Analytics Predicted Global Oil Demand Will Rise in 2021
Global oil demand will rise in 2021, but not enough to surpass 2019 levels as the coronavirus pandemic continues to weigh on transportation fuel demand, especially jet fuel, says an article published in S&P...
Ground Breaking Technology Transforms Classic Photo into Colour
For decades, the river Tyne clattered and hummed to the sound of shipbuilding.
Hundreds of vessels of every kind were built at different yards.
The town's Swan Hunter yard was renowned the world...
Will The Shipping Industry Help Curb The Overflow Of Marine Plastics?
No one these days can deny the huge problem plastics poses to our planet and oceans. Marine plastics are suffocating coral propyls, smothering the ocean floor, strangling and killing marine life. Further up the...
Coronavirus Scare on “Cruise-to-nowhere” Becomes A False Alarm
A passenger who tested COVID19 positive aboard a “cruise-to-nowhere” from Singapore has been found not to have the virus, Singapore’s health ministry said.
The initial positive test forced the ship to return to...
SHI Wins AiP for First Ship Design To Prevent Infectious Diseases
Samsung Heavy Industries has succeeded in developing the world’s first ship with infectious disease prevention technology.
SHI has won an AIP from the US-based classification society ABS for the infectious disease mitigation arrangement...
VLCC Witness Marginal Rise Amid Steady Aframax Market
The Baltic Briefing has issued the tanker report for the 50th week of this year. The report dated 11th December 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and...
MSC Seals A $15M Second-hand Containership Deal
Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to hoover up second-hand boxships at pace with the latest deal, reports Splash247.
$15m Lomar deal
MSC has acquired the 2005-built 4,934 teu Texas Trader from Lomar Shipping in...
Capesize Falls & Panamax Stays Firm in This Week’s Bulk Market
Baltic Exchange has released a report about the dry bulk market for the 50th week of shipping activities of this year. The report dated 11th December highlights the plight of the dry bulk market...
Berthed Tanker Suffers Explosion
A tanker berthed at Jeddah, Saudi Arabia, reportedly suffers an explosion at around 2210 UTC Dec 13.The cause for the explosion is due to some external factors.According to a recent news article published in...
Scrubbers – 380 HSFO Combination Attractive As Global Scrubber Spread Widens
The combination of scrubbers and 380 HSFO seems more attractive to the shipowners after the global scrubber spread (the price difference between 380 HSFOs and VLSFOs) widened this week, says an article published in...