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CMA CGM removes Emergency Bunker Surcharge

CMA CGM informed that it will remove the Emergency Bunker Surcharge as from January 1st, 2019. The company has been implementing the measure since June 2018, due to increasing oil prices. The Brent average price in November led the company to this decision.

MSC announces new bunker charge mechanism for 2019

As per a previous announcement in late September, Geneva-based Mediterranean Shipping Company is introducing new bunker charges as of 1 January 2019 in line with 2020 sulphur cap. After considerable analysis of operating costs and related market factors, the company has now established a new price mechanism – the BRC (Bunker Recovery Charge) – which will be transparent to respective trades.

New report raises fuel security concerns for Australia

With less than three weeks of liquid fuel reserves, Australia risks grinding to a halt following a global economic shock or conflict along a major trade route, but a new report by the MUA outlines a potential solution that would cost consumers less than a cent per litre. The report examines policy changes that have caused fuel supplies to fall to just a quarter of the IEA’s fuel stockholding obligation.

Qatar leaves OPEC, focuses on natural gas

Qatar announced its decision to leave OPEC on January 1, as the country’s state oil company, Qatar Petroleum, informed. This is part of Qatar’s attempts to give emphasis on natural gas production, the Minister of state for energy affairs, Saad Sherida Al-Kaabi, explained.

China launches trial project for LNG shipment

A feeder container ship loaded with 130 LNG tank containers sailed from the Port of Yangpu of Hainan Province to the Port of Jinzhou in November. This is part of an LNG trial project; China’s first-ever attempt to transport the surplus capacity of Hainan terminal to its northern part via LNG tank containers.

IEA’s outlook still positive for tankers

IEA published its annual long-term energy outlook, describing the developments in oil demand and supply through to 2040. In the New Policies Scenario, the agency considers not only the current policies but also ambitions, including those set out in Paris agreement, along with possible evolution of current technologies.

Indonesian owner welcomes largest FSRU built in China

Indonesian-based company Jaya Samudra Karunia (JSK) has taken delivery of the 26,000m3 floating storage and regasification unit (FSRU) ‘Karunia Dewata’, the largest FSRU to be built in China and the first to feature Type C cargo tanks. The unit was built at PaxOcean’s Zhoushan Shipyard to Lloyd’s Register’s (LR) Rules

New record for US crude oil and natural gas proved reserves in 2017

According to EIA’s recent report ‘Crude Oil and Natural Gas Proved Reserves’, there is a continuous rise on shale and tight resources that drove proved reserves of both U.S. crude oil and natural gas to new records in 2017. Reserves of  U.S. crude oil increased 19.5% in comparison to 2016, whereas reserves of natural gas increased by 36.1% from the end of 2016.

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
solstice
UK MAIB: Safety lessons learned from fishing vessel sinking
competency assessment
OCIMF: Seafarers’ behavioural competence assessment
wreck removal
IMO focuses on wreck removal challenges
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
arctic
Arctic’s sea ice bottoms as carbon emissions peak
biofouling
Understanding marine biofouling: How anti-fouling systems prevent growth
hammerfest lng leak
Breaches of regulations identified at Hammerfest LNG leak
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
copernicus
Watch: Copernicus on coastal vulnerability assessment
drones
Vopak tests drones for safer inspection
NSSLGlobal: Digitalisation, AI and smart connectivity are setting maritime industry’s agenda
CIC Detentions Fines PSC Focus Vetting
paris mou
Ship denied access to Paris MoU region for 3 months
employment discrimination
Shipyard labor contractors fined for employment discrimination
oily waste at sea
US court fines Navimax for discharging oily waste at sea
CSR Shipping Sustainability Women in shipping
Ocean Health Index 2018 assessment to note avg score for the oceans is 70 out of 100
three key ship types
Overview of three key ship types markets in 2018
shipping industry
Navis: Trends for shipping industry in 2019
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
china coal
China’s import limitations on coal decreases demand on Panamaxes
offshore wind
US BOEM reminds the start of US’s 8th offshore wind auction
psa norway
PSA Norway orders companies to fix lifeboat issues
NSSLGlobal: Digitalisation, AI and smart connectivity are setting maritime industry’s agenda
ship recycling
EU ship recycling regulation could fail to meet its target as it fails to accept realities
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