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Shifting Freight Demand from East to West Coast US
Ocean rates started easing in August after peak season but remain higher than 2019 levels.
Red Sea congestion and the looming ILA strike...
World’s Largest LNG Bunker Barge Christened
The world’s largest LNG bunker barge, to be used by French energy producer Total to refuel CMA CGM’s giant new gas-fuelled box ships, was...
Oldest Wooden Tugboat Being Scrapped At Shipyard
Workers at Canadian Maritime Engineering’s shipyard in Nanaimo are dealing with the unenviable task of scrapping B.C.’s oldest wooden tugboat.
The MV Sea...
It is Oil Supremacy Tiff Now! VLCCs Booked on Subs for More Than $200,000...
VLCCs, trading in gloom for around $18,000, were booked on subs for up to $241,949 a day.
Limiting crude production negotiations came to...
LNG Surpasses Methanol as Top Alternative Fuel for Ships
LNG has become the preferred alternative fuel for new vessel orders, surpassing methanol due to cost and infrastructure concerns.
While not yet viable,...
China Irked By Biden’s Support for Taiwan
PRESIDENT Joe Biden said US military forces would defend Taiwan from “an unprecedented attack”.
Chinese Foreign Ministry spokeswoman Mao Ning urged the US...
Commercialising Autonomous Navigation Systems
Classification society Korean Register (KR) has agreed to collaborate with Samsung Heavy Industries (SHI) and KLCSM on autonomous navigation systems for ships, says an...
COVID State of Emergency Expands Amid Peaking Gasoline Demand
August gasoline demand rises 1-2% on year
Daily COVID-19 infections hover around record-high levels
Japan's gasoline demand in August is set to slow down...
233 Kilos of Cocaine Seized Aboard Mega Box Ship
The Story:
On November 26, a ship docked at Santos port, Brazil was found in possession of 233 kilos of cocaine. The drug consignment was...
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Will New OPEC+ Deal Maintain Balance in the Oil Market?
A fresh OPEC+ deal is required to maintain a balance in the oil market.
Prices go out of control as the agreement didn't...
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Asia Crude Oil, Key Market Indicators for Aug 10-13
Crude oil futures were lower during mid-morning trade in Asia Aug. 10 from the Asian close Aug. 6 as a rise in COVID-19 infection...
Scientists Travel With Half Capacity To Antarctica In Times of Covid
A scientific expedition team of 43 members are set to leave for Antarctica from Goa on January 6, reports Hindustan Times.
About the team
Scientists, engineers,...
Subcommittee On Ship Design And Construction, IMO (SDC 9)
IMO Sub-committee On Ship Design And Construction (SDC 9), states a DNV news source.
IMO’s Sub-Committee
The 9th session of the IMO’s Sub-Committee on...
