The renewal process of the global fleet has picked up pace in 2021, after a lackluster couple of years. In its latest weekly report, Clarkson Platou Hellas said that “in tankers, STX Jinhae have announced a plethora of deals this week. The yard has sig…
Newbuilding Contracting Picks Up Pace Read More »
In April’s Logistics Executive Briefing, Drewry flagged the issue of “extreme freight rates” and predicted that spot rates would continue to increase. Three months on, spot rates have jumped by another 70% or so and we expect rates to get close to $20,…
Extreme spot rates heading for $20,000 Read More »
Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. May’s 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, detailed in Xen…
Xeneta Container Rates: Increase Slows, But Still No Relief In Sight For Global Shippers Read More »
Availability of VLSFO and LSMGO is tighter in Singapore, while Fujairah has more readily available supplies of the two grades this week. Singapore’s fuel oil stocks rose by 2% in the week to 30 June, when they stood at 23.95 million bbls, Enterprise Si…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
ABB said it has added an automated steering function for its Azipod electric propulsion system that helps further minimize fuel consumption and emissions.The new digital solution, ABB Ability OptimE – Toe Angle Optimization for Propulsion, is…
ABB’s Azipod Gets Automated Steering Function Read More »