Global Merchant Fleet Surpassed $1trn This Month
The value of the global merchant fleet has surpassed $1trn this month on the back of surging secondhand prices in the containership and dry bulk segments, according to new research from Clarkson Research Services.
Secondhand...
Impact of Continuous Losses on Employees
Samsung Heavy Industries CFO Bae Jin-han has announced through in-house broadcasting that the company could suffer capital impairment and also hinted at the possibility of a major personnel restructuring and a walkout if the...
What Will Happen To The GA Process With Ever Given Arrested?
The Suez Canal Authority decides to arrest the Ever Given, as leverage for its $916m insurance claim against the vessel owner, says an article published in The Loadstar.
What happens to the GA process?
After the...
[Infographic] 5 New Incidents Against Ships in Singapore Strait
Singapore’s Information Fusion Centre (IFC) published its latest infographic, marking five new incidents against ships in the Singapore Strait as of 12 April 2021. Let us have a look into it in detail.Key facts...
Oil Prices and Dry Bulk Stocks, Is Super Cycle Beginning?
Dry bulk stocks were the best performers (up 50.3% YTD) among the sectors we cover. and are pricing in 1.34x times NAV on average.
The time-charter rates too are at a multi-year high....
Essar Oil’s Refinery Supplies 740 Tankers Crude Oil
Essar Oil’s huge refinery at Stanlow supplies 16% of the UK’s road fuel and its round-the-clock operation sees 740 tankers and 9m tonnes of crude oil in the Mersey estuary each year.
Around...
LNG as Marine Fuel, 2nd Life Cycle GHG Emission Study
The study reconfirmed that greenhouse gas (GHG) reductions of up to 23 % are achievable now from LNG as a marine fuel.
It is in comparison with current oil-based marine fuels over the...
All Adults in U.S. Eligible for COVID-19 Vaccine, Biden’s Deadline Met
All 50 U.S. states, plus Washington, D.C. and Puerto Rico, have made U.S. adults over the age of 16 eligible for COVID-19 vaccines.
It has successfully met the April 19 deadline set by...
Container Shipping Sees Stronger Import Demand Amid Pandemic
A UNCTAD press release discusses how the COVID-19 pandemic has affected the container shipping sector.
Strong downturn in sea trade
At the start of the COVID-19 pandemic, expectations were that seaborne trade, including containerized trade, would...
Maersk & LR Guidance for Safe Use of Ammonia as Fuel
Lloyd’s Register’s Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, along with A.P. Moller-Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Total, have formed a new project aimed at developing...