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India: Fertiliser transport to get a boost as licence norms for foreign vessels eased

In a move aimed at benefitting farmers and removing transport bottlenecks for fertilisers, the government has done away with the licensing permits for foreign vessels transporting fertilisers. The development assumes significance as a study under the government’s Sagarmala project indicates that movement of 6-7 million tonne per annum (MTPA) of fertilisers via coastal shipping will [...]

By | 2018-07-03T04:08:04+00:00 July 3rd, 2018|News|0 Comments

Q3 Tanker Outlook: Americas clean owners’ hopes of exiting doldrums to be dashed

Americas clean tanker markets are expected to remain in the doldrums inthe third quarter of 2018. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now An abundance of tonnage not seen since Medium Range tankers stacked upoutside US Gulf Coast refinery terminals-post Hurricane Harvey in September2017 is expected to far [...]

By | 2018-07-03T04:05:04+00:00 July 3rd, 2018|News|0 Comments

Reducing CO2 Emissions to Zero: ICS Publishes New Insight into the ‘Paris Agreement for Shipping’

The International Chamber of Shipping (ICS) has launched a new publication to endorse the recent adoption by the UN International Maritime Organization (IMO) of its ambitious strategy for phasing-out CO2 emissions from the international shipping sector – a historic agreement which the global industry, as represented by ICS, fully supports. Reducing CO2 Emissions to Zero [...]

By | 2018-07-03T04:03:18+00:00 July 3rd, 2018|News|0 Comments

Computer-based training for Alfa Laval PureBallast 3 will benefit in securing compliance and crew competence

Lack of crew knowledge is not a valid reason for non-compliance in ballast water treatment. This is clear from statements made by the U.S. Coast Guard (USCG) and is also suggested by the IMO Ballast Water Management (BWM) Convention guidelines. To help customers manage the challenge of keeping crews updated and trained, Alfa Laval is [...]

By | 2018-07-02T08:18:11+00:00 July 2nd, 2018|News|0 Comments

Tankers: Baltic Index Weekly Report

VLCC Limited enquiry in the ME Gulf saw rates ease three points with Unipec taking ‘Leonidas’ at WS 54.5 for China, while Formosa paid WS 52 to Taiwan all basis 270,000mt and the market remains under downward pressure. For US Gulf discharge, rates for 280,000mt also fell to around WS 21.5 Cape/Cape. In West Africa, [...]

By | 2018-07-02T04:05:10+00:00 July 2nd, 2018|News|0 Comments

Dry Bulk Market: Capesize Index Drifts

Capesize The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end of the week to better levels as more cargo was quoting in both the Pacific and Atlantic. Ore movements from West Australia were being fixed at around $7.20 level before [...]

By | 2018-07-02T04:02:59+00:00 July 2nd, 2018|News|0 Comments

VLCCs “Eating Up” Product Tankers’ Cargoes

As “slim pickings” is the norm in the wet markets this year, competition for cargoes in beginning to emerge across various classes and even between dirty and clean tankers. In its latest weekly report, shipbroker Gibson said that “it’s not unusual for newbuild crude tankers to carry clean cargoes on their maiden voyage. However, with [...]

By | 2018-07-02T04:00:57+00:00 July 2nd, 2018|News|0 Comments

Bunkers: Global fuel market is looking for the new drivers

World oil indexes have turned into upward direction: the OPEC meeting on June 22 resulted in OPEC agreeing to increase production to get back to agreed upon levels, which is about 1 mil-lion barrels per day (bpd) more than the cartel produced in May, when compliance to the quota was about 150%. The decision likely [...]

By | 2018-07-02T03:56:45+00:00 July 2nd, 2018|News|0 Comments

Hapag-Lloyd Profit Warning Drags Down Shipping Sector Stocks

Shares of German shipping line Hapag-Lloyd AG plunged as much as 22 percent after the company cut its profit forecast for the year, as overcapacity in the industry combined with rising fuel costs to put a squeeze on profit. Danish rival A.P. Moller-Maersk A/S also fell on Hapag-Lloyd’s surprise profit warning. Container-shipping capacity has been [...]

By | 2018-07-02T03:50:42+00:00 July 2nd, 2018|News|0 Comments

Singapore Jul ex-wharf 380 CST bunker fuel term inked at MOPS plus $5-$6.50/mt

Singapore ex-wharf 380 CST bunker fuel term contracts for July were inked at premiums of $5-$6.50/mt over the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, while latest offers have now risen to $6.50-$7.50/mt, trade sources said this week. Discussion levels were higher than June terms inked at plus $3-$4/mt, owing to [...]

By | 2018-07-02T03:46:47+00:00 July 2nd, 2018|News|0 Comments

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