Bank ship finance for Greek shipping dropped for the sixth consecutive year in 2020 – with Covid only partly to blame. The Key Developments and Growth in Greek Ship-Finance report from Petrofin Research calculated that Greek loans, both drawn and…
Greeks turn to domestic financing support Read More »
Decarbonization is now one of the most critical challenges for the maritime industry apart from the global pandemic COVID-19 and oversupply of ships. The pathway is already there and industry players are taking the necessary steps to reach the goal for…
The time container ships spend waiting on anchor for berths more than doubled since 2019, according to IHS Markit’s Port Performance Data. North America saw the biggest deterioration with vessels spending on average 33 hours on anchor in May 2021 vs an…
Surge In Container Ships Needing To Anchor At Port Waiting For Berths Read More »
US fuel oil inventories are at their lowest point since 1 January, after stocks in the Gulf Coast region fell by 6% on the week to 9 July, according to data from the Energy Information Administration (EIA). The country’s inventories have been drawn as …
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The technology group Wärtsilä continues to lead the ongoing transformation of the energy and marine sectors towards carbon-free solutions through its future fuel development work. The company is pioneering the adoption of hydrogen and ammonia as viable…