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The Paris MoU agrees to focus on prevention of air pollution from ships

The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 51st Committee meeting in Cascais, Portugal, from the 7-11 May 2018, chaired by Mr. Brian Hogan. Anticipating the new maximum limits for sulphur in ships fuel oil, entering into force on 1 January 2020, the Paris MoU agreed to an information campaign [...]

By | May 16th, 2018|News|0 Comments

Power sector’s thirst for fuel oil after IMO low sulfur cap shifts bunker demand

Fuel oil traders are turning to the power sector to assess how much demand may remain for their product after the International Maritime Organization’s tighter bunker sulfur limits leave most ship operators buying cleaner fuels in 2020. Only about 10%-15% of the fleet are expected to have scrubbers installed that would then allow shipowners to [...]

By | May 16th, 2018|News|0 Comments

TTA announced first quarter result with THB 87.2m profit expects continued recovery in shipping business

Thoresen Thai Agencies Public Company Limited announced that its overall performance for Q1/2017(1 January to 31 March 2017) improved with consolidated net profit of THB 87.2 million or 138% YoY and normalized net profit to TTA of THB 65.8 million due to the rising market freight rates. This is despite the fact that Jan-Mar of [...]

By | May 16th, 2018|News|0 Comments

Hapag-Lloyd with an increased Q1 operating result

Hapag-Lloyd has completed the first quarter 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 219.4 million, which is an increase compared to the first quarter of the previous year (EUR 135.3 million). The operating result before interest and taxes (EBIT) stood at EUR 53.7 million after three months (first quarter 2017: [...]

By | May 15th, 2018|News|0 Comments

RadiantFleet announces agreement with River Advice

RadiantFleet announced closing an agreement with River Advice AG. The agreement includes the use of RadiantFleet platform (Software as a Service) for Crew and Payroll Management. The software solution provides River Advice real time collaboration between their corporate offices, managed vessels and crew. River Advice was established in 2004 and soon developed to what is [...]

By | May 15th, 2018|News|0 Comments

Maersk tankers, Torm refuse new Iran business: industry officials

As the countdown begins for the restoration of US sanctions on Iran, many shipping companies such as Maersk Tankers and Torm are already refusing to commit to fresh Iranian business, fearing complications relating to processing of freight and insurance related payments, sources said Monday. “We will not lift any cargo from Iran with immediate effect,” [...]

By | May 15th, 2018|News|0 Comments

Tanker Owners Shouldn’t Panic Over Iran Affair Claims Shipbroker

The impact of the US’ President Donald Trump to repeal sanctions relief for Iran, effectively terminating the agreement in place over the Middle Eastern country’s nuclear program was the main event in the tanker market last week, bringing a flurry of speculation. In its latest weekly report, shipbroker Gibson attempted to offer some valuable insight, [...]

By | May 15th, 2018|News|0 Comments

Bunkering curbs at China’s Qingdao seen set to shift demand to other ports

Bunker fuel demand at China’s Shanghai and Zhoushan ports is expected to be boosted over May-June by disruptions at Qingdao port due to a summit, market sources in China said Monday. Qingdao, in eastern Shandong province, is reportedly hosting the annual Shanghai Cooperation Organization summit in June. The event is expected to be attended by [...]

By | May 15th, 2018|News|0 Comments

Angelicoussis Shipping Group Selects the Ecochlor BWTS for Retrofit in 36 Vessels

USA-based ballast water treatment system (BWTS) manufacturer, Ecochlor, Inc. announced the completion of a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected between 2018 – 2020 in Singapore, Dubai, Qatar and China. Greek-owned company ASGL has a well-established track record in shipping [...]

By | May 15th, 2018|News|0 Comments

POSIDONIA SETS COMPASS FOR FUTURE GLOBAL SHIPPING AGENDA

The biennial Posidonia 2018 Conference Programme is once again upon us with its trademark thought provoking constellation of conferences, seminars, workshops and heated panel discussions which are yet again set to shape the global shipping agenda and define the future of an industry that sits at the core of world economic developments. The conferences, seminars [...]

By | May 14th, 2018|News|0 Comments

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