Commodity Tracker: 5 charts to watch this week

Oil demand and container freight rates are among the casualties in the latest COVID-19 outbreak that has sent various cities in China in lockdown. The EU's ambitious goal to be energy independent from Russia,...

Asia light ends: Key market indicators for March 21-25

Asia's light ends markets are expected to be firm on stronger Brent crude, with gasoline also set to be boosted by increased regional travels following easing COVID-19 curbs. Naphtha is seeing buying interest for the...

ABB Claims To Cut Fuel Consumption Up To 20%

ABB Turbocharging has launched a new digital solution which it says can enable potential combined emission savings of up to 20%, reports BunkerSpot. About Tekomar XPERT  Tekomar XPERT marine comprises three modules covering the engine, hull...

[Watch] Brand-new Flying Tesla, Jumps 50 Feet Into the Air

he was approached by a Tesla driver who, out of the blue, wanted to show him where David Dobrik jumped his EV. Since this was a friendly encounter and a curious invitation. he...

Euroseas Orders Feeder Boxship Trio

Greek boxship owner Euroseas has penned a new contract with Hyundai Mipo Dockyard for the construction of three 1,800 teu LNG-ready eco-design feeder containerships. The Nasdaq-listed company is paying approximately $102m for the...

Progress in Alternative Bunker Emissions Regulations

The IMO's Intersessional Working Group on the Reduction of GHG Emissions from Ships has reported progress in developing criteria for judging the environmental performance of alternative bunker fuels, reports Ship and Bunker. About the progress The...

Shell Marine To Tackle Decarbonisation Goal

Shell Marine's partnership with box ship firm MSC to create a future fuel ship in five years' time will be replicated in other, similar projects, the company has said, reports Ship and Bunker. Approach  Part of...

Alarming Heatwaves At Both Earth’s Poles

Climate scientists are worried about the above-normal temperatures in the polar region especially after increasingly high temperatures were recorded over the weekend, reports CNBCTV18. 40 degrees Celsius above normal over The South Pole in Antarctica...

Rise In Covid Cases ‘No Cause For Concern’?

There is “no particular cause for concern” about the UK’s rapidly rising number of Covid cases, Sajid Javid, the health secretary. There is particular concern about the scale of infections in older people,...

[Watch] Dredging Begins To Free Grounded Boxship

Dredging has begun to free a cargo ship stranded in the Chesapeake Bay for more than a week, the U.S. Coast Guard said Monday, reports Pilotonline. Dredging begun A salvage company began dredging around the 1,095-foot...