What Caused an Unprecedented Surge in Oil Tanker Revenue?
Oil-tanker earnings surged above the $100,000-a-day marker on the benchmark route as a looming ship-fuel revolution combined with U.S. sanctions to supercharge rates, reports...
Weekly Bulk Report – Week 41, 2019
The Baltic Briefing has released a report about the dry bulk market of the 41st week of shipping activities of this year. The report dated...
ESL Shipping Bags M/S Alppila Lease
ESL Shipping Ltd., part of Aspo Group, has acquired cargo vessel M/S Alppila from SEB Leasing, reads a press release from ESL Shipping.
The acquisition...
Will Freight Rates Take a Toll on Scrubber Installations?
Freight rate jump has owners rethinking scrubber install schedules, reports Ship & Bunker.
Tanker marker scenario
The tanker market in particular has had a turbulent few...
EPCA ’19: Methanol Players Mull on Trump Trade Effect & IMO Glimmer
From Trump’s global trade troubles, to Greta Thunberg’s climate call to action, and regional economic woes, Europe’s methanol market - like many others in...
Oil Supertanker Surge To Continue To Fourth Quarter
According to a Business Times report, supertankers hauling oil on some of the world's longest trade routes had already been enjoying a massive windfall...
Q Power Partners With Wärtsilä for Renewable Fuel Project
In a major development, Wärtsilä and Q Power, a Finnish pioneer in biomethanisation, have signed a cooperation agreement to accelerate the development and commercialisation...
IBIA Director Advises on IMO2020 As HSFO-VLSFO Switch Gathers Pace
According to a Platts article, the bunker industry's transition from HSFO to very low sulfur fuel oil is showing good signs of progress as...
[Answer] How To Identify Scrubber Corrosion Issues & Challenges?
In the last scrubbers corrosion update we gave you insights on scrubbers material selection and how it can effect corrosion as given in the...
IMO2020 Bunkering Problems Addressed in BAF Transparent Indexing Mechanism
In a major development, Shipping analyst Drewry and the European Shippers’ Council (ESC) have defined and published a simplified BAF indexing mechanism and bunker...
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APLICATIONS
Container Freight Rates Fall To 2019 Levels While Costs Remain High
Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with...
