Kidnapped Seafarers Return Home
A total of 10 Filipino seafarers freed from a reported kidnapping in the Gulf of Guinea arrive in the Philippines.
They were part of 15 crew chemical tanker David B. The ship was...
Polar Tankers Trials 3D-Printed Parts Onboard Oil Tanker
A manufacturing consortium including ABS, Sembcorp Marine and 3D Metalforge have fitted enhanced 3D printed parts to a ConocoPhillips polar oil tanker.
The consortium used additive manufacturing (AM, also known as 3D printing)...
Singapore To Launch 2-Month Consultation on Decarbonization
Singapore's government is seeking suggestions for how it should address decarbonisation in the run-up to 2050.
The government has launched a 2-month consultation exercise seeking suggestions and views on the city-state's Maritime Singapore...
Baltic Dry Index Sees 1.5-Year Peak With High Vessel Rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments, reports Yahoo Finance.
Dry bulk rates The...
EEX Expands Its Dry Bulk Freight Portfolio
The European Energy Exchange (EEX) will expand its range of products for the Dry Bulk Freight market with the launch of Handysize 7TC Freight Futures which will be available for Trade Registration from 19th...
Chinese Shipyard Acquires A New Kamsarmax Carrier
Brokers say Chengxi Shipyard in China has an order from EGPN Bulk Carrier for one kamsarmax bulk carrier. It is believed to be the first newbuilding ordered by Beijing-based EGPN, reports New Ships.About the...
5,800 Vaccinated Americans Contract COVID-19
About 5,800 people who have been vaccinated against coronavirus have become infected anyway, the US Centers for Disease Control and Prevention tells CNN. Some became seriously ill and 74 people died, the CDC said....
Ocean Carriers Invests Heavily In Container Control System
Ocean carriers are investing heavily in container control systems to maximise their box fleets, says an article published in The Loadstar.
Hapag-Lloyd chief executive on current market conditions
Chief executive of Hapag-Lloyd, Rolf Habben Jansen said,...
Singapore’s Low Sulphur Oil Market Shows Stagnating Demand
Stagnating demand in the Singapore low sulfur fuel oil market is not expected to ease in the April 19-23 week, says an article published in S&P Global Platts.
Demand for marine fuel 0.5% sulphur
The Singapore...
Weekly Market Report -Week15, 2021
VLCC
The Arab Gulf sector moved into the slower lull period this week, with April stems nearing
completion and May cargoes only starting to appear. As per the norm over this period, inquires slowed; however, world-scale...