The impact of the IMO GHG Strategy on shipping

In this guest blog, Tore Longva from DNV GL Maritime explains all the different ways by which emissions regulation will be an industry game-changer. The key environmental challenge for shipping will be in the short term to comply with the global 0.5% sulphur limit in 2020, and in the longer term to achieve the ambitions [...]

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

Lease Accounting: Are You Up To Speed With The New Approach?

The new lease accounting standard, IFRS 16 Leases, comes into effect for periods beginning on or after 1 January 2019. Shipping companies need to make sure they have assessed and understood its implications. IFRS 16 has the biggest impact on lessees, for whom it removes the distinction between an operating lease and a finance lease, [...]

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

Rolls-Royce and Intel announce autonomous ship collaboration

Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer, the parties announced yesterday. This will advance smart, connected and data-centric systems for ship owners, operators, cargo owners and ports, bringing together the expertise in advanced ship technology from Rolls-Royce with components and systems engineering [...]

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

Maritime leaders gather at Kanoo Shipping’s Annual Regional Meeting

Bringing together prominent maritime leaders from its Middle East/Africa network, Kanoo Shipping once again successfully concluded its Annual Regional Meeting with this year’s theme, “Onwards and Upwards.” The meeting was recently held onboard the iconic Queen Elizabeth 2 in Dubai. Executives from Kanoo Shipping including Jonathan Bygrave, EGM-Kanoo Shipping, and Nikolai Norman, Head of Commercial [...]

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

Chelsea Technologies Announces ‘SIGNIFICANT’ Wash Water Monitor Order From Fuji Electric

Chelsea Technologies Group (CTG), a world leader in the design and manufacture of sensors for the maritime sector, has today announced an order from Fuji Electric Company Limited for its Sea Sentry wash water monitoring system for ship exhaust gas cleaning systems. The order, for 26 units to be installed on 13 vessels, comes during [...]

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

Kinks in the supply chain Money, fuel and logistics – and the rising tide of IMO 2020Kinks in the supply chain Money, fuel and logistics – and the rising tide of IMO 2020

The global container industry is huge — in excess of $4 trillion worth of goods will be shipped using containers in 2018. Almost everything we use on a daily basis is transported by containers at some point in its life. But at the same time there seems to be a lack of transparency in all-inclusive [...]

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

Ecochlor is pleased to announce the complete harmonization of USCG Type Approval to their IMO Type Approval for their line of Ecochlor® Ballast Water Treatment Systems

Ecochlor is pleased to announce the complete harmonization of USCG Type Approval to their IMO Type Approval for their line of Ecochlor® Ballast Water Treatment Systems. During Ecochlor’s USCG Type Approval amendment process, minor updates and improvements were made to aspects such as documentation, available filter models, and control system software. Once the USCG Type [...]

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

Algoma Cancels All Four Newbuild Contracts with Uljanik

Canadian shipping company Algoma Central Corporation has decided to cancel all four newbuild construction contracts with Croatian shipbuilder Uljanik. As World Maritime News reported, Uljanik received a contract cancellation for one Algoma ship earlier this month. Now, Algoma confirmed it will scrap the remaining vessels it has on order at Uljanik’s 3. Maj shipyard. “The [...]

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

Port of Gothenburg Starts Building New Terminal

After years of planning and preparation, construction of an entirely new terminal in the outer area of the Port of Gothenburg has started. The 220,000 square metre terminal, scheduled for completion around 2025, will be constructed using 350,000 cubic metres of dredge spoils from the river, the Göta Älv. The first phase of the project [...]

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

VLCC Tanker Market Retreats After Recent Rebound

VLCC Charterers took a step back last week after previously frenetic activity. In the Middle East Gulf rates peaked at WS 85 for 270,000mt to China, and then softened to low WS 80s, as owners await the November Saudi program. Going west, 280,000mt to the US Gulf was assessed at around WS 32.5 Cape/Cape. West [...]

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