The 49.2 composite reading of the Caixin/Markit China manufacturing Purchasing Managers Index (PMI) in August marks the first contraction in activity since April 2020 when China was recovering from its initial COVID-19 outbreak. The recent rise in COVI…
BIMCO: China’s 49.2 manufacturing PMI indicates falling activity in August Read More »
VLSFO and LSMGO grades are widely available in Europe and Africa, while HSFO is in tight supply for prompt deliveries in certain ports this week. Low sulphur fuels are generally readily available for prompt deliveries in major ports across Europe and S…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Today sees the launch of DNV, the world’s leading classification society’s latest Maritime Forecast to 2050, part of the Energy Transition Outlook (ETO) suite of reports. Conceived to help shipowners navigate the technologies and fuels needed to meet g…
DNV’s new ‘decarbonization stairway’ model helps shipowners navigate newbuild dilemmas Read More »
After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year. Although August saw rates rise by a relatively mode…
Container Market: Rising Long-Term Rates And Port Congestion Compound Cargo Owner Woes Read More »
Almost as long as scrubber technology has been commercially available for shipping, questions have been raised about the potential longevity of the technology. The potential for extending the scope of scrubber technology beyond reducing SOx emissions f…
Scrubbers for the future Read More »