Shipping’s Extreme Consolidation Can Prolong Supply Chain Distress
Just 16 companies control 80% of world’s liner shipping, container production and box-leasing capacity.
Three main decision-making groups steer vessel and equipment pricing and availability.
Containers used to move ocean cargo are owned...
Shanghai Salvage Bags X-Press Pearl Wreckage Removal Contract
Shanghai Salvage, a division of China's Ministry of Transport, has won the contract to remove the wreck of the sunken container ship X-Press Pearl from waters off the coast of Sri Lanka, reports the...
Shell Shifts Tax Base To UK & Ditches Dual Share Structure
Energy major Royal Dutch Shell has moved to simplify the company’s share structure as part of a push to accelerate its transition to a net-zero company.
As a result, the company will also...
Largest Container Lines Post Record Profit Jump In Q3
Container lines raked in massive profits in the third quarter.
South Korean line HMM reported net profits up a staggering 9239.2% in Q3 2021.
Intra-Asia and feeder company Regional Container Lines (RCL) reported...
Biofuel Blend for Ships Sees A New Marketing Avenue
GAC Bunker Fuels has signed a deal to market a biofuel blend for ships produced by Dubai-based Neutral Fuels.
The two firms will also seek to increase supply points for the fuel across the Middle East and Africa.
A...
Multi-trillion-dollar Opportunity To Rewire the Global Energy System
The global oil and gas industry has sleepwalked into a supply crunch.
And needs to invest more than $600bn/yr for the rest of this decade to meet expected demand growth.
A recent Argus Media...
Global Sulphur Cap Jeopardizes Fuel Prices
The price gap between high and low sulphur fuel oil has widened to extremes.
It is not seen since around the introduction of the global sulphur cap in January 2020.
A Splash247 news source...
Chinese Subsidiary Incorporates With Leading German Operator
Chinese, state-owned China Merchants Jinling Shipyard (CMJL) subsidiary, Dingheng shipyard, has ordered an integrated HyProp ECO propulsion solution from MAN Energy Solutions in connection with the building.
The order includes options for an...
Why Do Shipowners Face Higher Bunker Prices?
Shipowners switching to biomethanol as a marine fuel to curb CO2 emissions would face higher bunker bills at today's prices.
Even after accounting for the added cost of CO2 life cycle emissions from...
P2F Conversions Surge After COVID19 Stimulates
An air cargo capacity crunch due to a perfect storm of increased demand and a sharp fall in supply has led to a boom in passenger-to-freighter conversions.
Hot Commodity Analysis from the AirInsight...