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Greenbrier Marine announced Tuesday it has delivered OSG 204, the first of two new 581-foot, 204,000-barrel-capacity oil and chemical tank barges for Overseas Shipholding Group, Inc. (OSG). The second barge is schedule to be delivered during the fourth quarter of 2020.The new barge OSG 204 will be operated for dual-mode integrated tug-barge (ITB) service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The unit is paired with an existing tug within the OSG fleet, the OSG Endurance, and will travel to the Gulf of Mexico to service the Jones Act trade.
Ferry shipping company Stena Line reports it is 10 years ahead of international shipping's emissions reduction targets thanks to measures such as new, larger and more energy efficient vessels, AI assisted captains and an increased punctuality.The Sweden-based operator says that during 2019 it reduced its total CO2 emissions 1.7 %, corresponding to 24,000 metric tons of CO2 in total, while CO2 emissions per transported ton freight and passenger vehicles on board the vessels fell 3.6%.The company notes in its newly published sustainability overview report that it already meets the International Maritime Organization (IMO) targets for 2030 of a 40% reductions in CO2 emissions efficiency from
China's Dalian Commodity Exchange on Tuesday asked members to act "rationally" in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne."The iron ore market has been facing many uncertainties recently," the Dalian bourse said on its website, adding that it would strengthen investigations and strictly crack down on any irregularities.Dalian's most traded iron ore futures contract, for September delivery, has jumped more than 8% since May 26 on concerns of tight supply from Brazil.It closed at 757 yuan ($106.62) per tonne on Tuesday.($1 = 7.
Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in 2020 remained strong.The Geneva-based firm, which reported a 2019 net profit of $381 million after a loss of $330 million in 2018, said on Tuesday it was also helped last year by earnings from gas trading and its European refining business.But the group, one of the world's top five oil traders, said revenue dipped to $75 billion in 2019 from $87 billion in 2018.Gunvor, which launched its U.S. business in 2017, reported a record performance by its trading operations in Houston, Texas and Stamford, Connecticut.
As part of the European Union (EU) Recognized Organization (RO) Mutual Recognition Type Approval scheme, EIZO Corporation has been awarded type approval from Lloyd’s Register (LR) for its 19- and 25.5-inch maritime monitors for an Electronic Chart Display and Information System (ECDIS) with radar applications, the first European certificate for electrical equipment in Japan.The EU RO Mutual Recognition Type Approval scheme covers type approval certification on selected components and equipment for which mutually agreed technical requirements have been developed and agreed by all stakeholders in the EU RO Group, ensuring consistency for different types of equipment.