Despite difficult markets Wrist Ship Supply was able to grow its business during 2018 and to consolidate its position as the world’s largest supplier of provisions and stores to ships and offshore locations, claimed the ship and offshore supplier…
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Belships Hedges 2020 Fuel Oil Prices
Norwegian shipping company Belships has has entered into an agreement to hedge the price differential between compliant 0.5% sulphur fuel oil (VLSFO) and 3.5% sulphur fuel oil (HSFO).The secured exposure is for 24,000 tons of bunkers for the full calen...
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LNG Shipping Demand Flat in Q1 209
Global liquefied natural gas (LNG) shipping demand in Q1 209 was essentially flat compared to Q1 2018 and coupled with a 10 % growth in the fleet since Q1 2018 rates suffered, said Awilco LNG Group.A relatively warm winter in the Far East and…
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HII Names James LaCroix as Corp Director
American Fortune 500 shipbuilding company Huntington Ingalls Industries (HII) announced that James J. LaCroix has been named corporate director of HII’s Advanced Technologies Office in Newport, Rhode Island.He will report directly to John J.
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Ship Recycling Needs Hong Kong Convention
Ten years after the adoption of International Maritime Organization (IMO)’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships, in May 2009, there has been progress with voluntary application of its requirements,…
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Gibdock Converts Ferry to Run on LNG fuel
Gibraltar’s Gibdock shipyard has completed a major conversion project so that the Baleària ferry Napoles can operate using LNG as fuel. The 186m long Napoles, which has capacity for 1,600 passengers and 1,430 lane metres of cargo, is the first…
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ShipMoney Crew Payment Solutions for Tsakos
Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with ShipMoney.The deal means crew…
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‘ReCAAPing’ April’s Asian Piracy, Sea Robbery SITREP
Appended are highlights of the piracy and sea robbery situation in Asia in April 2019.
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U.S. Imposes Venezuela Sanctions on shippers, tankers
The United States has imposed sanctions on two shipping companies and two tankers involved in trade with Venezuela, the U.S.
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U.S. Warns Merchant Ships of Iranian Threat
U.S. commercial ships including oil tankers sailing through key Middle East waterways could be targeted by Iran in one of the threats to U.S. interests posed by Tehran, the U.S. Maritime Administration said in an advisory.The U.S. military said…
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