[Watch] Crude Rates Record 9-Months High Amid Surging Metal Prices
Crude oil prices touch 9-month highs, iron ore prices surge for delivery to China, and Asia's methanol supply tightens further, reports Platts.All eyes are on benchmark crude oil prices this week, after front-month ICE...
Boxship Freight Rates Climb Amid Steady Asian Chemical Market
Asian chemical tanker freight discussions continued to fluctuate within a narrow band this week, much unlike the strongly bullish sentiment seen in container shipping market, reports ICIS.As long as vessel supply condition differs, such...
Mislaid Gangway Aboard Vessel Causes Fatal Injury
The Nautical Institute reports of a fatal accident due to a misplaced gangway.
The Incident
A small container vessel was secured in port.A couple of visitors had boarded and, in the early morning hours, they...
No Way AI Can Replace Intelligent Human
The ups and downs of 2020, as well as market and operational complexities, underline one simple fact.
No system can replace an intelligent human who asks the right questions and is backed up...
Ambitious 2-degree Scenario A Threat To LNG Growth
Analysts sounded an alarm for LNG as the production of the superchilled fuel involves a certain amount of greenhouse gas emissions.
Now, Wood Mackenzie is warning that global energy transition goals could threaten...
Container Stack Collapse – What You Need To Know About It
The containers on board the largest container vessels are stowed up to 40 meters above the waterline and 60 meters wide across the deck.
Investigations following the APL China incident in 1998 revealed...
Survey Suggests ONE Apus Cargo Claims Could Top $200m
Unloading of containers of the badly damaged ONE Apus is proceeding slowly at the Japanese port of Kobe.
The operation to remove all boxes is expected to take more than a month.The 14,000...
LNG Market Strikes Gold with Rising Asia and US Exports
A strong rise in prices in Asia and record US exports show how demand for LNG is bouncing back.
LNG prices in Asia have risen from lows around US$2 per million British thermal...
$100 Billion-a-year for LNG Market in Vulnerable Arctic
The length of the shipping season in the Arctic is one of the most tangible signs that the region is warming more than twice as fast as the rest of the world.
In...
Norwegian Cruise Line Looks Into Legalizing Mandatory COVID-19 Vaccination
The initial wave of coronavirus vaccines have begun to ship to doctors and pharmacies across the country, and the first group to receive them – healthcare workers and nursing home residents – could conceivably...