About Admin

This author has not yet filled in any details.
So far Admin has created 1271 blog entries.

INTERTANKO: Correcting the Record – Contributing Cosponsors Clarifying Recent Misconceptions on MEPC 73 Meeting

On 31 August 2018 the Bahamas, Liberia, Marshall Islands, Panama, BIMCO, INTERCARGO and INTERTANKO cosponsored and submitted a document to the Marine Environmental Protection Committee (MEPC) 73 meeting taking place 22-26 October 2018. MEPC 73/5/14, Safety Implications and respective challenges associated with 2020 compliant fuels (the “paper”), which aims to assist the MEPC 73 in [...]

By | October 9th, 2018|News|0 Comments

Navios Maritime Acquisition Corporation And Navios Maritime Midstream Partners L.P. Announce Definitive Merger Agreement

Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners L.P. announced that they have entered into a definitive merger agreement under which Navios Acquisition will acquire all of the publicly held units of Navios Midstream in exchange for shares of Navios Acquisition (the “Transaction”). The Transaction is expected to: Simplify the capital and organizational structure [...]

By | October 9th, 2018|News|0 Comments

Keppel to Build Two More LNG Carriers for Stolt-Nielsen

Keppel Offshore & Marine (Keppel O&M) has signed two additional contracts with Stolt-Nielsen Limited, following the exercise of options to build two additional small-scale LNG carriers. The deal, signed through the companies’ subsidiaries Keppel Singmarine and Stolt-Nielsen Gas, is worth a total of around SGD 105 million (USD 75.9 million). Three options were granted to [...]

By | October 8th, 2018|News|0 Comments

MISC on moving energy to build a better world

MISC Berhad is a leading provider of international energy-related maritime solutions and services. Headquartered in Kuala Lumpur, its core businesses include energy shipping which largely covers liquefied natural gas (LNG), petroleum and product shipping and its related activities, owning and operating offshore floating solutions, marine repair and conversion, as well as heavy engineering and construction. [...]

By | October 8th, 2018|News|0 Comments

MABUX says Iran sanctions remain a key factor supporting bunker prices

World oil indexes climbed this week. The markets have been primarily focused on the impact of the Iran sanctions. The concerns are how much oil will be removed from the global supply and whether OPEC and its allies can make up the difference. Japan and South Korea have both ceased all oil trading with Iran, [...]

By | October 8th, 2018|News|0 Comments

Dry Bulk Market: Capesizes Waiting for China’s Return from the Holidays

Capesize It was a surprising start to the week, with rates moving in some key areas despite a week of Asian holidays, although some moves were attributed to draft issues and rising bunker values. On the West Australia/China run rates for Dampier cargoes dropped under $8.00 the week before, jumping to $8.50 by Monday and [...]

By | October 8th, 2018|News|0 Comments

Compliance with IMO 2020 rule to be high despite concerns – consultant

Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule, a bunker industry veteran and senior partner at 2020 Marine Energy Adrian Tolson said. Less than 15 months remain [...]

By | October 8th, 2018|News|0 Comments

Analysis: ExxonMobil announces mutually compatible 0.5% sulfur bunker fuel blends

Global producer ExxonMobil has announced its range of new 0.5% sulfur marine fuel blends will be compatible with each other, alleviating one of the shipping industry’s biggest concerns about compliance with tighter sulfur limits in 2020 and raising the possibility these fuels will be sold at a premium to other 0.5% sulfur blends. When the [...]

By | October 8th, 2018|News|0 Comments

Hunter Maritime Acquisition Corp. Enters into a Merger Agreement with NCF Wealth Holdings Limited

Hunter Maritime Acquisition Corp., a special purpose acquisition company, announced that on October 5, 2018 it entered into a definitive agreement to complete a business combination (the “Transaction”) with NCF Wealth Holdings Limited (“NCF”). The Company has established a wholly-owned subsidiary that will acquire NCF by way of merger in an all-stock transaction which values [...]

By | October 8th, 2018|News|0 Comments

Concor sweetens terms in fresh tender for coastal shipping

Container Corporation of India Ltd (CONCOR) has eased the terms in a fresh tender to hire two container ships for 10 years to start coastal shipping operations, after two earlier attempts failed. The state-run rail hauler of containers has removed the age limit and flag restrictions from the new tender, which states that the selected [...]

By | October 6th, 2018|News|0 Comments