Weekly Bulk Report – Week 41, 2021
The Baltic Exchange has released a report about the dry bulk market for the 41st week of shipping activities of this year. The report dated 15th October highlights the dry bulk market conditions at the...
Balearia’s Converted LNG Ferry Ready to Start Work
Baleària has started LNG propulsion conversion of the Hedy Lamarr ferry at the West Sea shipyard in Portugal, the last of the six retrofit operations, says an article published in Offshore Energy.
Baleria's Fleet Plan
Baleària...
California Oil Pipeline Leak, Investigators Board Containership
Investigators believe a 1,200-foot cargo ship dragging anchor in rough seas caught an underwater oil pipeline.
And pulled it across the seafloor, months before a leak from the line fouled the Southern California...
AET Completes Its First Ever LNG Bunkering in The US
AET completed its first-ever LNG bunkering in the U.S. last week, working in coordination with Shell to refuel the LNG dual-fuel Aframax tanker Pacific Ruby outside Port Canaveral, Fla, says an article published in...
Crude Futures Settled At Fresh Multi-year Highs
Crude futures settled at fresh multi-year highs Oct. 15 as continued recovery in global energy demand added pressure to near-term supply outlooks, says a article published in S&P Global.
WTI settled higher
NYMEX November WTI settled...
Will The Coffee Price Hike Last for Longer Period?
Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time, reports The Economic Times.
About the price hike
Coffee analysts and...
Green Hydrogen Fuels Could Enable Up to 80% Cut in Ship Emission by 2050
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, says...
MarTrust Launches New E-Wallet & Card To Enhance Seafarers Welfare
MarTrust, the leading global maritime payment solutions company, and a subsidiary of Marcura, has announced the launch of a new ‘e-wallet’ and card.
This enables crews to be paid quicker, compared to the...
Decades-long Mystery Ends, Wreckage of Historic Ship Located
The Coast Guard had been searching for the cutter Bear since 1963
The geographic location of the find is relative to the historic records
The U.S Coast Guard announced Thursday it has found the...
Green Hydrogen-based Fuels Set To Be The Backbone To Decarbonise the Shipping Sector
Irena outlines green hydrogen-based fuels set to be the backbone for decarbonizing international shipping by 2050.
Action to accelerate the decarbonization
Urgent action is necessary to accelerate the decarbonization of the global economy in line...