With availability no longer an issue, ship owners are lamenting the significant rise in operating costs, due to the IMO 2020 rule. The reason being the almost doubling of fuel costs. In its latest weekly report, shipbroker Intermodal said that “the ear…
IMO 2020: Price of Fuel the Main Reason of Concern for Ship Owners Read More »
The physical principle is the same one humans have used on sailing boats since eons ago: the wind hits the leading edge of the sail and splits into two flows which are redirected and travel at different speeds towards the trailing edge, causing a press…
Unifeeder, the operator of the LNG retrofitted Wes Amelie and first adopter of LNG as marine fuel in the European container feeder segment, must be quite satisfied with the bunker costs of the vessel in 2019. MV Wes Amelie, a 1.000 TEU container feeder…
2019 – A Good Year For LNG As Marine Fuel Read More »
Dry bulk owners are still keen on more investments in dry bulk tonnage, both newbuildings and second hand vessels, despite the fact that the dry bulk market is experiencing one of its most severe periods of downwards pressure, now at a 9-month low. In …
Shipowners Keep Investing in Dry Bulkers Despite Market Demise Read More »
Over $1bn was invested in technology companies working in the maritime sector in 2019 according to a new report published yesterday. A new report published yesterday by technology research and innovation consultancy Thetius, found that 2019 was a recor…
$1.14bn of venture funding invested in maritime last year Read More »