Bulk Report – Week 20, 2021
The Capesize market managed to turn its fortunes around this week stemming the slide from the previous week, reports Baltic Exchange.
Capesize
Opening the week at...
The Weekly Ningbo Containerised Freight Index
Weekly composite index covering 20ft, 40ft and Hi Cube box rates by Ningbo Shipping Exchange.
Ningbo Containerised Freight Index
Route
2021-05-21
2021-05-14
Weekly change (%)
Ningbo - Europe
4329.99
4281.42
1.13
Ningbo - West...
Boxship Runs Aground
A container ship ran aground at Jazirat As Sawdah island coast, Khuriya Muriya islands, east of Salalah, Oman, on May 23, reports Maritime Bulletin.
What...
‘Correlate of Protection’ Against COVID-19
After people have been vaccinated against COVID-19, the levels of infection-blocking antibodies in their blood are a strong indicator of how much protection they’ve...
[Watch] Heroic Man Saves Boy From Oncoming Train
A railway employee in Mumbai, India, was filmed risking his life to save a young boy who had fallen onto train tracks.
Did you subscribe...
Alibra Weekly Market Report – Week 20, 2021
With the Downward Trend in Spot Market, Capesize Time Charter Rates continued to dip.
For the full report click here.
Did you subscribe to our daily...
Optimarin & UV Ballast Water System, Inspiring
Using a UV ballast water system has clear advantages over an electrochemical system for tanker operators.
It is with sufficient power to run...
Safety On Board Ships, IMO’s Top Priority
The Maritime Safety Committee 103 meeting (MSC 103) of the International Maritime Organization (IMO) was held 5 to 14 May 2021.
Several important...
$10.8 m Funding by Marad for AMHP
Today, the Maritime Administration (Marad) announced the availability of $10.8 million in grant funding for the America’s Marine Highway Program (AMHP).
The AMHP’s...
HMM Makes Steady Profits, Growth Optimistic
HMM projects strong growth will continue through 2023 thanks to sturdy container freight rates.
The company's optimism is seconded by some industry analysts.
...
HSFO Bunker Fuel Continued Strong Demand
Singapore's robust high-sulfur bunker fuel sales for April reflects continued strong demand for the grade in the world's largest bunkering port, as ready product...
[Watch] Launching Ceremony for New Self-Unloading Vessel
Chengxi Shipyard in China hosted yesterday the naming and launching ceremony for M/V Nukumi, a new self-unloading vessel being built for Canada Steamship Lines...
Suez Canal To Keep Holding Container Ship Ever Given
An Egyptian court on Sunday (May 23) rejected a complaint by the Japanese owner of a container ship that blocked traffic in the Suez...
Pfizer and AstraZeneca Vaccines Effective Against A New Strain
The Pfizer and AstraZeneca coronavirus vaccines are highly effective against the variant identified in India after two doses, a study has found.
Two...
Diana Reports $1.3m Net Loss for Q1 2021
Diana Shipping Inc. reports first quarter net loss of $1.3 Million, says a press release published on their website.
Net loss reported
Diana Shipping Inc., a...
Machine Learning Automation Couldn’t Assist Ever Given in Suez Canal
Machine Learning Automation couldn't keep the Suez Canal unstuck, says an article on ITPro.
The disastrous event in Suez Canal
In late March, the world became...
Shipping Industry Gives Way For Battery Powered Systems
The past decade has seen tight restrictions on emissions from vessels, notably with a 2015 move to a .10% sulfur maximum in Emission...
Use of Marine Biofuels To Minimize GHG
Scientists Focus on marine biofuels research as Environmental Concerns rise says an article on Nature World.
Marine biofuels
Researchers from the National Renewable Energy Laboratory (NREL)...
Council Must Act To Protect Arctic from Shipping Impacts
Clean Arctic Alliance: Council must act to protect the Arctic from shipping impacts, says an article on Safety4sea.
To cut black carbon emissions
Ahead of this...
Pressure On Shipping Industry To Cut Emissions and Exit LNG
The shipping industry faces pressure to cut emissions and exit LNG, says an article on Global Trade Review.
Urge to reduce emissions
The shipping industry is...