Tanker Market Report Oil Glut Ahead
Analysts project a significant oil surplus next year, with estimates ranging from 1.7 mbd to over 3 mbd.
OPEC+ supply growth, limited demand...
Norway Backs Maritime AI Centre
Norwegian government designates the Norwegian Maritime AI Centre as a national research centre with $10m in funding over five years.
The centre, led...
2020 Bulkers Sells Three Newcastlemax Vessels for $209m
Oslo-listed 2020 Bulkers has agreed to sell three scrubber-fitted newcastlemax vessels for $209m, representing half of its fleet.
The company expects to book...
ClassNK Issues New Guidelines to Enhance Container Shipping Safety and Efficiency
ClassNK has released three updated guidelines covering weather-based route planning, anti-rolling devices, and container stowage standards.
The rules aim to prevent cargo collapse,...
NYK to Merge Keihin Dock and Yokohama Machinery
NYK will merge Keihin Dock, its shipbuilding arm, with Yokohama Machinery, a marine equipment sales company, effective October 1.
The integration consolidates shipbuilding,...
Auxiliary Boiler Malfunction Leading to Crew Injuries
This report is based on the safety investigation conducted by the Marine Safety Investigation Unit (MSIU) regarding a boiler furnace blowback incident that occurred...
LNG and LPG Markets Record Further Softening in Week 39
LNG spot rates declined across all major routes, with the steepest drop on the US Gulf–Japan corridor.
Time charter levels also moved lower,...
SSI Sets Clear Pathways for Shipping to Support Ocean Sustainability
SSI has launched the Marine Biodiversity & Ocean Health (MBOH) Guidebook to integrate biodiversity protection with decarbonization.
The guidebook sets biodiversity impact reduction...
Shipowners’ Club Issues Advisory on Sanctions and Security in Yemen
Sanctions risks remain high when trading with Ansarallah-controlled entities or ports, particularly involving petroleum products.
Vessel operators are urged to apply enhanced due...
Everllence Achieves Breakthrough with Ethanol-Fuelled Two-Stroke Engine
Everllence successfully operated a 90-bore ME-LGIM engine on ethanol at all load points in Japan.
The achievement expands the company’s proven methanol-burning engine...
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APLICATIONS
Perhaps ‘A New Normal’ Henceforth With Annual Covid-19 Shots
Widespread vaccine- and infection-induced immunity, combined with the availability of effective therapeutics, could blunt the effects of future outbreaks.
Nonetheless, it is time...
