matrix_admin

/Matrix Owner

About Matrix Owner

This author has not yet filled in any details.
So far Matrix Owner has created 166 blog entries.

Wärtsilä VER system saves oil tanker cargo losses, fuel costs, and the environment

The technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly aiding the environment through reduced emissions. The system effectively eliminates the problem of volatile organic compound (VOC) emissions from tankers during laden voyages. VOC’s are organic chemicals having a high vapour pressure [...]

By | December 5th, 2017|News|0 Comments

VLCC Tanker Market Could Rally Until The Holidays, But Rising Trend Not Sustainable

Despite the weakened market sentiment in the VLCC tanker market, things could perk up in the coming weeks, before they “die down” again by the start of next year and into the first quarter of the new year. In its latest weekly report, shipbroker and tanker market specialist Charles R. Weber noted that “VLCC rate [...]

By | December 5th, 2017|News|0 Comments

Strategic Agreement between Total and CMA CGM on Liquefied Natural Gas Fuel Supply for CMA CGM New Build Container Ships

Total and CMA CGM have signed an agreement covering the supply of around 300,000 tons of liquefied natural gas (LNG) a year for 10 years starting in 2020. This unprecedented volume in the history of LNG bunker will fuel CMA CGM’s nine newbuild container ships, scheduled for delivery beginning 2020 onwards. CMA CGM, the first [...]

By | December 5th, 2017|News|0 Comments

Malaysia re-elected to IMO again

Malaysia has been re-elected to the Council of the International Maritime Organisa­tion (IMO) for the seventh consecutive term since its first election in 2006. Transport Minister Datuk Seri Liow Tiong Lai said Malaysia’s success in retaining the seat for the 2018-2019 term was recognition by IMO member states of its contributions to the organisation. The [...]

By | December 4th, 2017|News|0 Comments

Russian bunker MGO hits over two-year high on tight supply

Marine gasoil (MGO) at the Russian ports of Novorossiisk and St Petersburg reached over two-year highs Thursday on tight supply. S&P Global Platts assessed MGO at Novorossiisk at $615/mt delivered Thursday, up $35/mt on the day, its highest value since January 6, 2015. MGO at St Petersburg was assessed at $565/mt delivered, up $23/mt, its [...]

By | December 4th, 2017|News|0 Comments

Tanker Market to Keep Suffering from Dip in Venezuelan Oil Exports

In its latest weekly report, shipbroker Gibson said that “for those of us, who are involved in the tanker market, interest in Venezuela is not just a case of mere curiosity but also a prudent necessity, considering the importance of the country’s oil industry for tanker demand. The frequency, with which Venezuela appears in the [...]

By | December 4th, 2017|News|0 Comments

Kuwait oil tanker singled out for mammoth maritime rescue operation

The International Maritime Organization (IMO) has presented Kuwait Oil Tanker Company (KOTC) with a special certificate in recognition of the role its vessel played in one of the largest peacetime maritime rescue operations in history. The oil tanker Al Salami in 2014 played a key role in the rescue of 536 refugees in international waters, [...]

By | December 4th, 2017|News|0 Comments

Launch of new shipping line likely to rebalance Tunisia’s foreign trade: official

The launch of a new shipping line between Tunisia and China will help Tunisia recover its regional positioning and enhance China’s presence in African continent, Tunisian authorities and locally-based foreign investors said. The Spanish company Transglory has just inaugurated a new maritime trade line linking Tunisian Rades port and Chinese Qingdao port in the northern [...]

By | December 4th, 2017|News|0 Comments

Peru to be short 0.5pc sulphur bunkers in 2020

Peru may not be prepared to accommodate demand for 0.5pc sulphur marine fuel starting in January 2020. An International Maritime Organization (IMO) marine fuel regulation will reduce the maximum sulphur content of marine fuels burned in international waters from 3.5pc down to 0.5pc beginning in January 2020. The sulphur content of residual fuel oil produced [...]

By | December 2nd, 2017|News|0 Comments

Login


Username
Create an Account!
Password
Forgot Password? (close)

Create an Account!


Username
Email
Password
Confirm Password
Want to Login? (close)

forgot password?


Username or Email
(close)