Singapore Fuel Market Down With Rising Stock and Poor Demand
Singapore fuel oil inventories increased by 3% on Aug.5 as exports suffered a near acute four-month low.
Singapore’s exports to China, a typical importer of fuel oil, have fallen this year as China...
A $1.5 M IMO and Norway Deal To Support Safe Ship Recycling
Bangladesh ship recycling industry moves ahead with the third phase of key project signed between IMO and the Government of Norway with a support of US$1.5 million.
The project that supports the Phase...
Covid 19 Hit Transatlantic and Transpacific Route Freight Rates
Transatlantic and Transpacific shipping rates display a strike contrast to each other in the present Covid 19 situation.
On one side, the freight rates for the transpacific reaches new heights with Asian exports,...
Why Container Losses Occur In The Rolling Seas?
10,000 containers are lost at sea annually due to falling overboard from underway vessels.
WSC states that ships lost an average of 1,382 containers annually during the period 2008-2019.
Governments have shown great...
8 Countries Join Hands To Launch MASSPorts Initiative
Representatives from eight countries have launched the MASSPorts initiative.
MASSPorts initiative will promote maritime autonomous surface ship development.
IMO, IALA and IAPH representatives also participated in the event.
They aim to solve issues...
Narrowing Contango Rates Force Traders To Tighten Stocks
Narrowing contango for Singapore Marine Fuel 0.5%S may compel traders to offload stocks.
Monthly contango is not wide enough to cover their storage costs.
Spread for the Singapore Marine Fuel 0.5%S was assessed...
Viswa Lab Highlights The Increased Importance of Lubricant Testing
Lubricant and additive companies are developing new cylinder oils.
These new additive packages will take care of the issues posed by the new fuels.
In most of the vessels, VLSFOs have replaced the...
Former Key Maersk Executive Joins Hapag-Lloyd
Hamburg-based global liner Hapag-Lloyd has appointed Anders Boenaes, a former executive of Maersk, as the company’s new senior managing director of the company, reports Splash247.
Key responsibilities
Boenaes will be responsible for ship networks, alliances and...
Remote Maintenance and Onboard Repairs With ‘AR Servicing!’
Bakker Sliedrecht services ships Anthony Veder remotely via augmented reality glasses.
The companies have run a successful pilot on gas tanker Coral Favia.
During the pilot, functionalities were tested via a dial-up connection...
Freight Operators Urged To Look for ‘Alternate’ Brexit Ports
The UK government has issued a veiled warning in the immediate aftermath of the Brexit transition period ending on 31 December.
Immediate implementation of unfamiliar new customs arrangements will, say the UK government,...