Rotterdam 2021 Annual Bunker Sales Down By 0.5%

Conventional bunker sales at Rotterdam, the world's second-largest marine fuels hub, were essentially flat last year having declined just 0.5% overall in 2021 after a year-on-year decline in the fourth quarter. Total conventional...

Rising Oil Prices and Relief in Sight

Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline...

Maersk To Install Ship-charging Buoys To Reduce Air Pollution

Shipping group Maersk plans to install hundreds of offshore charging stations around the world. It will allow vessels to power themselves with electricity instead of fossil fuels while waiting outside ports, it said...

Global Shipping’s CO2 Emissions Rise By 4.9% In 2021

Rise to 833m tonnes in CO2 emissions seen despite intensifying regulatory landscape and reduction targets. GLOBAL shipping’s carbon dioxide emissions posted year-on-year gains of 4.9% in 2021 and were higher than 2019, according...

Crude Moves Up Amid Mounting Geopolitical Tensions

Crude oil prices rose during early morning trade in Europe Jan. 25 amid increased concerns about rising interest rates in the US and geopolitical tensions between Russia and Ukraine, reports Platts. At 12:15 am London...

[FAQ] How To Survive A Sinking Ship?

History is stuffed with tragic tales of lives lost at sea all through the ages. Whether by a tragic accident, dangerous climate, aggressive motion throughout a battle, piracy or different causes. Countless folks have...

ESG Finishes Major Infrastructure Project To Aid USCG Program

Eastern Shipbuilding Group, Inc. announced the completion of a new, state-of-the-art aluminum superstructure fabrication and assembly hall at its Nelson Street Shipyard. This major infrastructure project further optimizes ESG’s Nelson Street Facility to...

Trade Flows Flip Once Again Amid Cargo Diversion

Interbasin spreads have come in recently Reversal of December trend sign of market volatility Several LNG cargoes heading to Europe for February delivery were heard to have been diverted recently to Asia amid an...

Shipping Major Eye Majority Stake in Alitalia Successor

German carrier Lufthansa and Italian shipping company MSC have expressed an interest in acquiring a majority stake in Alitalia’s successor ITA Airways. ITA said it received the declaration of interest and the proposal...

Pfizer, BioNTech Begin Omicron Vaccine Trial

Pfizer and BioNTech have begun enrollment for a clinical trial to test the safety and immune response of their Omicron-specific COVID-19 vaccine in adults aged up to 55, the companies say in a statement,...