The ship recycling market has retained its positive momentum this week, despite the summer holiday season. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “despite Summer holidays well into full swing and the whole Shipping ind…
Summer Time Doesn’t Affect Demolition Market Read More »
Despite booming stocks and rising profitability not everything is hunky dory for container shipping lines. The sector is either already facing or about to face higher costs as highlighted below. 1. Decarbonisation Apart from their individual R&D an…
Container shipping equities: Industry braces for higher cost Read More »
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident and prepare for cyber and climate change challenges ahe…
HSFO380 availability has improved to shorten lead times in Singapore, and plentiful supply has kept South Korean VLSFO prices at regional discounts this week. VLSFO remains tight for prompt dates in Singapore, while HSFO380 has become more readily avai…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
An ailing mariner was medically evacuated from an articulated tug and barge approximately 65 miles off Galveston, Texas, Monday, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector Houston-Galveston received a call at about 4 p.m.
Tugboat Crew Member Medevaced off Galveston Read More »