Growing LNG Marketplace to Drive Spot Shipping Rates in 2019
Higher volume of spot LNG trades seen in 2019 than in 2018
LNG fleet growth drops to 6% in 2019 when compared to 12% in 2018
Expectations for higher average spot LNG trades...
Emissions Monitoring Technology Passes Tanker Test
Nordic Tankers, Dania Ship Management and Danfoss IXA recently joined forces to test monitoring emissions technology says an article in TankerOperator.
Partners test Sensor technology
The sensor technology was installed on the chemical tanker ‘Nordic Mari’...
Weekly Maritime Security Report
The weekly maritime security report highlighting the various events that occurred over the week in the shipping industry has been compiled.
Pirates attack merchant vessel in Cotonou
On 2 January, a merchant vessel reported that...
LSFO Demand to Displace HSFO in Asia Ahead of IMO 2020
Change expected in Asian fuel oil market. From Q3 of 2019, HSFO demand would drop and vessel’s with scrubbers would still go in for HSFO
LSFO supply may not be enough to cover...
Alliances May Breakup in the Long-term
Vessel cascading has been an ever-present feature of container shipping since liner executives first understood the benefits of economies of scale and began the box ship capacity arms race.
Key areas
According to Drewry Maritime Advisors’...
LNG Bunker Vessel Docks in Klaipeda, the LNG Reloading Station
LNG bunker vessel Kairos has docked in the port of Klaipeda after being anchored off Lithuania.
It will be operated by a joint venture named Blue LNG between Germany's Nauticor and Klaipedos Nafta...
Logistical Stresses Ease; Gasoline and IMO 2020 in Focus
The physical crack of FOB ARA ULSD barges versus Dated Brent hit a six-year high of $24.46/b mid-November 2018.
In a longer-term outlook, 0.1% sulfur gasoil is being gradually replaced throughout Northwest Europe.
...
Spain’s Valencia Port Taps Hydrogen To Power Cargo Operations
Spain's Valencia Port has gained the recognition of being the first port in Europe to tap hydrogen for running its cargo operations.
Pilot program launched
The project has been launched under a $4.6 million European pilot program...
Markets – Rates Softening
In the past of couple weeks, market rates have softened despite the holiday period. This has raised a question on the ships having been quietly fixed, particularly ex-MEG. Another vital question is whether rates...
GE Shipping Gained 22% from Tanker Rate Rise
Tracking the rebound in the tanker shipping rates, shares of Great Eastern Shipping Co. Ltd (GE Shipping) have gained as much as 22% from the lows in July.
Stagnation in fleet capacity
Crude tanker rates represented...