LNG-powered vessels are likely to find favorable treatment from lenders under the Poseidon Principles, according to a new study by Sea-LNG. Sea-LNG is a multi-sector industry coalition that was founded in 2016 to advocate for the use of LNG over conven…
Study shows LNG-powered vessels save on interest rates Read More »
Batteries are used as an emergency source of electric power on ships of all types. Lead is usually found in lead-acid batteries. Lead is considered as heavy metal and correct handling of it is essential. Similarly, contact with acid is hazardous to hum…
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. The pandemic waves have disrupted supply chains and cargo flows across the world. Global oil demand was se…
A look back into 2020: The headwinds, the tailwinds and everything in between Read More »
In the December 2020/January 2021 issue of Bunkerspot, BIMCO’s Deputy Secretary General Lars Robert Pedersen considers what the new MARPOL Annex VI amendments on ships’ operational efficiency will mean for the industry. Read the article below: It shoul…
Choppy waters: Rebalancing of crude tanker market looks difficult as demolitions decline. The ongoing lull in scrapping activity is a worrying sign for the crude tanker market which is struggling with overcapacity. Moreover, a sharp decline in vessel e…
Rough Seas Ahead For Crude Tanker Market As Demolitions Drop Read More »