Knut Ørbeck-Nilssen, CEO of DNV Maritime, argues that maritime’s drive for decarbonization shouldn’t be seen as a race, but rather a dugnad. While the word means little outside of Norway, it has implications capable of transforming progress worldwide. …
Dugnad to zero emissions Read More »
The COVID-19 pandemic has pulled together a variety of factors that have brought the opportunities of artificial intelligence (AI) and machine learning (ML) into sharp focus across the board. Authored by James Fanshawe CBE AFNI, Chairman of the UK’s Ma…
The Collective Benefits Of Artificial Intelligence And Machine Learning Read More »
The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounti…
Demolition Activity Up 40% Versus 2020 Read More »
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year l…
Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt Read More »
HSFO380 supply has improved in Houston while its price maintains regional premiums, and truck driver strikes have limited outbound cargo in Argentina’s Bahia Blanca and Necochea this week. US fuel oil inventories were drawn last week, and averaged 7% l…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »