supplier Titan LNG has completed the first-ever LNG bunkering at the Port of IJmuiden, North Holland.

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Diana Shipping Shrinks Fleet, Sheds Another Panamax

Including the 2005-built Clio, the company agreed to sell six Panamaxes so far this year.

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Calleya: Sulphur Cap Is a Very Hard Deadline, No Exceptions

A fuel oil non-availability report exists, however, "this is intended for temporary purposes only," Calleya said.

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PSA Wants to Grow DCT Gdansk's Capacity to 7 Mn TEUs

PSA International has unveiled an ambition to grow capacity at DCT Gdansk to 7 million.

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Port of Hamburg Preps for 23,000+ TEU Boxships

Hamburg

Port of Hamburg receives three new gantry cranes to be able to handle 23,000 TEU+ containerships.

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Scorpio Tankers Shrinks Loss as Vessel Revenues Rise

Net loss was at USD 45.3 million, compared to USD 71.7 million seen in the third quarter of 2018.

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Wes Amelie to Become 1st Ship Running on SNG

The container vessel Wes Amelie will be the first ship partially running on synthetic natural gas.

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Hafnia to Collect USD 230 Mn from Oslo Pre-Listing Offering

The offering price was set at NOK 25,45 (USD 2,77) per share.

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Lithuania's KN Looking to Buy FSRU Independence

The company intends to agree financing for the acquisition of FSRU Independence by the end of April 2020.

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