MOL & Kyuden Inks LNG Fuel Supply Pact
Mitsui O.S.K. Lines, Ltd. (MOL) and Kyushu Electric Power Co., Inc. (Kyuden) announced the basic agreement for the supply of liquefied natural gas (LNG) to two LNG-fueled ferries operated by MOL Group company Ferry...
5.1% Fuel Savings Attained From Silverstream Air Lubrication Trial
Shipping company Grimaldi Group has seen fuel savings of 5.1% from its trial of the air lubrication system developed by Silverstream Technologies.
Grimaldi has been testing the system on board its newbuild ro-ro vessel Eco Valencia, Silverstream said in...
USTC Acquires Tech Platform BunkerEx
Denmark’s USTC acquires online bunker broking platform BunkerEx, says an article published on Splash247.
Online automated pricing tool
BunkerEx functions as an online automated pricing tool and is integrated with WhatsApp, enabling clients to track...
Prioritizing Lesser Diesel Emissions and Increasing Standards
Air pollution from fine particulate matter (PM2.5) is increasingly driving the global burden of disease, and diesel-powered vehicles are substantial contributors.
Recognizing the public health impacts of diesel PM2.5 (DPM) , many countries...
US-to-Asia Naphtha Shipments Gain Momentum Due To Slim Arbitrage
Tighter supply in Asia kickstarted chartering activity for US-to-Asia naphtha arbitrage flows, amid tighter supply in Asia due to the logistical chokehold at the Suez Canal.
While the mega container ship Ever Given was...
Crude Oil Futures Edge Higher on Optimism Over OPEC+ Meeting
Crude oil futures edged higher during mid-morning trade in Asia March 30 as optimism over the OPEC+ coalition persisting with its supply cuts and expectations of increased downstream products demand supported the market, although...
No Entry Fee for Ships Powered by LNG
Japan’s port of Tokyo will waive an entry fee from next month for ships powered by liquefied natural gas (LNG) and hydrogen, as well as LNG bunkering ships, in a bid to promote the...
Shippers Feel the Heat, Containerships Rates on High
Shippers are facing increasingly difficult negotiations over long-term contracted rates in a market described as nothing less than “red hot”.
Rates climbed by a further 2.2% in March, consolidating gains of 9.6% in...
Covid 19 Pushes World Leaders for A Global Treaty
Prime Minister Boris Johnson has joined more than 20 world leaders in calling for a new global settlement to help the world prepare for future pandemics.
In a newspaper article the leaders, including...
WHO Draft Report Reveals Origin of Coronavirus
Covid-19 probably came to people through an animal, and likely started spreading no more than a month or two before it was noticed in December of 2019, a World Health Organization draft report finds,...