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A new era begun at the Piraeus Container Terminal through the first ever private mobile network delivered by Vodafone in

23/03/2021

Vodafone Business ushered in a new era for the Piraeus Container Terminal, which promises cutting-edge technologies and new, unlimited possibilities for the country’s largest port.

Acting as a catalyst in Greece’s technology and telecommunications, Vodafone designed, built, and delivered for use

U.S. LNG exports in EIA’s AEO2021 side cases vary with crude oil, natural gas prices

23/03/2021

The U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021) projects that the volume of U.S. liquefied natural gas (LNG) exports through 2050 will span a wide range based on its published side cases. In the AEO2021 Reference case,

VLCCs: Market Firms Up Slightly Over the Past Week

22/03/2021

VLCC

Rates have firmed slightly in the Atlantic and remain unmoved in the Middle East.

For the 280,000mt Middle East to US Gulf trip (routing via the Cape/Cape), rates again continue to be assessed at the WS18-18.5 level. And for voyages of

ISO Review of 2020 Marine Fuels Quality Submitted to the IMO Marine Environment Protection Committee (MEPC)

22/03/2021

In response to the shipping community’s concerns about the characteristics of Very Low Sulphur Fuel Oil (VLSFO), an ISO Review of 2020 Marine Fuel Quality in January 2021 will be submitted to the IMO Marine Environment Protection Committee (MEPC) for

MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business through Investment in Norway’s Larvik Shipping

20/03/2021

Mitsui O.S.K. Lines, Ltd. yesterday announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship management company for liquefied CO2 carriers, marking MOL’s first foray into the liquefied CO2 ocean transport business.

Liquefied CO2 ocean transport plays

NYK Subsidiary Concludes COA with Neste for Eco-friendly Renewable Diesel

20/03/2021

NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, has signed a Contract of Affreightment (COA) with Neste Shipping Oy, a wholly owned subsidiary company of Neste Oyj (Neste) headquartered in Finland, for the ocean transportation of

MABUX: Weekly Bunker Prices Fluctuate During the Week

19/03/2021

MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has declined from 431.14 USD/MT to 428.88 USD/ MT (-2.26 USD), VLSFO has lost 2.80 USD: from 535.43 USD/MT to 532.63 USD/MT. MGO LS increased

Fitch Ratings Raises Short-Term Oil and Gas Price Assumptions

19/03/2021

Fitch Ratings has raised its 2021 and 2022 oil price assumptions for Brent and West Texas Intermediate (WTI) benchmarks to reflect a stronger-than-expected demand recovery and supportive OPEC+ output policies. The 2021 gas price assumptions have also been increased reflecting

ABS Launches Smart Emissions Reporting Tool

16/03/2021

ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators.

ABS Emissions Reporter™ allows vessel operators to input and monitor their IMO Data Collection System (DCS) and EU Monitoring Reporting and Verification (MRV) review

Tankers: VLCC Market Slips Further

15/03/2021

VLCC

Overall rates slipped further downwards, for Middle East region 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at WS18-18.5 level. Meanwhile, rates for 270,000mt to China eased another 1.5 points to WS28-28.5 level (showing a TCE

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