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As 2021 will bring the largest crude deficits in years, a window of opportunity opens for producers

25/12/2020

The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels. Rystad Energy's latest balances, however, show that

REV LNG Begins Bunkering Operations at The Port of Hamilton

24/12/2020

REV LNG, LLC, a Pennsylvania-based Liquefied Natural Gas (LNG) services provider, recently completed the first truck-to-ship LNG bunkering operation in Great Lakes history at the Port of Hamilton’s (POH) Pier 22 for the MV Demia Desgagnés. The operation is the

Where’s LNG investment heading?

24/12/2020

Writing in LNG Journal, DNV GL’s Hans Kristian Danielsen presents our forecast for a strong outlook for liquefied natural gas (LNG) in the coming decades, and discusses why uncertainty remains in the short term.

• Investors in liquefied natural gas (LNG)

Shipowners should use pandemic downtime to retrofit

23/12/2020

The coronavirus crisis has seen different segments in the maritime industry retrofitting their vessels with more efficient and clean technologies.

The Covid-19 pandemic has had a diverse impact on the maritime industry. While some shipowners struggle to maintain operations and are

Ningbo Containerized Freight index soars in November

23/12/2020

From January to November, the Container throughput of Chinese ports remains same Compared with the same month last year, and the Ningbo Containerized Freight index (NCFI) keep significant rises in December

From January to November 2020, the cargo volume of Chinese

Drewry: Port Throughput Indices Recovered During October With a 4% Annual Increase

22/12/2020

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January

IAPH-WPSP COVID19 survey : one quarter of ports responding have an increased share of empty container handling

22/12/2020

In addition to the updates on vessel calls, hinterland delays, capacity utilization and port personnel availability, the WPSP-IAPH Port Economic Impact Barometer report for week 50 asked the world’s ports to indicate how the share of empty containers in total

VLCC Market Moving Sideways

21/12/2020

VLCC

Rates in this sector were mostly static. In the Middle East 280,000mt to US Gulf via the Cape/Cape routing remain around WS17.5, while 270,000mt to China saw a few fixtures early on at WS34, then WS34.5 and up to WS35

IMO to consider example of bunker license

21/12/2020

An IMO correspondence group has been set up to “review and amend, as appropriate, the indicative example of a license for fuel oil supply”.

The “indicative example” for a voluntary licensing scheme for bunker suppliers is a document submitted to the

Ammonia fuel cells for deep-sea shipping – a key piece in the zero-emission puzzle

19/12/2020

Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project, granted funding from EU's Research and Innovation program Horizon 2020 under its Fuel

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