LNG Buyers Rethink Procurement Plans Due To Surge In Spot Prices

 This winter's LNG supply constraints and the associated surge in Asian spot LNG prices in mid-January have prompted buyers to rethink their procurement strategies, given sellers' opportunity to market long-term deals with renewed vigor, and...

Key Advantages of Autonomous Shipping

Autonomous ships are good for business, for the environment and improves safety both at sea and on land. Autonomy introduces a new competition area for short-sea shipping and opens a larger market for maritime...

Star Bulk To Capitalise On Scorpio’s Dry Bulk Exit

Star Bulk is the latest company seeking to capitalize on Scorpio Bulkers's exit from dry bulk, taking on seven of its ships, reports Ship&Bunker. The massive buy Star Bulk has agreed to buy the SBI Pegasus,...

Pan Ocean Shares To Rise in 2021, Uptrend BDI

Ocean shipping in favor in 2021, shipbuilding in 2022; top pick is Pan Ocean. Shipbuilding and ocean shipping stocks have been following a similar pattern as in the market upturn of 2017. The...

Samsung Heavy Wins A $206 M Order

Samsung Heavy Industries Co. wins a 230 billion-won ($206 million) order from an Oceanian company. Under the deal, two 13,000 twenty-foot equivalent unit (TEU) container carriers will be delivered from the first half...

Guidelines for Floating Structures Issued

 Ministry of Ports, Shipping and Waterways has issued the guidelines for floating structures with a vision to set up world-class floating infrastructure all along the coastline in the upcoming projects as per the provisions...

Covid 19 Vaccine Stopped, Less Effective Against New Strain

Drugmaker AstraZeneca is racing to adapt its Covid-19 vaccine in the face of new variants of the virus. The process has become more urgent after the outcome of a small-scale study. The study...

Songa Container Announced Sale of Post-Panamax Boxship

Arne Blystad’s Songa Container has announced the sale of 2013-built 4,957 teu post-panamax boxship Songa Toscana, says an article published in splash247. Valuation The vessel was sold for $42.3m, far in excess of the $32.7m valuation according...

Experts Warn of Jumping Conclusions As COVID Oxford Vaccine Rollout Halted

According to a BBC report, South Africa has put its rollout of the Oxford-AstraZeneca vaccine on hold after a study showed "disappointing" results against its new Covid variant.Scientists say the variant accounts for...

Towards Ammonia Fueled Ship Commercialization

Introducing 3 mil mt/year of fuel ammonia by 2030 with cost cut target Finalizing detailed ammonia procurement plans in next several years: official Aims to develop 100 mil mt/year fuel ammonia supply networks...