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...
World Container Index Remained Steady
Drewry’s composite World Container index remained steady at $9,186.39 per 40ft container this week.
Drewry’s detailed assessment for Thursday, 25 November 2021
The composite index remained stable this week, but remains 224% higher than a...
Alfa Laval – Orcan Energy Ink Cooperation Agreement for the Maritime Market
Alfa Laval and Orcan Energy have signed a cooperation agreement regarding sales of marine energy efficiency solutions based on Orcan’s Organic Rankine Cycle (ORC) technology, says a press release published on their website.
Way to...
Why Midsized Shipbuilders’ Orders Bounce Back?
New orders for ships have been won by South Korea's midsized shipbuilders.
It is more than doubled in the first 10 months of the year from a year earlier after finalizing their sale...
Bunker Surcharges Hike Puts Pressure On Shippers
Huge hikes in FAK rates over the past 18 months follows, as oil prices surge.
Shippers now face significant increases in bunker surcharges .
A recent Loadstar news by Mike Wackett states that shippers...
Greek Shipping Legend, Philip Embiricos, Passes Away At 78
Greek shipping magnate Philip Alexander Embiricos Coumoundouros died peacefully in Paris on November 20.
He was 78 years old.
A Greek Reporter news source has revealed that Greek Shipping Legend, Philip Embiricos, Dies at...
An Element of Risk for Shippers Signing New Long-term Contracts
Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year.
But thereafter the jury is out on the direction of the spot market.
And...
Report Warns China of ‘Colossal’ COVID Outbreak
China could face more than 630,000 COVID-19 infections a day if it dropped its zero-tolerance policies by lifting travel curbs, according to a study by Peking University mathematicians.
A report has been published...
This Investment Management Company Announces Green Shipping Fund
PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that...