Fujairah Announced to Publish Monthly Bunker Sales Volume
At the 12th Fujairah International Bunkering and Fuel Oil Virtual Forum (FUJCON 2021) held on Tuesday (23 March) and Wednesday (24 March) Captain Salem Al Hamoudi, Director, Fujairah Oil Industry Zone announced the Port...
Foreship Expects Scrubber Demand to Increase
Independent naval architect and marine engineering specialist Foreship on Friday (26 March) said with around 60 exhaust gas scrubber references it suggests that better than expected return on investments from open loop systems will...
Experts Expect Oil Companies To Reduce Output After Suez Crisis
Traders have to deal with many varied and obscure headlines whilst sitting at their screens. And today is no exception with the Suez Canal potentially getting back to normal while some huge investment banks...
ABB’s Turbocharger Boosts Efficiency With Cleaner Fuels
Shipowners can find more efficiency and reduced emissions from their two-stroke engines by applying the latest turbocharging technology, reports Riviera.
New regulationsTankers and bulk carrier tonnage will have to shoulder most of the added pressure...
LNG Shipping Costs Witness A Tumultuous Ride In 2021
Early 2021 witnessed a strong rebound in the regional LNG markets, with Asian spot LNG prices hitting over $30 mmBtu and European hub-based spot prices reaching almost $10 mmBtu, which was impressive compared to...
Muted Vessel Demand Pulls Baltic Index Down By 2.7%
The Baltic Exchange's main sea freight index declined on Tuesday, reports Yahoo Finance.
Baltic index decline
The Baltic Exchange's main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed...
30% Capacity Plunge Post Suez Blockage, Predicts Maersk
The build-up of ships waiting at the just-reopened Suez Canal could trigger a capacity plunge of up to 30 percent in the comings weeks, says Maersk.
Container lines and analysts project weeks and...
MOL & Enviva Ink MoU To Explore GHG Emission Reduction
Mitsui O.S.K. Lines (MOL) and Enviva, have signed a memorandum of understanding agreement to develop and deploy an environmentally friendly bulk carrier, says a press release published on their website.
MoU signed
Enviva, a global energy...
Yang Ming’s Optimistic Outlook for H1 2021
Yang Ming Marine Transport Corp gave an optimistic outlook for the first half of this year on expectations that container shipping rates would remain high, reports TaipeiTimes.
High freight rates
Yang Ming president Patrick Tu told...
The War Against Covid Is Far From Won, Says Biden
According to a recently published article on CNN, President Joe Biden told Americans that the war versus Covid is “far from won".
CDC's warnings
"The CDC expressed earlier, this is not a time to lessen our...