maritime news

biofuel

MSC using 30% biofuel blends

MSC has started to use biofuel in its vessels calling in Rotterdam, the Netherlands, to reduce an estimated 15-20% in CO2 emissions.

gulf of guinea

Pirates increase kidnappings in Gulf of Guinea

On 15 December 2019, around six heavily armed pirates boarded a product tanker underway approximately 118 nm of Cotonou, Benin, kidnapping 20 seafarers and destroying some equipment on board.

drewry

Ship operating costs rise on higher R&M, insurance spend

Ship operating costs inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend. Costs are expected to continue rising at a similar pace in 2020 on a hardening insurance market before receding in subsequent years.