Fearnleys Weekly Report – Week 30, 2021

Great Scott! It’s been 36 years since "Back to the Future" blasted into cinema theaters and became a pop culture phenomenon, and with the current tanker market continuing to trudge along at a sluggish...

American Port Congestion Worsens

Summer is proving to be fearsomely hot for dockworkers on every coast of America, working record volumes of boxes with ships forming long queues at many gateways as peak season arrives on what has...

Drewry Begins Tracking Weekly Container Ship Cancelled

The weekly Cancelled Sailings Tracker provides a snapshot of blank sailings announced by each Alliance versus the total number of scheduled sailings, says a report published in Drewry. Detailed assessment provided Further to the snapshot below,...

Methanol As a Marine Fuel Report

F Methanol as a commercially and technically viable marine fuel is gaining greater traction over other alternative bunkers, including LNG, says an article published on Ship Insight. Methanol as an alternative Methanol as a commercially and...

Oil Price Headed Higher, Benchmark Brent Posting a Fourth Monthly Gain

Benchmarks post over 2% weekly gains, Brent up for the 4th month. Vaccines are likely to mitigate Delta's impact on demand -analysts. U.S. oil rigs fall this week, rise for the 11th month. Oil...

Maersk Starts New Intercontinental Service for Decathlon

Maersk arranges the first dedicated block train for one of the world’s largest global sporting goods retailers from Vietnam to Europe, says a press release published on their website. The world's largest sporting goods retailers Today,...

Tellurian and Shell Sign Agreements for 3 mt LNG per Annum

Tellurian’s Driftwood LNG project received a major boost after the US LNG developer reported signing a sales and purchase agreement (SPAs) with Shell NA LNG to supply 3M tonnes per annum, says an article...

5% Of The World Fleet of Some Using No Fossil Fuels By 2030

By 2030, we are meant to have 5% of the world fleet of some 60,000 ships using no fossil fuels at all, says an article published on splash website. Oil crisis  In 1979 there was an...

TotalEnergies To Buyback $800m Worth Shares As Fuel Prices Boom

Soaring oil and gas prices drive the industry to increase income and feed investment budgets, reports Reuters. Share buyback TotalEnergies has decided to use part of its cash inflow for share buybacks worth at least $800...

Covid-19 Surge: Unvaccinated Patients Are Filling Up Hospitals

Hospitals are surging with unvaccinated patients infected with the Delta variant, affecting car accident victims and other non-Covid-19 patients who need hospital care, reports CNN. Rise in Covid cases America's recent increase in Covid-19 cases has...