Global Oil Demand Growth to Slow – McQuilling
Global oil demand growth and crude supply growth is likely to slow over 2019-2023.
Crude and residual fuel tonne/mile demand is forecast to increase by about 0.9% on an annual basis throughout 2019-2023.
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Wärtsilä to Deliver First Short-Sea Shipping Hybrid Retrofit
Wartsila delivering the first hybrid short-sea retrofitting including a shore power connection provider for port loading operations and PTI technology.
The retrofitting is done on Hagland Shipping's waste treatment specialist cargo-carrying vessel Hagland...
Freight Rates on Asia/Europe Routes to Remain Depressed for Years
Capacity growth on the Asia/Europe maritime routes are set for substantial increases in 2019 and 2020.
IMO 2020 will lead to increases in the cost of fuel for most ships, and extra shipping...
Efficiency of Wärtsilä BWMS Certified by Uptick in Demand
Wärtsilä’s Aquarius UV BWMS solutions recognised by owners around the world.
The technology group has recently bagged contracts to supply its BWMS for installations in RoRo ferry, RoPax, tankers and container vessels.
Ship...
[Answer] What’s Inside a Wet Scrubbers System?
Exhaust Gas Cleaning Systems or Scrubbers have become a formidable necessity in the new maritime industry, especially as we are fast approaching the IMO 2020 sulphur cap regulations. But do we really know what are...
Fall in BDI – Is It Due to Seasonal Lull or a Bad Year?
In the east, the slow dry bulk market has been attributed to Chinese new year and in the West dam break at Vale’s Corrego do Feijao iron ore mine in southeastern Brazil.
The average...
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...