Commerce

Singamas employees at work

Singamas has warned that mounting tensions between the United States and China could affect trade volumes between the two countries in the second half of this year.


The main bridge simulator at Singapore's Wavelink Maritime Institute

Transas is said to be a good fit for Finnish maritime services and energy systems provider Wärtsilä as it looks to build 'Smart Marine Ecosystems' that will realise big fuel efficiencies for owners through technology to better manage navigation, power, and maintenance.


Bald Hill mine, Western Australia

Bald Hill will commence regular monthly shipments of lithium concentrate following increased production.


The STI San Antonia is one of the MRs involved in the transaction. Credit: Fotoflite

Scorpio Tankers has signed a sale-and-leaseback deal for six MR product tankers and one LR2 product tanker, the fourth such deal in two months.  


The parties sign the bareboat charter agreement at a ceremony in Beijing

The deal signed on 18 July sees the Chinese petrochemical group ramp up its presence in the oil refinery industry and gain competitive advantages in the upstream and downstream supply chain.


Haralambos Fafalios

More action not studies need to keep UK competitive, Haralambos Fafalios tells Fairplay


New 0.5% sulphur blends will be covered by the ISO 8217 specification. Credit: DNVPS

There had been concern among the shipping and bunkering industries that ISO 8217 would not encompass future 0.5% fuels, with the potential to cause significant safety issues if fuels become unstable or damage machinery.


Fears that the negotiations that will lead to the UK leaving the EU next March will result in delays at ports and borders were not allayed by the UK's shipping minister Nusrat Ghani’s inability to guarantee frictionless trade following the conclusion of negotiations.

 


Sulphur emissions at sea

Regional port state control organisations are planning a “letter of warning” information campaign aimed at shipowners to underline that compliance with the sulphur cap must take place from 1 January 2020, Hideo Kubota, secretary of the Tokyo MOU, has told Fairplay.


2009-built Babuza Wisdom

Wisdom Marine, Taiwan’s largest owner of dry bulk carriers, gave an upbeat outlook on earnings in the second half of the year.