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Ship Scrapping: Prices on Downward Path
As ship owners are actively pursuing more trading opportunities, the demolition market appears to be slowing down again. In its latest weekly report, the...
Oil Prices Could Stabilise As Supply Risks Reemerge
A recent news article published in the Bunker Post states that Oil could slow as supply risks return to fore.
Recent oil price decline
A recent...
Wind Gust Puts 4 Ships in Distress
4 ships broke off from their moorings in Novorossiysk after a wind suddenly changed direction.
What happened?
Four ships broke from their moorings or dragged anchor...
Silverstream’s “Beneficial” System Picked for 10 LNG Carriers
UK’s cleantech company Silverstream Technologies has received orders to install its air lubrication technology on ten liquefied natural gas (LNG) carriers, reports Offshore Energy.
Air...
RENK Secures First Order of MARHY Hybrid Drive
Germany’s Renk, one of the world’s leading manufacturer of power transmission technologies, has received the first order for the maritime Hybrid-Drive Marhy technology.
...
ITS Logistics Dives In With $30M Investment In Digital Visibility Platform Competition
The logistics industry is in the early AI adoption stages for supply chain enhancement.
The ongoing freight recession separates diversified logistics companies from...
Oil Prices Rise As Tight Supply Outlook Offsets Demand Woes
Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended...
Covid Situation Eases In China, Container Shipping To Pickup Strongly
The container shipping industry could see a “very strong” pickup starting late April as Covid situation in China eases.
Shanghai has been on...
Is Ammonia An Emerging Bunker Fuel To Mark The Energy Transition?
Ammonia, a molecule comprising one nitrogen and three hydrogen atoms, has been nurturing mankind as a fertilizer for many decades as a source...
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Three Fuel Thieves Apprehended
The Indonesian police arrested three men suspected of hijacking the Indonesian-flagged M/T Rehoboth. On January 28, nine men wielding knives boarded the tanker that...
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Singapore in Record Tanker Clampdown as Dark Fleet Grows
Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and safety impact of an...
“Cascading Effect” of Congestion Disrupts Container Traffic
The global cascading effect of port congestion is playing havoc with intra-Asia trade lanes, with large amounts of cargo stuck at transhipment hubs in...
Navig8 Forms New Handysize Pool To Amplify VLCC Reach
Navig8 has tapped Chinese and Taiwanese tanker owners to form a new handysize pool and boost its VLCC presence, reports TradeWinds.
Handy Pool
The UK pools...
