How Much Is The Shipping Schedule Reliability In 2021?

Sea-Intelligence has published its new Global Liner Performance (GLP) report, with schedule reliability figures up to and including November 2021. The report covers schedule reliability across 34 different trade lanes and 60+ carriers. A recent...

COSCO Containership Suffered Loss Of Propulsion

A recent news article  published in the Maritime Bulletin states that COSCO 20,000 TEU container ship troubled off Portugal. Unspecified damage troubles COSCO Ship Ultra Large Container Vessel (ULCV) COSCO SHIPPING VIRGO according to Portugal Maritime...

Global Tankers Freight Recovery Likely To Be Slow

Replenishing oil inventories to support Products trade to boost clean earnings Scrappings slow Global tanker markets are expected to see better days in 2022 on the back of a likely increase in trade of...

Asia Light Ends: Key Market Indicators for Dec 27-31

Platts reports of the key market indicators of Asia Light Ends from December 27 to 31. Asia light end markets At the start of the Dec. 27-31 week, Asia's light end markets were buoyed by gains...

Asian Oil Buyers Have ‘Little Room’ To Play Around With SPRs

With the energy security aspirations of Asia's biggest four oil importers—China, India, Japan and South Korea—perpetually vulnerable to global price gyrations, they have increasingly expanded their SPR capacity over the past decades—an effort to...

How Will COP26 Impact Sustainability Movement of Freight Industry?

Following the long-awaited Climate Change Conference (COP26) in Glasgow, Scotland in November, FreightWaves asked industry experts how to predict how COP26 will affect the freight industry in the future. Prioritization of sustainability and net zero...

Tanker & Container Decarbonization Falls Behind Other Shipping Sectors

Tankers, containers will need infrastructure across more ports Passenger, specialist vessels operating on linear routes likely first movers Early adoption implies 2.5%/year of bunker demand switching to renewable Alternative fuels around twice as...

China’s Fierce Competition With Singapore In Marine Fuel Sales

  Singapore has long been Asia’s largest bunker fuel supplier, but this situation may change due to the emergence of China. China, the world’s second largest economy, now having the ability to attract more...

Soaring Omicron Cases To Ruin New Year Trips

U.S. airlines canceled more than 1,300 flights on Sunday as COVID-19 thinned out the number of available crews, while several cruise ships had to cancel stops after outbreaks on board, upending the plans of...

Höegh LNG Partners LP Announces Update On Refinancing

Hamilton, Bermuda, 27 December 2021 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that Höegh LNG Partners LP has announced completion of the refinancing of the commercial tranche of the PGN FSRU Lampung debt facility and...