Asia Light Ends: Key Market Indicators For Oct 11-15
Asia's light end markets were trading higher in mid-morning trade Oct. 11 on firmer crude futures, with gasoline further supported by improving demand in India, Pakistan and Southeast Asia, while naphtha buying activity is...
Important Points That Worth In Shipbuilding Contracts For Ships
Points that are worth considering when entering into new building contracts for ships fitted with a wind propulsion device.
With a growing number of shipbuilding financiers endorsing the Poseidon Principles there is appetite...
GasLog Strikes A $325m Refinancing Deal
LNG shipping player GasLog has landed a refinancing deal through a note purchase from the US-based investment firm Carlyle and energy and energy-related infrastructure investor EIG.
The two companies have signed up for...
Carriers Walk Away From Their Contracts and What Next?
Time and tides wait for no-one and, so it seems, after the flood comes the ebb tide.
Shipping lines seeking renewal of contracts with customers are looking to lock shippers into long-term deals...
Industrial Majors Collaborate on Delivering Decarbonized Hydrogen
Sembcorp, Mitsubishi and Chiyoda will collaborate on exploring the supply chain commercialization of decarbonized hydrogen into Singapore, using Chiyoda’s tech SPERA Hydrogen, reads a Sembcorp media release.
Commercialization of decarbonized hydrogen
On 4 October, the Japanese...
“K“ Line Conducts Emergency Response Exercise
On October 7th, 2021, “the Emergency Response Exercise” was carried out as a part of training of optimum emergency response prepared for any major maritime accidents, reads a "K" Line press release.
Setting up crisis-management
The...
Maersk Suspends 5 Crew After Allegations of Rape
Allegations of rape are 'widespread in the container shipping industry', according to a female cadet.
She claims that she was raped while serving a year at sea on a Maersk Line vessel.
A recent...
Can An AI Based Headband Make People Calmer?
The headband uses an AI (artificial intelligence) software algorithm to monitor 1,250 "data points" in a person's brainwave signals.
Connected to a mobile phone app, it then scores them on a scale of...
IBM To Attempt ‘Another’ Uncrewed Atlantic Crossing
IBM and a non-profit company, ProMare, failed to send their 49-foot Mayflower autonomous ship across the Atlantic back in June. Now they are almost ready to try again, reports Hackaday.
The Mayflower will recreate the...
Shell JV Orders World’s 1st LNG-fueled Wind-assisted CO2 Carrier
The Northern Lights joint venture has awarded contracts for the construction of two dedicated CO2 carriers to Dalian Shipbuilding Industry Co., Ltd, reports the company website.
Vessels to transport liquid CO2
As part of the first...