Freightos Baltic Container Report – Week 5, 2019
The highest transpacific ocean prices this year were $2,110 on 20 January (China-West Coast) and $3,312 on 27 January (China-East Coast).
Prices have fallen only 3% (West Coast) and 1% (East Coast) from...
MAN Energy Solutions To Launch Two-Stroke Ammonia Fuelled Engine
Siemens Gamesa and MAN Energy Solutions to develop an ammonia-fueled two-stroke engine.
It uses existing ME-LGIP engine – launched last year to burn LPG fuel and also runs on ammonia.
Sought help from Japan’s...
Riser Feeder Machine Crushes Crew Member!
According to BBC, an inquest report noted that a highly conscientious and competent oil and gas worker died from injuries he sustained when he was crushed by machinery on a ship.
What happened?
In February 2016,...
Tanker Powered By Lithium-Ion Batteries Being Developed
New domestic shipping tanker design incorporating zero emission electric propulsion is under development for all bunker supply vessels trading in Tokyo
Based on the “e5” concept it creates solutions contributing to the sustainability...
Suezmax Swing Supply May Ruin the Product Tanker 2020 Bonanza
Shipping analysts seem to collectively agree that the product tanker fleet will benefit from the IMO 2020 global sulphur cap.
The majority of low sulphur fuel supplies are situated in the Middle East...
CSA 2020 Calls Out Closed Minded Thinking on Open Loop Scrubbers
CSA trying to correct open-loop scrubbers misconceptions by highlighting relevant facts and findings.
They are fighting fake news by stressing on the necessity of specific detailed news and not just open-loop scrubbers linked port...
Baltic Dirty Tanker Index Down by 30% Strong Snapback Expected
The world oil market is witnessing volatility as the maritime industry changes itself to make it viable as per the new IMO 2020 regulations. Charter rates are collapsing, barrels of cargo carrying fleet tankers...
BHP-NYK Towards Decarbonisation Goals with Advance Biofuel Bunkering
Sustainable biofuels delivered to the BHP-chartered, NYK-owned bulk carrier in Rotterdam.
The advanced biofuel, supplied by GoodFuels is blended with conventional fossil-based MGO in a mix of 30% biofuel to 70% conventional MGO.
...
2.6$ Million Worth AI Thermal Cameras to Stop Ship Collision
In a major development, boat collision avoidance system maker Orca AI has recently announced that they are closing a $2.6 million funding round for the company's engineering ranks which will be making thermal low-light...
Tanker Report – Week 6, 2019
The Baltic Briefing has released a report about the tanker market of the 6th week of shipping activities of this year. The report dated 8th February highlights the plight of the tanker market at...