East of Suez Bunker Fuel Availability Outlook
Bunker supply resumed fully in Zhoushan, Hong Kong and South Korea in the past week after muted activity during the Lunar New Year holiday, reports ENGINE.
VLSFO and HSFO380
VLSFO and HSFO380 availability remains tight...
MOL Inks Charter Contract for a Newbuilding Ice-Breaking Carrier
Mitsui O.S.K. Lines, Ltd. (MOL) announced that on January 26, it agreed to participate in cargo transport for the Arctic LNG 2 Project on Russia’s Gydan Peninsula, and signed, through a MOL subsidiary, a...
Royal Wagenborg Renews And Extends Contract With Castor Marine
Castor Marine will equip an additional 15 Wagenborg vessels, currently on 4G, with VSAT. Castor Marine is proud of Wagenborg’s trust in its services.
For more than eight years the company has provided...
UK Eyes Increased On-Shore Power For Shipping at British Ports
Shore power will be vital to decarbonizing the maritime sector, the government
The BPA cited examples including the Port of Hamburg, where a 33.5 MW capacity project in 2022 would cost Eur76 million
...
Japan’s LNG Stock Prices Fall Ahead Of Snowfall Forecast
METI does not have directly comparable data for the same week last year, but at the end of February 2021 stocks stood at 2.3 million mt.
Stocks at end January 2021 stood at...
Oil Slides over 2% From 7-Year High
A deal could return more than 1 million barrels per day (bpd) of Iranian oil to the market, boosting global supply by about 1%.
Both benchmarks, however, face extreme backwardation in the coming...
Flush With Cash, Maersk Expects To Repeat Record $24bn in 2022
In line with its updated guidance for 2021 issued last month the company reported an EBITDA of $24bn for 2021, nearly three times the $8.2bn EBITDA Maersk reported for 2020. Maersk’s revenues were up...
Perfecting A 500 Year Old Helicopter Design!
Aerospace Engineering student Austin Prete from the University of Maryland spent nearly two years perfecting a helicopter design that was sketched some 500 years ago. Prete had access to modern materials and did what...
How To Achieve The IMO’s Decarbonisation Goals?
The shipping industry has the ability to hit its international decarbonisation goals by following pathways identified by global experts, reports Ricardo.
Large Scale deployment
A new evidence-based study outlines the need for large-scale deployment of new...
More Virulent HIV Strain discovered in Netherlands
A more aggressive HIV strain that could cause patients to develop AIDS twice as fast has been discovered in the Netherlands. Despite its strength, experts aren’t sounding the alarm, saying there is no health...