World Container Index 169% Higher Than a Year Ago
Drewry’s composite World Container Index increased marginally to $9,292.39 per 40ft container this week.
Drewry’s detailed assessment for Thursday,16 December 2021
The composite index increased marginally this week, and, remains 169% higher than a year...
Will Bitcoin Replace Dollar?
The co-founder of Twitter and Block is a crypto supporter, but he isn't a fan of how Web 3 is being funded as reported by Coin Desk.
Bitcoin
Bitcoin (BTC) will replace the U.S. dollar Jack...
WHO Urges People To Cancel Christmas Party Plans
The World Health Organization has urged people to cancel some of their holiday plans to protect public health, as the Omicron variant spreads globally, reports BBC.
Strict travel curbs
New Year's Eve celebrations in London's Trafalgar...
US $ 200,000 As Demurrage For 3 LNG Tankers
Litro Gas on Monday (20) announced that over US $ 200,000 will have to be paid as demurrages for retaining gas tankers due to the delay in the testing process.
Demurrage is a...
Venture Global LNG and CNOOC Gas & Power Ink LNG Sales and Purchase Agreements
Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA).
This marks...
NCLH Equips 70% of Its Fleet With Innovative Environmental Technology
Norwegian Cruise Line Holdings (NCLH), announced the successful completion of its nearly US$200M.
It is a multi-year investment in exhaust gas cleaning systems (EGCS) aboard 13 ships across its fleet.
A recent news article...
$6.4bn Deal Propels MSC’s Significant Presence in Africa
Bolloré Group said it had offered Geneva-headquartered MSC exclusivity until 31 March 2022 to allow for further due diligence and contract negotiations.
The French company said the offer with an enterprise value of...
Cargo Ship Sinks, 17 Dead and 68 Missing
A cargo ship illegally carrying 130 passengers sank off Madagascar’s northeastern coast.
The incident leads to the killing of at least 17 people and leaving 68 missing.
A recent news article published in the...
Singapore Bunker Fuel Market Expected To Hit $24.5b By 2030
The Singapore bunker fuels market was estimated at $17.6 billion in 2020 and is expected to hit $24.5 billion by 2030, registering a CAGR of 3.5% from 2021 to 2030, reads a GlobeNewsWire press...
Oil Prices Crash Amid Omicron Panic
Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market, reports Oil Price.
Oil prices plunge
At 11:32 a.m. EDT, WTI crude was...