ONE Sets Container Loading Record of 19,000 TEUs

MOL Tribute, a containership operated by Ocean Network Express (ONE), has set a loading record of 19,190 TEUs (including 38 TEUs void slots). The 20,170 TEU MOL Tribute achieved the record on its Singapore westbound departure to North Europe on February 11, 2019, and it was the first time for ONE to surpass 19,000 TEUs [...]

By | 2019-02-18T06:45:52+00:00 February 18th, 2019|News|0 Comments

US Coast Guard Green Lights First Cameron LNG Export

The Cameron Liquefied Natural Gas (LNG) project came a step closer to loading its first LNG cargo for global export as U.S. Coast Guard personnel wrapped up a safety inspection at the site. The safety inspection included a review of the terminal’s design, construction, equipment, operations, maintenance, personnel training and firefighting systems. Cameron LNG also [...]

By | 2019-02-18T06:43:45+00:00 February 18th, 2019|News|0 Comments

Tanker Operator to Pay USD 2 Mn for Dumping Oily Waste

Vessel operator Interorient Marine Services was convicted and sentenced in Louisiana for maintaining false and incomplete records relating to the discharge of oil from a tanker. Senior ship officers employed by the company aboard the Ridgebury Alexandra Z discharged oily waste into the ocean by flushing the vessel’s pollution prevention equipment sensor with fresh water. [...]

By | 2019-02-18T06:42:02+00:00 February 18th, 2019|News|0 Comments

Vessel Fire Claims Six Casualties in Durban Port

Six people have lost their lives in an incident involving a vessel fire at the Port of Durban, according to the South African Maritime Safety Authority (SAMSA). The authority confirmed the casualties, adding that the extent of the fire caused the vessel to list on its port side. SAMSA informed that the unit in question [...]

By | 2019-02-18T06:40:05+00:00 February 18th, 2019|News|0 Comments

One of world’s largest container ships docks at Greece’s Piraeus

COSCO Shipping Pisces, one the world’s largest container ships with a capacity of 20,000 TEU, docked at Greece’s Piraeus port on Friday afternoon, after sailing nearly a month from China. It’s the ship’s first voyage since it was delivered on Jan. 15 this year. The management from the Piraeus Container Terminal presented a souvenir to [...]

By | 2019-02-18T06:32:37+00:00 February 18th, 2019|News|0 Comments

Ship Owners Splurge on Tanker Newbuildings so far in 2019

Tanker owners have returned to shipyards for more orders in 2019, with VLCCs and MRs the most popular options. However, whether this trend continues or not for the rest of the year, will depend on a number of factors. In its latest weekly report, shipbroker Gibson said that “2019 has already started out as a [...]

By | 2019-02-18T06:30:03+00:00 February 18th, 2019|News|0 Comments

TEN, Ltd Announces New Contracts With Long-Term Charters for Two Suezmax Crude Tankers

TEN, Ltd announced the contract for the building of two suezmax crude tankers which upon delivery will enter into minimum five maximum 12-year contracts to a significant oil major. The time charter equivalent revenues from these two fixtures, over the duration of the respective contacts, is expected at a minimum $110 million and could reach [...]

By | 2019-02-18T06:26:18+00:00 February 18th, 2019|News|0 Comments

Expert expects uncertainty on global fuel market next week

Despite the crisis in Venezuela, which could shut in a lot more oil supply, global oil indexes have been mostly flat for two weeks. Market has weighed prospect of serous outages in Libya, Iran and Venezuela against the unfolding slowdown in the global economy. MABUX World Bunker Index (consists of a range of prices for [...]

By | 2019-02-18T06:22:43+00:00 February 18th, 2019|News|0 Comments

CYPRUS: Number of companies operating in shipping sector rises 21%

Cyprus has witnessed a significant 21% increase in the number of companies operating in the shipping sector since the establishment of a Shipping Ministry a year ago, Deputy Minister Natasa Pilides said. Pilides was optimistic over the future of shipping in Cyprus, during a reception for ship owners and representatives of shipping companies hosted by [...]

By | 2019-02-18T06:18:37+00:00 February 18th, 2019|News|0 Comments

Tankers: VLCC Market On the Rise

VLCC A significant uptick in US Gulf enquiry saw rates to South Korea rise $1.1 million to $6.65 million. This positivity filtered through to the Middle East Gulf, with 270,000mt to South Korea fixed at WS 47.5, up almost seven points from the previous week. Similarly, in West Africa, Petroineos took DHT tonnage at WS [...]

By | 2019-02-18T06:16:20+00:00 February 18th, 2019|News|0 Comments


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