Chaos In Shipping Industry Is Expected Later This Year And Why?
A Splash 247 news article written by Sam Chambers states that empty container avalanche predicted to cause chaos later this year.
Empty containers to cause some chaos
When global supply chains snap back to some form of...
Bulk Carrier Collides With Containership in Port
A recent news article published in the Maritime Bulletin states that bulk carrier broke off moorings, collided with container ship, ran aground, Taiwan.
Storm lashes Bulk carrier
Bulk carrier XIANG FU broke off her moorings at...
AMP Conducts Maritime Inspections To Verify Working Conditions Onboard
The Panama Maritime Authority (AMP), through the Department of Maritime Labor Affairs of the General Directorate of Seafarers (DGGM) carried out, during 2021 at national level, 289 maritime labor inspections on board ships of...
Abandoned Burning Carrier Had $400m Cargo of Luxury Cars
Cargo onboard the burning car carrier Felicity Ace has an estimated value of $401m, reports Seatrade Maritime News quoting the risk analysts Russell Group.
Fire aboard ship
The fire onboard 2005-built car carrier Felicity Ace in...
China Sees Drop in Weekly Coastal Bulk Freight Index
China's coastal bulk freight market saw a decrease in general demand in the week ending Friday, reports Xinhuanet News quoting the Shanghai Shipping Exchange (SSE).
Drop in general demand
The composite index for coastal bulk freight...
Shell To Supply More LNG To Europe Amid ‘Incredibly’ Tight Gas Market
Warns of more volatility if Russia hit by sanctions
Calls on Europe to be 'proactive' on supply security
LNG cargoes likely to continue to come to Europe
Shell is prepared to do what it...
Oil Rises Amid Bullish Market and Ukraine Tensions
Oil rose as leading market participants said they expect global demand to continue its powerful recovery from the pandemic and tensions mounted over Ukraine, reports Yahoo Finance.
Demand surge in Asia
West Texas Intermediate traded near...
Fearnleys Weekly Report – Week 07, 2022
An interesting week on the front pages of the newspapers, but in the VLCC world.
For full report click here
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Source: Fearnpulse
Panama January Bunker Sales Lose 7.2%
Total sales reached 451,664 mt in January, according to preliminary data from the Panama Maritime Authority (AMP).
Demand in Singapore in January fell by 10.4% on a yearly basis and by 3.5% on...
Dying Coal Plant Revived By Bitcoin Miners
Critics say the enormous electricity consumption needed to sustain cryptocurrency is fueling the climate crisis.
Marathon, a bitcoin mining company, became the sole recipient of the power station’s electricity.
Planet-heating emissions from the...