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ABS-Classed Suezmax is World’s First Ammonia Ready Vessel

20/01/2021

An ABS-classed Suezmax tanker ordered by Avin International LTD, the first vessel of a potential order of three vessels, is to be the first ammonia-fuel ready vessel in the world.

The landmark 274-meter-long vessel, hull number 0315852, is now under construction

STS crane modifications equip ports for rapidly changing needs with extended range and longevity

20/01/2021

A world leader in the design, manufacture and maintenance of all types of port cranes, Konecranes, has introduced reach and height modernisations of ship-to-shore (STS) equipment to help operators to adapt quickly and cost efficiently to rapidly changing demands and

IEA: Oil Market’s Rebound Delayed

20/01/2021

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

Maritime industry players join forces to realize the decarbonization potential of solid oxide fuel cells

19/01/2021

Alfa Laval, DTU Energy, Haldor Topsoe, Svitzer and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are entering into a joint project to accelerate the development of solid oxide fuel cell (SOFC) technology. Funded by a grant from Danish

Chevron Marine Lubricants keeps ships sailing amid VLSFO engine challenges

19/01/2021

Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition challenge associated with the widespread switch to low-sulphur fuels.

Some ship owners using very low-sulphur fuel oil (VLSFO) have reported build-up of red deposits on piston

Port of Antwerp: Record container throughput limits losses in 2020, the year of coronavirus

19/01/2021

The total throughput of Port of Antwerp in 2020 amounted to 231 million metric tonnes of cargo, a fall of 3.1% compared with the previous year. Thanks to the buoyant container throughput rates, which set a new record, the port

VLCCs: Rates Start to Weaken

18/01/2021

VLCC

A general further weakening of rates was seen across this sector. In the Middle East 280,000mt to US Gulf via the Cape/Cape routing is assessed another point down at WS19.5. Meanwhile, 270,000mt to China is now rated five points lower

How the oil market plays out in 2021

18/01/2021

Oil prices have tripled in nine months. Brent averaged just US$18/bbl last April, as demand collapsed and the market was swamped with crude. As the effects of the pandemic unfolded, the mood turned increasingly bearish. Ann-Louise Hittle, Head of Macro

Investing in liquefied gas-fueled tankers is a sustainable investment for the future

16/01/2021

When the Gothenburg based shipowner company Furetank had to make a decision about which fuel to invest in, they opted for liquefied gas. A choice they’re very happy with today. The company is continuing the switch to gas and replacing

Gas and LNG: why 2021 will be a defining year

16/01/2021

What are the key trends for global gas and LNG in the year ahead?
2021 will be a milestone year for the gas and LNG industry. Not only because record high LNG prices will prompt buyers to evaluate their portfolio

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