Propeller falls off 60-year-old BC Ferries ship, spilling oil and taking vessel out of service
Canadian ferry operator says 800 litres of hydraulic oil should disperse quickly
September 2024
LNG Shipping: EU’s Seaborne Import Dominance Continues into 2024
The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has c…
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Reefer freight rates are still going down – what is to come in an uncertain trade environment?
After a tepid recovery in the first quarter of the year, reefer freight rates on most trade routes have been decreasing. Drewry’s Global Reefer Freight Rate Index (which is based on freight rates for a wide range of port pairs) is expected to decrease …
Complexity of securing future copper supply
As the world races towards a decarbonised future, copper – a key component of electrification – is in high demand. As the demand for copper surges, securing a reliable supply and the trade to support that has become a top priority for gover…
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US Gulf Coast-bound Fuel Oil Cargoes Hit Five-year Low
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said.Feedstocks like high sulfur fuel oil and other heavy residues…
US Gulf Coast-bound Fuel Oil Cargoes Hit Five-year Low Read More »