TECO2030 Receives BWTS Order From Wilhelmsen Ship Management
TECO2030 ASA has received an order for 1 TECO2030 Ballast Water Treatment System (BWTS) from Wilhelmsen Ship Management.
Ballasts are reservoirs used to stabilize ships according to their load.
System complies with the...
HMM Records 40-Fold Jump in Profit
The container shipping company’s profit surged more than 40-fold to KRW 5,326 billion ($4.4 billion) in 2021 from KRW 124 billion in 2020, says an article published in Offshore Energy.
Revenue and profit
What is more,...
Vega Reederei Makes Profit In Resale Deal
Vega Reederei has almost doubled its money on the resale of four containerships to French liner CMA CGM, currently under construction at China’s Yangfan Group, says an article published in Splash247.
Profits
According to London-based Braemar...
Bunker Prices May Reflect An Upward Trend
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO, and MGO in the main world hubs) demonstrated slight irregular changes on Feb.11, says an article published on their site.
380...
Bond Market Signals Concern Fed’s Bid To Cool Inflation Will Backfire
Bond markets are signalling increasing concern that the US central bank will derail the recovery from the pandemic by overreacting to severe inflation that is sweeping across the world’s biggest economy, reports Financial Times.
Client...
Putin Has the Power To Intensify Europe’s Energy Crunch
Europe’s energy crisis has already cost governments tens of billions of dollars and a looming confrontation with Russia would only make that worse.
European households are already set to see a 54% increase...
Asia Crude Oil: Key Market Indicators For Feb 14-18
Crude oil futures are expected to remain bullish this week Feb. 14-18 on the back of fresh tensions on the Russia-Ukraine front after the US issued further warnings on Feb. 11 and over the...
Asia Residual Fuels: Key Market Indicators For Feb 14-18
Fewer arbitrage low sulfur fuel oil volumes are expected to arrive in Singapore in March, compared to February, according to initial estimates by traders, who attributed the widening backwardation to the tighter replenishment supply,...
Gibson Tanker Report – Mexican Revamp
When Lopez Obrador was elected as the Mexican president, a key policy pledge of his election campaign was to rescue the country’s energy industry.
For full weekly tanker market report please click here
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Terntank’s First Hybrid Tanker Performing “Zero Emissions” Operations
The new hybrid tanker with a capacity of 16,500 cbm in 14 epoxy coated tanks will sail on LNG or LBG.
The two-hybrid newbuilds are an upgraded version of Terntank’s AVIC series.
Kongsberg’s...