All Business News
Singapore: MPA releases revised guidelines to prevent bunkering related oil spills
Bunkering related oil spills are generally due to operational lapses and could be prevented if all the necessary precautions are taken, according to MPA circular.
Mar 23 2023
Malaysia: Straits Energy associate CBL International to be listed on Nasdaq
CBL International announces pricing of its USD 13.3 million initial public offering; shares will begin trading on 23 March, U.S. Eastern time, on the Nasdaq.
Mar 23 2023
Malaysia: MMEA detains two local fishing vessels for illegally modifying oil tanks
Vessel owners were found to have violated terms of licences by adding extra space and modifying oil tanks of the vessels; ships were handed over to MMEA investigation officers for further action.
Mar 23 2023
Liquidators issue notice of intended dividends to Nan Ho Maritime and Nan Xin Maritime creditors
Creditors will need to produce proofs of debt to liquidators of both companies by 31 March 2023, according to Government Gazette notice.
Mar 23 2023
Argus Media: Prices for newbuild oil tankers on the rise
Prices for new very large crude carriers (VLCCs) and Suezmaxes are over 4pc higher on the year, while newbuild Medium Range (MR) tanker prices are up over 8pc, according to shipbroker Allied.
Mar 23 2023
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
Lithuania becomes the ARA’s top fuel oil import source; strikes curb resupply to French ports; availability improves in Gibraltar.
Mar 23 2023
Singapore: Yangzijiang Shipping to be wound up over excess USD 4.8 million newbuilding quality claim
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
Mar 23 2023
China: Zhoushan holds meeting to discuss on LNG bunkering and green bunker fuels
An efficient plan is necessary to achieve the goal of 10 million mt of bunkering volume in 2025 and 6.5 million mt of bunkering volume in 2023, says Management Committee of Zhejiang Pilot Free Trade Zone.
Mar 22 2023
Singapore: GCMD and partners gets go-ahead to use carbon capture on oil tanker
Seven-member consortium, which includes GCMD and Stena Bulk, received ABS AiP to use a carbon capture system onboard an oil tanker; project is one of the largest of its kind.
Mar 22 2023
First bunkering operation completed at LNG refuelling station in Port of Shenwan
Shenwan’s LNG refuelling station is the second of such stations to be set up in Zhongshan to develop green shipping in the city; station will serve ships sailing on Xijiang waterway.
Mar 22 2023
Maersk unveils design of its new methanol dual fuel container ship
Hyundai Mipo Dockyards is building the 2,100 TEU feeder vessel; ship has a dual-fuel engine and will be able to operate on green methanol or traditional VLSFO.
Mar 22 2023
FuelTrust: How you can accurately measure bunker fuel emissions to ensure ESG compliance
Digital technology can help measure bunker fuel emissions more accurately and help owners and operators demonstrate regulatory compliance, and manage fuel quality.
Mar 22 2023
ENGINE: East of Suez Bunker Fuel Availability Outlook
Fuel oils remain tight in Singapore; demand improves in Zhoushan; several ports face weather disruptions.
Mar 22 2023
Dubai: Shipowners and peers discuss realities of biofuel adoption at VPS Biofuels Seminar
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
Mar 22 2023
“Eco Spark” vessel arrested in Singapore waters, court records show
Ship was added to the list of vessels under Sheriff’s arrest in Singapore’s court system; vessel was arrested at 7.57pm on 14 March and arresting solicitor listed was law firm Legal Solutions LLC.
Mar 21 2023
IMO, Singapore and Norway sign MoU on maritime decarbonisation
IMO-Norway GreenVoyage2050 and IMO-Singapore NextGEN Connect will combine capabilities to support development of low and zero-carbon bunker fuels and bunkering infrastructure.
Mar 21 2023
MPA eases remaining Covid-19 measures in Singapore maritime sector
MOH has stepped down the Disease Outbreak Response System Condition (DORSCON) level from Yellow to Green on 13 Feb 2023; MPA will be stepping down remaining COVID-19 measures.
Mar 21 2023
Hong Kong Stock Exchange issues additional trading resumption guidance to NewOcean Energy
Additional guidance includes conducting an independent investigation into the company’s affairs, announcing the findings and taking appropriate remedial action.
Mar 21 2023
Gard: Bunker supply contracts – key considerations for the buyer
Guest authors from law firm Holman Fenwick Willan provided a checklist for buyers as a starting point to to negotiate on key items including identifying correct specifications of the bunker fuels.
Mar 21 2023
Langh Ship switches to biofuel bunkers on its container vessel “Edith”
Including “Edith”, there are now five vessels in the Samskip-fleet operation on bio bunker fuel; fuel used is designated MDF1-100 and supplied by GoodFuels.
Mar 21 2023
NABU study shows methanol as bunker fuel can make ocean shipping more climate-friendly
Methanol can offer sufficient energy density for most voyages and is comparatively easy to handle; E-Methanol can potentially enable a well-to-wake climate-neutral operation of a ship.
Mar 21 2023
