Yearly Archives: 2021
New COVID 19 Variant Plummets Lightends’ Crude Oil Prices
Naphtha sentiment is mixed Naphtha CIF NWE closed at $662/mt on Nov. 26, down 10.1% on the day and $75/mt.
Despite the more...
[Watch] Shipping Delays Dampening The Thanksgiving Day Holiday Sales
The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork, reports Al Jazeera English.
China's...
Who Owns The Oil?
Rotterdam city centre sits a few miles inland from the North Sea, its skyscrapers and office buildings lining the New Meuse River, a...
BIMCO COVID-19 Weekly Report – 26 November 2021
This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I...
World Container Index Remained Steady
Drewry’s composite World Container index remained steady at $9,186.39 per 40ft container this week.
Drewry’s detailed assessment for Thursday, 25 November 2021
The composite index...
Alfa Laval – Orcan Energy Ink Cooperation Agreement for the Maritime Market
Alfa Laval and Orcan Energy have signed a cooperation agreement regarding sales of marine energy efficiency solutions based on Orcan’s Organic Rankine Cycle (ORC)...
Why Midsized Shipbuilders’ Orders Bounce Back?
New orders for ships have been won by South Korea's midsized shipbuilders.
It is more than doubled in the first 10 months of...
Bunker Surcharges Hike Puts Pressure On Shippers
Huge hikes in FAK rates over the past 18 months follows, as oil prices surge.
Shippers now face significant increases in bunker surcharges...
Greek Shipping Legend, Philip Embiricos, Passes Away At 78
Greek shipping magnate Philip Alexander Embiricos Coumoundouros died peacefully in Paris on November 20.
He was 78 years old.
A Greek Reporter news source...
An Element of Risk for Shippers Signing New Long-term Contracts
Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year.
But thereafter the jury...