Weekly Bulk Report – Week 39, 2020
The Baltic Exchange has released a report about the dry bulk market for the 39th week of shipping activities of this year. The report...
How To Invest When Container Rates on Fire?
Containers have wrestled the ocean-shipping headlines away from tankers and bulkers as stratospheric China-to-California box rates approach $4,000 per forty-foot equivalent unit (FEU), writes...
World’s First Blue Ammonia Cargo Shipped
According to a Platts report, Saudi Arabia has shipped its maiden blue ammonia cargo to Japan to burn possibly together with coal and natural...
Johnson & Johnson COVID Vaccine 99% Efficient in Single Dose
There is some good news on Johnson & Johnson's coronavirus vaccine as trials show even one dose of their vaccine is effective against the...
COVID19 Vaccinations Doesn’t Mean End To Masks
According to a CNN report, Dr. Anthony Fauci said Thursday that even an effective Covid-19 vaccine won't replace the need for other public health...
[Watch] Electrification and Other Megatrends of Shipping
As the world marks World Maritime Day, ABB took a look at one of the megatrends currently dominating the marine industry: the move to...
Lloyd’s Register Approves Samsung’s Ammonia-fueled Ships
South Korea's Samsung Heavy Industries receives a go-ahead for its ammonia-powered ships from Lloyd's Register, a British quality assurance and risk management company.
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Bulk Carrier Suffers a Hull Breach, Water Ingress
What happened?
Bulk carrier MAJESTIC SKY suffered a hull breach in the bow area during, reportedly, anchorage maneuvering, after unmooring off COFCO terminal, San Lorenzo,...
‘Mauritius Disaster’ Ship Runs Aground Searching for Internet
The accident in Mauritius in July is the first in which a new type of low-sulfur marine fuel has entered the sea.
Based...
New Carbon Tax System by EU Will Raise Legal Concerns
The EU wants cargo vessels to be part of the bloc’s carbon market, but new fees will amount to a tariff for importers...