Freight Rates Went Down, Coming as Caro Piles Up
The “stratospheric” freight rates and shipping lines’ huge Q2 profits have been slammed by cargo owners, and a new report claims the carrier alliances are “suppressing” cargo, says an article published in LoadStar.
Tarrif Grew...
The Galleon Götheborg is Retracing its Path Around the World
The galleon Götheborg is retracing its path around the world. Nearly 200 years after it sank into the sea, says an article published in Cnn.
Ready for the retrace journey
The original Götheborg, a trading vessel...
Steps to Provide Cleaner Aviation & Marine
On the current trajectory, sustainable fuels will only supply a small percentage of aviation and shipping needs.
Favorable government policies are needed to increase the production and adoption of sustainable fuels in both...
Asia Residual Fuels: Key Market Indicators for Sep 6-10
The Asian residual fuel market in the Sept. 6-10 trading week is expected to see support as an arbitrage cargo inflow from the West stays relatively low in September, reports Platts.
Singapore's residue stocks
Singapore's...
World Tanker Avoid Court After Govt Legal Threat
Singapore-based World Tankers Management (WTM) is trying to defuse a row with the Cambodian government after the Energy Ministry said it had filed a criminal complaint in local courts against the operator of the...
Mitsubishi Delivers 6,000th Marine Boiler
Mitsubishi Heavy Industries Marine Machinery & Equipment (MHI-MME) recently made the milestone delivery of its 6,000th marine boiler, says an article published on sea trade website.
Delivery of marine boiler
The landmark 6,000th cumulative delivery was...
LR & Inmarsat Form Industry-First Partnership on Remote Survey
Lloyd’s Register (LR) and Inmarsat, the world leader in global, mobile satellite communications, have announced an industry-first collaboration between a satellite communications provider and classification society to provide a connectivity solution that will address...
How the U.S. Became the Trendsetter for World’s LNG Price
The shale revolution created excess supply in the United States at a time that demand was expanding around the globe.
LNG pricing linked to Henry Hub natural gas futures more accurately reflects the...
Agreement To Implement LNG Projects in Russia’s Far East
A number of documents were signed today in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, at the Eastern Economic Forum 2021 in Vladivostok.
Gazprom, the Sakhalin Region, and State Atomic Energy Corporation Rosatom signed a Cooperation Agreement...
Modifying Bulkers To Carry Containers Garners Insurance Warning
Taiwan’s Franbo Lines has joined a number of other bulk carrier owners hoping, amid tight boxship availability, eyeing lucrative charters to carry containers on their ships.
Franbo Lines’ vice general manager Lin Cheng-he...