Monthly archive

September 2019

Maersk Tankers snaps up handysize fleet from AET

Danish giant offloads two 15-year-old ships as it renews and upgrades its fleet with specialised vessels
 
Maersk Tankers has snapped up a fleet of seven handysize product tankers from Malaysian shipowner AET, paying $93.5m in an enbloc sale.
 

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Treasury Sanctions Iran’s Central Bank and National Development Fund

On September 14th the Aramco facility in Abqaiq, Saudi Arabia was attacked by drones, sustaining
significant damage. While Yemen’s Houthi rebels claimed responsibility for the attack, the United States
has claimed that Iran was involved, which Iran has denied. In response to the attack President Trump

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Bahamas Maritime Authority issues updated guidance & instructions on MARPOL Annex IV

Source: Bahamas Maritime Authority - Bulletin No. 166, Revision No.03, Issue Date 20 Sep 2019, Effective Date    01 Oct 2019

INFORMATION BULLETIN No. 166 

MARPOL Annex IV – Sewage Pollution Prevention

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It’s time we faced the fact that banks and shipping don’t mix

Sovereign wealth funds, financial conglomerates and pension funds are better placed to provide future financing for shipping than banks due to the risks and cyclicality of the business
 

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Safe handling of bulk cargoes

The safety of ships carrying bulk cargoes depends on proper implementation of IMO rules - and training is crucial.

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Beware of local restrictions before discharging washwater from exhaust gas scrubbing

Source: GARD P&I - (Updated 29 August 2019) The IMO considers exhaust gas scrubbers to be an acceptable means of reducing vessels’ sulphur emissions and ensuring compliance with MARPOL Annex VI.  A separate guideline, 

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