Backers For The Nuclear Powered Ships Rise
Support is growing for Mikal Bøe-led Core Power, a high profile developer of nuclear propulsion for merchant ships.
First launched in 2018, Core Power today can boast 49 shipping companies as backers of...
What Is Key For Emissions Reductions?
A recent news article published in the Riviera states that fuel efficiency is key for emissions reduction.
Fuel efficiency and Decarbonization
When it comes to decarbonisation, fuel efficiency is one of the most important methods shipowners...
Cost Of Carbon Would Be Reflected In Overall Bunker Price
Putting the cost of carbon into the price of bunker fuel could form part of the UK's effort to get to net-zero, according to a UK government consultation paper.
As it presently stands,...
A Nationwide Campaign To Reduce Carbon Emission
Rwanda Environment Management Authority (REMA) launches a nationwide campaign to reduce vehicle carbon emissions.
It is a part of the country's broader efforts to promote a carbon-neutral economy.
A recent news article published in...
10 Men Arrested For Illegal Transaction Of Marine Gas Oil
A recent news article published in the Manifold Times states that 10 men arrested over illegal MGO transaction, SGD 31,000 seized.
PCG arrests 10 men
The Police Coast Guard (PCG) on Friday (25 March) said it...
What Are the Factors Affecting the Container Rates?
2022 looks set to be another bumper year for container lines, but what are the factors applying the brakes to container rates, reports Seatrade Maritime News.
Supply/demand imbalance
In its 2022 container shipping report, AlixPartners noted...
Crude Oil Futures Collapse Amid Shanghai Lockdown
Crude oil futures tumbled in mid-morning Asian trade March 28 after the Shanghai government locked down half the city for mass testing as COVID-19 cases there hit a record high.
Brent futures dip
At 11 am...
Europe Struggles With 2 Gas-Connected Crises, Experts Say
A drive to end European use of Russian fossil fuels is deepening concerns among green groups that the effort could slow rather than accelerate the region’s pursuit of clean energy. And a deal struck...
Cargo Transport Comes To Halt Amid the Impending Lockdown
Manufacturing and cargo transport in Shanghai is expected to grind to a halt this week, as China doubles-down on its zero-Covid policy and plunges the city into lockdown, reports the Loadstar.
2-stage lockdown
Local authorities announced...
Global Bunker Demand Up 3.5% In 2021
5.7% average gain from Q4 2020
2.2% rise from Q3 2021
Full-year 2021 3.5% higher than 2020
Demand at key marine fuel hubs jumped by 5.7% in the fourth quarter of 2021 from a...