How Increased Freight Rates Led To A Worldwide Supply Chain Dysfunction
The average spot rate that container carriers charge for shipping containers from Shanghai to the US East Coast shot to a new record of $4,874 per 20-foot-equivalent unit.
Freight rates for shipping containers...
[Watch] Extremely Rare White Lion Quadruplets
Four rare white lion cubs born at a zoo in China will be meeting members of the public for the first time ever this weekend.
The extremely rare quadruplets, all males, are living at the...
World’s First Ship-to-Ship Bunkering of LNG-LBG
Last week, the UECC PCTC M/V Auto Energy received the first ship-to-ship bunkering of LNG.
It was blended with 10% renewable liquefied biogas (LBG).
Gasum’s LNG bunker vessel Coralius performed the bunkering operation at...
Wärtsilä’s Monitoring System Mitigates Ship Collision & Offshore Hazards
Wärtsilä Voyage has successfully completed its first commercial installation of the state-of-the-art Wärtsilä Navi-Harbour WebVTS 5.0 software application.
The system was ordered by Netherlands-based Wintershall Noordzee B.V. to provide greater safety for their...
Korea Shipbuilding Clinches $529m Deal for 7 Vessels
Korea Shipbuilding has received a combined 582 billion won (US$529 million) in orders to build several ships.
The company has signed several deals with unidentified shippers in Europe to build seven ships.
The...
Deep-well Pump Market Revamps To Meet Emission Standards
The hydraulic-powered deep-well pump is a firm favourite among tanker owners, but the need to optimise energy efficiency is driving the transition towards an electric-powered alternative, reports Riviera Maritime media.
Hydraulic deep-well pump
The engineering design...
LR Awards AiP To Pioneering LNG Carrier With Type B Tank Design
Hyundai Mipo Dockyard has been awarded an AiP by Lloyd’s Register for its LNG carrier with prismatic IMO type B tank design.
The midsize LNG carrier design was the result of a joint...
Suez Canal Announces 48% Discount for Giant Tankers
A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday, reports EMPC News.
Marketing incentives to attract sub-segments
The reduction applies to oil tankers with...
VLCC & Clean Rates Remain Static in the Weekly Tanker Market
The Baltic Briefing has issued the tanker report for the 51st week of this year. The report dated 18th December 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and...
Three Secrets Behind Ammonia’s Use as a Marine Fuel
ABS issued a ammonia as a marine fuel analyzing the top three factors one should consider when utilizing ammonia as a marine fuel.
It is done keeping in mind that ammonia has been in...