Category: Hoortash Iranian

Hoortash Iranian
25 Feb by

IMO 2020 and demolition volumes

February 25th, 2020 Jason Jiang Contributions, Regulatory, Shipyards 0 comments Is there a discernible scrapping trend brought about by the eight-week-old global sulphur cap? Jason Jiang investigates. The new IMO sulphur regulations, coupled with continued recession in the dry bulk chartering market, has forced owners to push a large number of less fuel-efficient vintage ships […]
Hoortash Iranian
25 Feb by

StealthGas forms JV to buy larger LPG carriers

February 25th, 2020 Sam Chambers Europe, Gas 0 comments Harry Vafias’s StealthGas has formed a new joint venture with an unspecified party and bought three medium-sized LPG carriers. The three ships are all 2010-built with a capacity of 35,000 cu m each, far larger than StealthGas’s normal smaller LPG focus. Board chairman Michael Jolliffe commented: […]
Hoortash Iranian
24 Feb by

Coronavirus wipes away 1.7m teu of liner business

February 24th, 2020 Sam Chambers Containers, Greater China, Ports and Logistics 0 comments The coronavirus is set to wipe a “chilling” 1.7m teu of container business, according to new research from Copenhagen-based Sea-Intelligence. Using what the consultancy admits as a “very rough” average of $1,000 per teu in freight rates, the Wuhan-originated illness translates into […]
Hoortash Iranian
24 Feb by

Polaris fined $12,426 for Stellar Daisy sinking, families vow to fight on

February 24th, 2020 Sam Chambers Asia, Dry Cargo 0 comments The families of the victims of the Stellar Daisy disaster are not giving up in their pursuit of justice. Despite the sunken ship’s owner last week being found guilty for failing to report the converted bulk carrier’s defects, prosecutors will seek greater punishments for those involved […]
Hoortash Iranian
24 Feb by

Wilhelm Wilhelmsen dies at the age of 82

February 24th, 2020 Jason Jiang Europe, Operations 0 comments Wilhelm Wilhelmsen, the fourth generation owner of the Norwegian maritime group Wilhelmsen, died on Saturday at the age of 82. Born in 1937, Wilhelmsen was one of the most-respected business leaders in the Norwegian shipping industry. He joined the Wilhelmsen group, established by his great grandfather […]
Hoortash Iranian
21 Feb by

Maersk makes late scrubber run, set to increase HFO use by 150%

February 21st, 2020 Sam Chambers Bunkering, Containers, Environment, Europe, Operations 0 comments Maersk, the world’s largest containerline, is set to more than double the amount of heavy fuel oil (HFO) its fleet consumes by the end of the year. During an investor call at yesterday’s 2019 results briefing, Maersk, previously in the anti-scrubber camp, revealed […]
Hoortash Iranian
21 Feb by

‘You cannot create an environmental paradise on an economic graveyard’: Ioanna Procopiou

February 21st, 2020 Sam Chambers Environment, Europe, Operations, Regulatory 0 comments Once again regulators were on the receiving end of an earful at a shipping conference yesterday with shipowners increasingly irate at their inability to be able to order new ships for fear they’ll be obsolete with environmental rules chopping and changing. The most memorable […]
Hoortash Iranian
21 Feb by

Japan’s engine power limitation plans gain widespread support ahead of MEPC

February 21st, 2020 Sam Chambers Asia, Environment, Operations, Regulatory 0 comments A host of shipping’s most powerful states and associations have come round to support Japan’s controversial ship power limiting proposals as the best bet for the industry to enact short-term emissions cutting commitments, with the International Maritime Organization set to debate the topic in […]
Hoortash Iranian
21 Feb by

Nine kidnapped in seventh attack off Cotonou in the space of just one month

February 21st, 2020 Sam Chambers Piracy 0 comments Another ship has been attacked in West Africa with nine crew kidnapped. The Alpine Penelope, a tanker belonging to Greece’s Oceangold Tankers, was hit 76 nautical miles southwest of Cotonou as the ship made its way towards Lagos. Security firm Dryad Global reports that the officer on […]
Hoortash Iranian
21 Feb by

The asset light shipping company of Airdrie

February 21st, 2020 Splash 24/7 Contributions, Europe 0 comments Mr Prospector bumps into an old mate at the bus stop. “There’s probably a reader out there somewhere,” I tell myself every month that I sit down at the typewriter in front of my two bar electric heater in the penthouse over the chippy in Airdrie. […]

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