Costa Builds Its Third LNG-fueled Cruise Ship
The Costa Group – which includes the Costa Cruises and AIDA Cruises brands – was the first to pioneer LNG on cruise ships.
Its LNG-powered ships include AIDAnova and Costa Smeralda, already in service; Costa Toscana, delivered in...
Venezuela To Start Diluted Crude Export After 9 Months
Venezuelan state-run oil firm PDVSA this week will resume exports of diluted crude oil (DCO) for the first time in nine months.
Since U.S. trade sanctions were imposed on PDVSA in 2019, a...
ClarkSea Index Reached A 13-year High in 2021
Clarkson’s cross-sector ClarkSea Index hit a 13-year high in 2021, climbing to $28,700 a day, more than twice the $13,697 ten-year average, the shipbroker has revealed.
A diverse range of sectors yielded high returns,...
BIMCO’s New SEV-GUARDCON Contract
BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs).
The contract is expected to be published in early 2022.
A standard club news source says that BIMCO launches new...
[Watch] Giant Jurassic “Sea Dragon” Fossil
Paleontologists have made a massive discovery in the United Kingdom's smallest county — the 180-million-year-old fossilized remains of a giant Jurassic "sea dragon."
Disclaimer: This video is intended for informational purpose only. This may not...
ExxonMobil’s New Renewable Fuels Production Goal
Moves ExxonMobil closer to renewable fuels production goal
Adds exposure to European markets
A recent news article published in the Platts states that ExxonMobil buys 49.9% stake in Norwegian biofuels producer Biojet.
ExxonMobil buys stake...
Baltic Index Falls To 9-Month Low, Loses 126 Points
The Baltic Exchange's dry bulk sea freight index dropped to its lowest level since April 2021 on Tuesday, reports Reuters.
Baltic index fall
The Baltic Exchange's dry bulk sea freight index dropped to its lowest level...
Port Congestion Incurs Additional $321 M Expenses for Shippers
Extensive attention on how increased shipping times, congestion at the ports, and backlogs along the supply chain were leading to short supplies that consumers were experiencing.
The delays were also further adding to...
How Effective Is The Booster Dose Against Omicron?
“The two doses, they’re not enough for omicron,” Pfizer CEO Albert Bourla said.
Bourla said the two-dose vaccine does not provide robust protection against infection and its ability to prevent hospitalization has also...
Box Ship Rates Boom While Dry Bulk Scrapping Slumps
Containerships comprise less than 1% of all tonnage scrapped as record-breaking freight rates kept elderly ships trading.
SCRAPPING of vessels remained at below-average levels in 2021 as booming containership and dry bulk rates...