ABB Azipod Receives The Finnish Engineering Award
The annual Finnish Engineering Award is given by TEK, Finland's largest association for academic engineers and architects, for a creditable invention and practical application that puts theory into practice.
ABB's Azipod® propulsion system,...
Robotics Company Warns About Impacts On Margin
After reporting a 95% increase in third-quarter revenue to $84.7 million, AutoStore (AUTO.OL) stated on Wednesday that it is experiencing a shortage of specific components, which will have an immediate impact on earnings margins...
Why Does This Country Have The Highest COVID Death Rate?
Despite its remote location, the Peruvian city of Iquitos on the Amazon River was one of the first parts of the country to be hard hit by COVID-19.
He says that in those...
Leading VLGC Owner Positive About Freight Rates Moving Forward
Avance Gas Holding Ltd reported unaudited results for the third quarter 2021.
Highlights
• The average time charter equivalent (TCE) rate was $27,548/day compared to $27,730/day in Q2 2021. TCE includes a ballast cost of $689/day...
MSC Cruises To Send Another Brand New Mega Ship To Miami
The MSC Seascape is currently being built in Italy at the Fincantieri shipyard. The ship was floated out of the dry dock for the first time this week, marking a major construction milestone as...
[Watch] Large Containership Breaks Moorings and Briefly Grounds
Strong winds caused a 366-meter-long containership to break free from its moorings and run aground at the Port of Prince Rupert in British Columbia, Canada, reports GCaptain.
Ship refloated
The incident took place Wednesday afternoon at...
New COVID 19 Variant Plummets Lightends’ Crude Oil Prices
Naphtha sentiment is mixed Naphtha CIF NWE closed at $662/mt on Nov. 26, down 10.1% on the day and $75/mt.
Despite the more bearish sentiment observed in naphtha outright prices, and particularly for...
[Watch] Shipping Delays Dampening The Thanksgiving Day Holiday Sales
The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork, reports Al Jazeera English.
China's zero-tolerance approach to the coronavirus has not helped: in May...
Who Owns The Oil?
Rotterdam city centre sits a few miles inland from the North Sea, its skyscrapers and office buildings lining the New Meuse River, a tributary of the Rhine.
The depots are owned by companies...
BIMCO COVID-19 Weekly Report – 26 November 2021
This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club, and the latest from the International Maritime Organization (IMO).
Every...