Green Marine
TORM fits 40 of 49 planned scrubbers as it books strongest H1 since 2008
Danish carrier of refined oil products TORM has installed 40 scrubbers on its ships from the planned 49, the company revealed in its business report. TORM added that of the remaining nine installations, five are expected to be conducted in the third quarter this year, one in the fourth quarter this
LOI signed for eco-friendly container terminal in Plaquemines Parish
Plaquemines Port Harbor and Terminal District (PPHTD) recently signed a letter of intent (LOI) with “several potential partners” to develop a multimodal container terminal in Plaquemines Parish, Louisiana.
Chevron Marine Lubricants: Issues arising from VLSFO use have very little to do with fuel quality
The main fears around the use of the low sulphur fuel as mandated by the IMO 2020 sulphur cap that entered into force in January 2020, such as lack of availability and poor quality of new fuels did not materialize paving the way for a much smoother transition than expected. Availability concerns wer
Mauritius: Grounded bulk carrier splits in two
Wakashio, a Japanese bulk carrier that ran aground on a reef off the coast of Mauritius in late July, has split in two on 15 August.
US says it seized Iranian fuel from four Venezuela-bound tankers
The United States has seized fuel from four oil tankers reportedly carrying fuel shipments from Iran destined for Venezuela, the U.S. Justice Department said. The fuel was allegedly shipped by the Islamic Revolutionary Guard Corps (IRGC), designated by the U.S. as a foreign terrorist organization. T
ZIM introduces AI-based software to detect misdeclared cargo
Shipping company ZIM has developed and implemented an AI-based screening software to detect and identify incidents of misdeclared hazardous cargo before loading to vessel.
BIMCO: Scrubber-fitted containerships overtake crude tankers
The share of the containership fleet fitted with scrubbers exceeded that of the crude oil tanker fleet by the start of July 2020, data from BIMCO shows. The world’s largest shipowner association said that containerships with a collective cargo-carrying capacity of 5.3 million TEU are now fitted with
Keel laid for MOL’s 2nd large LNG bunkering vessel
China’s Hudong-Zhonghua Shipbuilding has held a keel laying ceremony for the second LNG bunkering vessel owned by Japan’s MOL and chartered by France-based Total. The unit of China State Shipbuilding Corporation says it held the ceremony on August 12. Hudong started work on the LNG bunkering ship la
Golar says Croatian FSRU to leave China late September
Croatia’s first FSRU will depart the Hudong-Zhonghua yard in China to its base on the island of Krk in the northern Adriatic Sea late September, according to the vessel owner Golar LNG. Golar, led by Norwegian businessman Tor Olav Troim, won a deal last year to provide its 2005-built 140,205-cbm ves
Hapag-Lloyd’s profit rises despite lower volumes
Despite the negative effects of the COVID-19 pandemic, German container shipping company Hapag-Lloyd closed the first six months of this year with a profit.
Meyer Turku announces first phase of layoffs
Finnish shipbuilder Meyer Turku has concluded the first phase of employee cooperation negotiations (YT negotiations) that will result in the permanent layoff of 166 people.
Vinalines transforms into joint-stock company, changes name to VIMC
Vietnam National Shipping Lines (Vinalines), a maritime services and logistics supplier in Vietnam, will officially begin operations as a joint-stock company (JSC) on 1 September.
MISC posts lower profit, but LNG revenue keeps growing
Malaysia’s MISC reported a drop in net profit in the second quarter due to the effects related to the Covid-19 pandemic, but the company’s LNG business keeps rising. MISC’s 299.5 million ringgit ($71.3 million)net profit declined 25 percent year-on-year. The shipping giant attributed the decline mai
CMA CGM resumes calls to Beirut
As the operational situation in the Port of Beirut is now back to normal again, French shipping major CMA CGM has resumed calls to this port.