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MSC decided to invest in scrubber installment
[Equipment]
Mediterranean Shipping Company (MSC) has decided to install scrubbers in its 86 vessels. For the project, the large Swiss containership operator plans to raise funds of $439m from a syndicate of four banks. In the financial prog...
2019-02-14 08:11:42
Keppel O&M sees upturn in orderbook
[Equipment]
Keppel Offshore & Marine (Keppel O&M) saw an upturn in its orderbook last year with help from a boom in LNG sector, as well as active scrubber retrofit services. According to data which has recently been revealed by Keppel O&M, scr...
2019-02-14 08:11:07
Scorpio expects spread over $250
[Equipment]
Bulker operator Scorpio Bulkers is expecting a $250 per ton of spread between HFO and LSFO when the SOx regulation is in effect in 2020. The company had revealed its plan to invest around $127.1m in equipping its entire fleet with scrubbers betwe...
2019-02-13 16:20:42
Wood Mackenzie expects rising scrubber usage
[Equipment]
Wood Mackenzie predicted the usage of scrubbers would rise before the 2020 enforcement. In its recent report, the company estimated that in 2020, over 10% of marine fuels would be treated by scrubbers, with the 85% of the industry complying th...
2019-02-13 15:55:15
JES International files for court receivership
[Finance]
Chinese shipbuilder JES International Holdings is said to have filed for a court receivership to the High Court of Singapore on February 11. The seven shipbuilding arms of the company were ordered to cease their operation by a Chin...
2019-02-13 15:30:24
"Open-loop scrubbers will be problematic after all"
[Equipment]
A warning voice was again raised against the environmental impact of Open-Loop scrubbers. Managing Director of Precious Shipping, Khalid Hashim commented in a recently held result conference that scrubbers are “transferring the pollution fro...
2019-02-13 14:31:00
NACKS awarded VLCC trio
[Shipbuilding]
Two Japanese shipowners placed an order at a joint venture shipbuilding enterprise between China and Japan for three very large crude carriers (VLCCs). According to foreign media outlet and broker market source, Iino Kaiun Kaisha and Mitsui &a...
2019-02-13 14:29:10
CSSC nets huge deal for 10 boxships
[Shipbuilding]
China State Shipbuilding Corp (CSSC) turns out to have signed a huge contract with French liner heavyweight CMA CGM for building containerships. According to foreign press and industrial source, CMA CGM ordered 10 15,000 teu containerships fro...
2019-02-13 14:08:50
STX Heavy graduates rehabilitation
[General]
STX Heavy Industries graduates rehabilitation process thanks to capital injection by its new owner, Pine Tree Partners. This is after two years since January 2017 when the company started its rehabilitation, and after five years since it signed a...
2019-02-13 14:05:29
Hitachi High-Tech offers on-board fuel testing
[Shipping]
Signing a supply agreement with Hitachi High-Tech Analytical Science (Hitachi High-Tech), Wilhelmsen will supply Hitachi High-Tech’s industry-leading handheld XRF analysers to the maritime market, enabling vessel crews to accurately and efficie...
2019-02-13 12:00:58
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