EGCS Ready Notation for MOL Ships
ClassNK issued EGCSR-F (Exhaust Gas Cleaning System Ready Full) notations to nine ships operated by Mitsui O.S.K. Lines, Ltd., meaning that the ship fulfills requirement for SOx scrubber retrofitting. Following discussions on the implementation schedule of MARPOL Annex VI SOX/PM regulations at MEPC70 in October last year, all ships operating outside Emission Control Areas (ECA) will be required to limit sulfur emission levels to under 0.50% from 1 January 2020.
VLCC Rates to Remain Weak on Output, Tonnage Woes
Freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end. "I haven't seen a collapse in rates like this for some time. People are taking insane rates," said Ashok Sharma, managing director of ship broker BRS Baxi in Singapore. Output cuts by oil producers, refinery…
Pirates Seize Somali Vessel to Use as Floating Base
Pirates have seized control of a Somali fishing boat to use as a base from which to attack larger ships, police said on Friday, a week after Somali pirates hijacked…
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