The Twist and Turns of LNG Market in 2021
As the cleanest-burning fossil fuel, LNG clearly still has a role to play alongside renewables in the global clean energy transition.
As we ring in 2021, here are five trends that will impact...
Wartsila Smartly Uses Covid Times To Meet IMO 2030 Emission Targets
Wartsila says owners have been making the best of a bad situation by using the downtime to fit efficiency retrofits to their vessels.
Half of Wärtsilä's retrofits requiring docking or a period of out-of-service.
...
1500 Mariners from 74 Ships are Prisoners of Trade War
Desperate mariners on ships stranded for months by China's effective ban on Australian coal imports.
They are being prevented from leaving by a stand-off between a complex network of shipping firms.
A catch-22...
New Year Celebrations At Home, As Authorities Tighten Covid 19 Rules
Sydney’s New Year’s Eve celebrations remain under a cloud.
Health authorities monitor whether the northern beaches Covid-19 outbreak has spread to the city’s central business district.
New South Wales recorded nine new coronavirus...
South Korean Container Majors To Form Brand New K-Alliance
Five South Korean container shipping companies shake hands and agreed to establish a Korean Maritime Movement Alliance (K-Alliance).
This was done in an effort to enhance competitiveness in Asia.
According to country's Ministry of...
Pan Ocean Looking Forward To LNG Fleet Expansion
Pan Ocean has recently placed over $550m in orders for three LNG carriers.
Two of the carriers are expected to go on charter with Shell.
These orders mark its first major investment in LNG...
Diana Shipping Secures Capesize Charter With SwissMarine
Diana Shipping Inc., has signed a time charter for its capesize dry bulk vessel, reads a press release by the company.
Time charter for capesize bulker
The company announced that, through a separate wholly-owned subsidiary, it...
Marine Fuel Market Looking for A ‘Stable’ 2021 After ‘Shaky’ 2020
Vessel earnings under pressure as bunker prices rise.
VLSFO crack becomes strongest transport fuel.
2021 expectations for HSFO muddied by conflicted fundamentals.
The European marine fuel market is hoping for calmer waters in 2021,...
Foreign Flagged Ships Detained in the UK During November 2020
The Maritime and Coastguard Agency (MCA) announced that seven foreign flagged ships remained under detention in UK ports during November 2020 after failing port state control (PSC) inspection.
Five new detentions
During November, there were five...
Weekly Vessel Scrapping Report – Week 50, 2020
Ship & Bunker, with the data from online maritime intelligence and information service VesselValue.com, has listed out the vessels put up for demolition in a recently published article.
The below table is the most recent...