Summer surge in scrubber take-up bad news for free riders
With enough fuel likely to be available those relying on slow steaming alone will lose out, Stifel says.
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Maritime News
Panamax Props Up Baltic Index
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, nudged up on Monday as panamax rates rose for fifth straight session, offsetting weakness in capesizes.The overall index, which factors in rates f…
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Third US Soybean Vessel Left in Limbo Unloads Cargo in China
The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China’s port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday.The vessel’s draft is now at 58 perce…
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Hoegh LNG to Supply FLNG Terminal to Australian Import Project
Norway’s Hoegh LNG has won a tender to supply a floating LNG import terminal for a consortium aiming to import liquefied natural gas to Australia’s east coast from 2020 in a push to boost local supply.Australian Industrial Energy, a consortium that inc…
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Bangladesh’s First FSRU Starts Operations
Bangladesh started operations at the country’s first liquefied natural gas (LNG) terminal on Saturday after ironing out teething issues related to technical problems and bad weather, two sources familiar with the matter told Reuters on Monday.The float…
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