Yearly Archives: 2021
China Cuts A Benchmark Loan Rate for the First Time Since Pandemic
The People’s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%.
The five-year loan prime rate remained unchanged...
Deep-Sea Shipping Can Be Decarbonized In Various Ways
Swiss-based marine engine technology developer WinGD has published a new white paper outlining the steps it believes will enable deep-sea shipping to decarbonize...
[FAQ] What Next After Cargo Operations on Tankers?
Loading and unloading cargo on ships is a dangerous process that can result in significant repercussions. Not only while performing these operations, but also...
Is Omicron Causing Weekly Loss For Crude?
With omicron fears waxing and waning within the investment community since the strain was detected in South Africa.
It came as no surprise...
New Global Shipping Task-Force Aims To Cut Carbon Emissions
Workers worry that the changes needed to bring the shipping industry in line with global climate goals could make their jobs more dangerous...
Preparation For Cargo Operation On Chemical Tanker
Before any cargo transfer starts, the responsible officer should be satisfied that the applicable precautions are being observed.
A liaison meeting should be...
China’s Nov Clean Marine Fuel Exports Rise
China sees a rise of 18% in its marine fuel exports
November IMO compliant fuel exports were at 1.75mt
Three state-backed refiners granted...
Wartsila And KCC Sign An Agreement To Uplift Fuel Savings
Wartsila EnergoProFin has been secured for the CABU boats MV Bakkedal, MV Bangor, and MV Bantry, according to a contract signed by Klaveness Combination...
Companies Charged Over Negligent Conduct in Offshore Oil Leak
Three companies have been accused of illegally discharging about 25,000 gallons of crude oil into the Pacific Ocean off the Southern California coast...
China’s Property Woes, A Warning Sign For The Economy
The spreading balance-sheet crisis at real estate firms is a warning for policymakers as a swing in the fortunes of the steel industry...