A global network of maritime technology cooperation centres has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. Five r

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a third consecutive session on Tuesday, due to lower demand for larger capesize and panamax vessels. The Baltic index, which r

The Conference (21-23 October) brings together ministers and high-level officials from more than 100 countries to promote ratification of the Cape Town Agreement, a key international treaty for safety of fishing vessels. Entry into force of

An Iranian oil tanker stricken by explosions was likely hit by two rockets in a terrorist act as it sailed through the Red Sea, Tehran claims The blasts sparked an oil spill and fire on board the heavily-damaged ship belonging to the Nation

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam

In just four months, the IMO 2020 sulphur regulation will come into force and shipowners,charters,bunker suppliers and ports all have their part to play in getting ready for 1 January 2020.As each party goes about their preparations, everyo

Maersk Line will only charge for the extra cost of compliance as the carrier introduces new IMO 2020 low-sulfur fuels in the coming months. As reported by FreightWaves, shippers and forwarders have expressed dismay about the complexity of t

There will be a huge amount of middle distillates used in the shipping sector starting 2020 with an incremental demand of 1.2mbpd for MGO, according to WoodMac. Currently, there is demand of about 3.5mbpd for HSFO, which will drop to only a

Rolf Thore Roppestad, CEO of Gard, today participated in the launch of the Sustainable Ocean Principles at the United Nations in New York. The UN Global Compacts Platform for Sustainable Ocean Business has, in consultation with more than 30

BIMCO Secretary General CEO, Angus Frew, has announced he will step down in the summer of 2020, as he wishes to spend more time in the UK and less time working. The search for his replacement has started. In six successful years, Angus has

Global container volumes increased by 1.2 per cent in the first seven months of the year, up from 0.8 per cent in the first quarter, after growth ticked up slightly in the second quarter. However, the growth rate was significantly lower tha

Shipowners and shipmanagers of varying size met with leading OEMs at a Shell Marine roundtable in Oslo to discuss preparedness when it comes to fuels and lubricants in the run up to and after 2020 Fuel and lube availability, engine performa

Following approval by BIMCOs Documentary Committee in May this year, the new contract has been developed to provide a clearly worded agreement with a fair allocation of risks and responsibilities when dismantling offshore structures. DISMAN

On Wednesday 18th September 2019, the International Standards Organisation (ISO) released their Publicly Available Specification (PAS). The document; ISO/PAS 23263:2019 Petroleum products Fuels (class F) Considerations for fuel suppliers an

IBIA has been getting queries from several members about when ISO specifications for fuels meeting the 0.50% sulphur limit will be available. Every time, IBIA has explained that: 1. Existing ISO 8217 specifications will still apply, and; 2.