Marathon increases LSFO capacity
Marathon Petroleum, the second largest US refiner, recently announced that it will make additional investments on its facilities to respond to increasing LSFO demands. Garyville Refinery, mentioned as the investment target, is Marathon’s lar...
ClassNK launches IMO Data Collection support
ClassNK Consulting Service Co., Ltd*1 has announced on February 8 that it just launched a support service for setting up a Data Collection Plan in accordance with the Fuel Consumption Reporting system IMO DCS (Data Collection System) introduced b...
HHLA increases its revenue and profit
Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by more than 6 percent to € 1.25 billion in the last financial year (previous year: € 1.18 billion) according to preliminary unaudited figures. The Group’s operating result ...
HMM orders a fleet in 1H
Hyundai Merchant Marine (HMM) is ordering a considerable fleet in H1 2018. According to the industry, HMM is planning to order a total of 20 units of vessels in H1, 2018. The fleet is expected to include 12 22,000teu containerships and eight 1...
Taiwan's sulfur cap ahead of IMO
The Taiwanese government has recently announced that all vessels entering its compatriot commercial ports must use 0.5% sulfur bunker fuel or other compliant fuel from January 1, 2019. It takes such a step one year earlier than the Inter...
Campbell Shipping migrates to Fleet Xpress
Inmarsat (LSE:ISAT.L) announced on February 1 that it has reached an agreement with Campbell Shipping, a ship management company headquartered in Nassau, The Bahamas, to migrate its fleet of dry bulk carriers to Fleet Xpress. The commitm...
Baltic Exchange applies changes to BDI
Following consultation with members, the Baltic Exchange will be implementing previously announced changes to the Baltic Dry Index (BDI). From 1 March 2018 the BDI will be re-weighted to the following ratios of timecharter assessments: 4...
ONE ready to take bookings from February 1
Ocean Network Express Pte. Ltd. (hereinafter referred to as "ONE") announces that acceptance of bookings for its container shipping service begins in stages from February 1, 2018. ONE is a joint venture of Kawasaki Kisen Kaisha, Ltd. (hereinaf...
MES-Tsuneishi tie for merchant vessels
Mitsui Engineering & Shipbuilding (MES) of Japan announced on February 1 that it signed a cooperation deal with compatriot Tsuneishi Shipbuilding to collaborate in merchant vessel market. Two parties agreed that while continuing their inde...
Fredriksen vs Troim, 'Bulker Wars'
The rivalry between two Norwegian maritime magnates John Fredriksen and Tor Olav Troim is getting more and more piercing. Both shipowners have recently added newcastlemax orders in Chinese yards. In an interview with TradeWinds, Fredriksen hin...
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