Yearly Archives: 2019
Alliances May Breakup in the Long-term
Vessel cascading has been an ever-present feature of container shipping since liner executives first understood the benefits of economies of scale and began the...
LNG Bunker Vessel Docks in Klaipeda, the LNG Reloading Station
LNG bunker vessel Kairos has docked in the port of Klaipeda after being anchored off Lithuania.
It will be operated by a joint...
Logistical Stresses Ease; Gasoline and IMO 2020 in Focus
The physical crack of FOB ARA ULSD barges versus Dated Brent hit a six-year high of $24.46/b mid-November 2018.
In a longer-term outlook,...
Spain’s Valencia Port Taps Hydrogen To Power Cargo Operations
Spain's Valencia Port has gained the recognition of being the first port in Europe to tap hydrogen for running its cargo operations.
Pilot program launched
The...
Markets – Rates Softening
In the past of couple weeks, market rates have softened despite the holiday period. This has raised a question on the ships having been...
GE Shipping Gained 22% from Tanker Rate Rise
Tracking the rebound in the tanker shipping rates, shares of Great Eastern Shipping Co. Ltd (GE Shipping) have gained as much as 22% from...
[Watch] World’s First Fully Autonomous Ferry
On 3 December 2018, Rolls-Royce and Finnish state-owned ferry operator Finferries, successfully demonstrated the world’s first fully autonomous ferry in the archipelago south of...
Rope Failure Causes Injury During Loading Operation
What happened?
On July 8, 2015, at 0857 local time, the bulk carrier Asia Zircon II was offloading a cargo of wind turbine towers in...
Samsung Heavy Lands $189 Million LNG Carrier Deal
On 31 December 2018, Samsung Heavy Industries clinched a $189 million deal to build a Liquefied Natural Gas carrier.
$189 million contract
The company has clinched the deal...
NYK’s First Methanol-Fueled Chemical Tanker Using Green Loan
Japanese shipping giant NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of...