This Week Trends
Trade sources quoted that the number of shipping vessels arrested in Singapore hit a multi-year low in, 2017 thanks to consolidation in the industry, greater credit scrutiny, and a pick-up in global economic growth.
Vessel arrests in Singapore
Compared to previous...
Bill Gates says no country ‘gets an A’ for its Covid pandemic response—including the U.S., states a CNBC News source.
Billionaire won’t give any country a perfect mark
Bill Gates says some of the world’s governments have handled the spread of...
A report from ENGINE summarizes Singapore price changes on the day to 12.00 SGT (04.00 GMT).
VLSFO price down $12/mt to $642/mt
LSMGO price down $2/mt to $910/mt
HSFO price down $13/mt to $565/mt
Recent trends:
VLSFO up from 18-month...
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Hot Stuff Coming
Aframax Tanker Crew Request Repatriation From Shanghai
18 crew members of an Aframax tanker have requested for replacement and repatriation from Shanghai.
Sailors want to be on the safe side...
Clarksons Insight Into Shipping’s Decarbonisation
Despite a record take-up of green technologies in ships ordered in 2023, thousands of existing vessels will fall into carbon intensity indicator (CII) categories...
RightShip & OCG Unite to Enhance Seafarer Welfare
Safety, sustainability, and social responsibility are increasingly important for the maritime sector.
RightShip’s Zero Harm Innovation Partners Program aims to unite industry leaders...
Product Tanker Thun Reliance Delivered to Thun Tankers
Product tanker Thun Reliance, the second in a series of eight in the ”Resource Efficient Class”, has been delivered to Thun Tankers and will...
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Transpac Rates Cooling Again; Carriers Prep for USTR Fees
Key insights:
1. China-US trade talks are underway in Madrid, with progress on a Tik Tok deal possibly a good sign for broader trade discussions.
2....
Israel Attacks Houthi-Controlled Hodeidah Port In Red Sea
Israel launched a series of airstrikes on Yemen’s Houthi-controlled Hodeidah port on September 16, escalating tensions in the Red Sea after a missile was...
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