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Maritime market update: Global natural gas liquefaction capacity is expected to nearly double by 2040

14/01/2021

Risavika LNG front month reached 30.12 EUR/MWh. European gas prices continued a strong upside on colder outlook for the front month, lower Russian supplies through Ukraine and fewer LNG arrival to Europe. Strong consumer demand in Asia, a severe shortage

ABB, Hyundai Global Service and HHI-EMD strengthen turbocharger service partnership

13/01/2021

A new agreement between ABB Turbocharging, Hyundai Global Service (HGS) and Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD) has established a ‘total service solution’ for ABB and Hyundai customers, delivering optimal efficiency and emissions performance across the entire vessel.

Under

Qatargas Completes First Commercial Ship-To-Ship Transfer Of LNG Cargo At Subic Bay In Philippines

13/01/2021

Qatargas Operating Company Limited (Qatargas) announced today the completion of the first-ever commercial ship-to-ship (STS) transfer of a liquefied natural gas (LNG) cargo involving a Q-Flex LNG vessel. The transfer took place at Subic Bay, Philippines.

A full cargo of 212,000

Gas year 2020 review: Global gas production exceeded demand, US led liquefaction capacity race

12/01/2021

Global natural gas production is estimated to have dropped by 3.6% in 2020 as low oil and gas prices led to lower exploration and production. Rystad Energy estimates the total produced figure at around 3,918 billion cubic meters (Bcm) for

IEA to produce world’s first comprehensive roadmap to net-zero emissions by 2050

12/01/2021

The International Energy Agency today announced that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050 as it further strengthens its leadership role in global clean energy transitions.

The new special report,

Tankers: VLCCs On Quiet Start to 2021

11/01/2021

VLCC

A relatively quiet start to 2021. On the new 2021 Worldscale schedule, flat rates fell about 17%. To compensate, fixing rates reflected an upward adjustment on the first working day of the year, but have since eased. In the Middle

Saving the maritime industry, one energy-saving device at a time

11/01/2021

In June 2019, the Grimaldi Group’s Grande Portogallo, a 165-metre-long Pure Car & Truck Carrier fitted with a Controllable Pitch Propeller (CPP), set sail with a ground-breaking piece of technology onboard. This vessel had on-board a pre-swirl stator (PSS) designed

Wärtsilä Retractable Thrusters help the Leonardo Da Vinci maximise its potential

09/01/2021

The Prysmian Group is betting on Wärtsilä’s retractable thrusters for the most advanced cable layer vessel in the world. Find out how its use helped Prysmian dramatically reduce installation times, especially during a pandemic, while helping improving efficiency and reliability.

Its

The Port of Rotterdam and STC International developed a new online Port Management Programme on digitisation

09/01/2021

Together with partners, the Port of Rotterdam offers port professionals a deeper understanding of the complex dynamics of the port industry via different training programs. With STC International a new online programme is developed to offer in-depth insight on the

MABUX: A Year in Review of the Bunker Market

08/01/2021

Global Bunker Market faced some historically significant challenges last year, it started with IMO2020, the greatest change in fuel regulation in this century, with lot of expectations and contradictory predictions. However, the appearance of the so called “Joker factor” –

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