Skangas provides LNG to Gothia Tanker Alliance
Skangas entered into an agreement with parts of the Gothia Tanker Alliance to supply liquefied natural gas (LNG) as fuel. The new agreement comprises current as well as new vessels with LNG propulsion soon to come. The main Swedish shipping co...
LNG rate soaring to the ceiling
LNG carrier rate is soaring due to increasing global LNG flow and relatively slow newbuilding delivery. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said in his October 30 report that last weeks, 160K LNG carrier daily rat...
ICS welcomes IMO progress on environmental issues
At the conclusion of last week’s critical meeting of the IMO Marine Environment Protection Committee (MEPC), ICS has welcomed the significant progress made on some key environmental issues. Action Plan for GHG reduction ICS Chairman, Esbe...
IMO rejects EBP for now
The Korean Register of Shipping (KR) said that EBP (Experience Building Phase) proposed by some member states including Greece and the US had been rejected for now at MEPC 73. IMO has been planning to enforce its new sulfur code from January 1...
IEA calls for more LNG carriers
International Energy Agency (IEA) under OCED warned against LNG carrier shortage. An LNG carrier is an expensive vessel incorporating gas-related technologies, and its newbuilding orders have been based on long-term charter agreements for 10-3...
MOL introduces NAPA FI
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced its decision to equip 80 of its operated bulkcarriers with a new service called NAPA Fleet Intelligence with Noon Report (NAPA FI) developed by NAPA Ltd. (President: ...
Korea injects funds into HMM
It turned out that the Korea Development Bank (KDB) has decided to offer financial supports of KRW 1trn (about $878m) for its struggling compatriot shipping major Hyundai Merchant Marine (HMM). According to industrial sources, HMM decided to i...
IMO confirms HSFO carriage ban
IMO confirmed its firm intention to ban the carriage of HSFO since March 2020 to prevent the use of HSFO as a marine fuel. The carriage will be only allowed for vessels featuring scrubbers. In Marine Environment Protection Committee recently h...
KOMERI & partners ink LNG bunkering MOU
Together with Gyeongnam Technopark and Changwon National University, the Korea Marine Equipment Research Institute (KOMERI) has carried out a project for supporting exports of LNG bunkering-specialized shipbuilding equipment providers in Ulsan Me...
"Sulfur cap schedule won't back down"
With Trump Administration moving against the current enforcement schedule of the global sulfur cap, all interested parties including shipping, shipbuilding, and refinery industry are on the alert on how things would move on. It seems the refining...
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