Hapag-Lloyd is to convert one of the LNG-ready containerships it acquired in the UASC merger, and fit scrubbers on two vessels as it analyses options apart from low sulphur fuel for complying with the IMO's 2020 sulphur cap.
The DPD scheme that was introduced as a panacea to cut cargo dwell time and costs is set to be dumped, with the government working on a plan to restore the role of container freight stations in the evacuation system
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule
Clean Medium Range tanker freight rates have rallied this week as gasoline traders scramble to ship gasoline out of Northwest Europe, where a significant build in stocks has pressured gasoline prices.
Singapore plans to apply stricter control measures to the marine fuels sector, a move that industry sources say could boost transparency in a notoriously opaque industry.
In its 2018 edition of Maritime Transport Review, UNCTAD informed that in 2017, total newbuilding delivery amounted to 65 million gross tons, equivalent to 5.2% of the start-of-year fleet in 2017.
The European Investment Bank (EIB) approved a €195 million (USD224.7 million) financing to the Centre-North Tyrrhenian Sea Port Authority for the expansion of the port of Civitavecchia, in the Italian capital.
Seaborne trade is expected to grow by 4% this year, the same as in 2017, which was the fastest rate for five years, according to the 2018 edition of the UNCTAD Review of Maritime Transport.
