LNG Shipping Stocks: Growth After Five Weeks
The UP World LNG Shipping Index, the world’s only stock index focused on LNG companies, rose 1.88% last week. US stocks represented by the S&P 500 Index (SPX) added 0.71%, reports UP-Indices.
Uptick of UP...
Asia Residual Fuels: Key Market Indicators For Aug. 16-20
Asian benchmark low sulfur marine fuel cargo market was likely to be rangebound in the near term on ample availability amid expectations that valuations for downstream low sulfur marine fuel bunker would be capped...
‘Covid App Error’, Thousands Isolated for No Reason
The relaxation of isolation rules for double vaccinated people has emerged that users were never told the app could notify of contact with an infected person as far back as five days before the...
Global Shares Stumble Over China Crackdown
Major bond yields fall to lowest in over a week
China’s Tencent, Alibaba and Meituan fall on latest rules
Kiwi dollar near three-week low on New Zealand lockdown
U.S. retail sales data awaited...
World Trade Facilitator Celebrates 107th Anniversary
The Panama Canal has served as a shortcut for more than 1.1 million transits, says an article published in MaritimeNews.
Shortcut route
Since its inauguration on August 15, 1914, the Panama Canal has served as a...
Electric Drive, Maximise Efficiency and Minimise Opex
With marine hybrid and electric applications increasing, propulsion experts at a webinar discussed the benefits of a streamlined electric drive that can minimise energy losses, improve environmental performance and lower opex, says an article...
New Times Delivered Fifth Chemical Tanker
New Times Shipbuilding held a christening and delivery signing ceremony for the 24# 50,000DWT chemical tanker "SOLAR RUBA" built for Shandong Shipping Corporation on August 16, says an article published in Xinde Marine News.
About...
Record Surge in Crude Oil Production
With new sources of crude oil and condensate coming online, coupled with a significant increase in allowed production under the latest OPEC+ deal, Russia could break its 2018 production record in 2023, says an...
New Piracy Threats in Indian Ocean Prompts Rethink of High Risk Area
A continued downward trend in Somali piracy has prompted shipping organisations to reduce the geographic boundaries of the High Risk Area (HRA) for piracy in the Indian Ocean, which will apply from September 1...
Secondhand Market More Attractive for Dao Shipping
UK-based outfit Dao Shipping, an affiliate of Ray Car Carriers, is making waves in the secondhand market.
Dao has decided it’s time to start fattening its fleet, striking at a time when bulker...