Singapore Bunker Sales Hit Two-Month low in November
Sales of marine bunker fuel at Singapore retreated to a two-month low in November after soaring in October, data from Maritime and Port Authority of Singapore (MPA) showed.Bunker sales at the world's biggest ship refueling hub totaled 4.46 million metric tons in November, down 8.5% month-on-month but higher by 4.6% from a year ago, the data showed.Total vessel calls for bunkering fell 4.5% from the prior month to 3…
Ship Recyclers Set for Positive Year-End
The Baltic Exchange’s main sea freight index eased for the fourth straight session on Friday, falling close to 0.5%, its lowest since July 2023. “This has certainly assisted the ship recycling sector with the supply of tonnage of late, fueling its survival into early 2025,” says cash buyer GMS.“As we stand on the edge of the final weeks of 2024, compared to the rest of the year, it certainly seems as though there has been more of an uptick in the markets of late…
India’s Merchant Navy Welfare Board Expands Greek Cooperation
The Merchant Navy Welfare Board (India) has signed an agreement with the Global Seafarers Organisation as part of its efforts to expand its presence across global ports.And as part of the Board’s initiative to appoint International Coordinators to oversee the welfare of Indian seafarers across global ports, Dr. N. Reuben Paul meet with the Indian Ambassador Shri Rudrendra Tandon at the Indian Embassy in Athens…
Europe Dominates Cruise Ship Orderbook
Newly released data from the Cruise Lines International Association (CLIA) states that about 97% of the world’s fleet of cruise ships was built in Europe, and 98% of ships on order, based on cost, will be built here.The total investment cruise lines are making in new ships built in Europe from 2024 to 2036 is currently €57 billion, with additional orders anticipated.In the next 12 years, 72 of the 76 ocean cruise ships will be built in European shipyards (97%) of which 40 in Italy (52.6%)…
Engine Room Fire Sparks Request for New IMO Requirements
The UK Marine Accident Investigation Branch (MAIB) has released its report into the engine room fire on board ro-ro passenger ferry Stena Europe as it approached Fishguard, Wales.At 2115 on 11 February 2023, a fire broke out in the engine room of the vessel while on passage from Rosslare, Ireland, to Fishguard, Wales. The fire caused significant damage to the engine room but nobody was injured and there was no damage to the environment.
Australia Declares Sixth Offshore Wind Zone
The Australian Government has declared a new offshore wind zone in Bass Strait, north of Tasmania.Tasmania has some of the best wind resources in the world. Bass Strait has been named as one of the top options for offshore wind energy generation in the country by the Australian Energy Market Operator.The new zone could support up to 20GW of renewable energy – more than half of the current electricity demand across southeast Australia.
Two Russian Tankers Flounder in Storm
A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after sustaining damage, Russian officials said.The vessels were in the Kerch Strait between mainland Russia and Crimea, which Russia annexed from Ukraine in 2014, when they issued distress signals.Russian investigators…
