[Watch] Maersk To Launch a $1.6B Buyback Program
A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou discusses container volumes and freight rates after the world’s biggest container shipping company said its finances are strong enough to launch a $1.6 billion share buyback...
US To Impose Strict Measures On Cyber Risk Management
United States requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure proper addressing of cyber risk management, says an article published in BIMCO website.
In...
Propeller Fuels Announces First Overseas Expansion
UK-based bunker supplier Propeller Fuels is set to expand to Greece.
The supplier is about to open an office in Athens in its first international expansion since its formation three years ago.
UK based...
MAN Energy To Offer EGR System for Low Speed Dual-fuel Engine
MAN Energy Solutions has announced that it is to offer its proprietary EGR system as an emissions solution for its new, low-speed ME-GA engine ME-GI dual-fuel engine.
EGR is a NOx-emissions-reduction technique that...
Piriou Unveils Hydrogen Propelled Crew Transfer Vehicle
Piriou has developed a crew transfer vessel (CTV) for the offshore wind industry that has a hydrogen hybrid propulsion system.
The hybrid propulsion system is intended to reduce emissions during operation.
Piriou, in France,...
Tanker Newbuilding Deliveries Fall To 6-year Low in Bearish Markets
Alphatanker predicts 25 tankers in this year’s orderbook will be delayed to 2021.
Absolute tanker deliveries are likely to total just 171 ships this year, the lowest level since 2014.
Some 12.6% of...
The ‘Cold’ Truth About COVID-19 Vaccines
The "cold chain" is just one of the challenges in distributing vaccines worldwide.
Business heats up for freezer makers as COVID-19 vaccines approach the finish line.
Development of COVID vaccines have reached their final...
Can Industry Profits Go Back To Pre COVID Rates?
On 15th August an Italian ministerial decree allowed cruises to restart.
In 2017, 203 luxury cruise ships in Europe consumed about 3,267 kilotonnes of fuel.
Carnival Corporation reported closing the second quarter of...
Jet Glut Rises Marine Fuel Volatility During Covid 19
The collapse in air and road travel has led to jet and motor fuels finding their way into the bunker pool.
It is raising the volatility of all shipping fuels, said Steve Bee,...
VLCC Tanker Market Hovers, Time for A Fall!
The Baltic Briefing has issued the tanker report for the 47th week of this year. The report dated 20th November 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter...