In a world driven by connectivity and digitalisation, the maritime industry is not immune to the growing threat of cyberattacks. A recent report by Thetius, law firm HFW, and maritime cybersecurity company CyberOwl reveals a sobering truth: the average cost of a cyberattack in the maritime sector has soared to $550,000, a threefold increase from …
Integr8 Fuels’ LNG desk has recently traded several LNG stems as a volatile market encourages buyers to seek spot deals to manage their price risk. LNG bunkering is typically more complex than bunkering of conventional fuels. It requires a very good understanding of the operational, commercial and contractual aspects of LNG deliveries, and Integr8 has …
Integr8 sees spot LNG bunker demand pick up in evolving market Read More »
Drewry’s World Container Index remained stable at $1,364 per 40ft container this week. Our detailed assessment for Thursday, 19 October 2023 • The composite index remained stable at $1,364 this week and has dropped by 60% when compared with the same week last year. • The latest Drewry WCI composite index of $1,364 per 40-foot …
Fuel oil cash premiums slipped further in Asia on Friday, while more supply tenders for end-October and November were underway. The very low sulphur fuel oil (VLSFO) cash premium fell for a fourth day to $18.45 a metric ton, while refining crack declined to $9.76 a barrel. High sulphur fuel oil (HSFO) also came under …
Asia Fuel Oil-Cash premiums soften; more supply tenders underway Read More »
Evergreen Marine Corporation (“Evergreen”) and Copenhagen Infrastructure Partners (“CIP”) have signed a Memorandum of Understanding (MOU) to jointly explore production and usage of carbon-neutral e-fuels. CIP has signed the MOU on behalf of its Energy Transition Fund. With more than 200 container vessels deployed around the world, Evergreen is amongst the 10 biggest container shipping …
Evergreen and CIP team up to explore green shipping fuels Read More »
North America Demand for all fuel grades has improved in Houston this week. VLSFO and LSMGO grades are generally in good supply with suppliers in the Houston area. Most suppliers are able to deliver stems with 2-3 days of lead time, as well as on dates further out. HSFO needs a longer lead time of …
ENGINE: Americas Bunker Fuel Availability Outlook 19 October 2023 Read More »
Avaada Group, India’s prominent integrated energy platform, has signed Memorandum of Understanding (MoU) with Gopalpur Port Limited. This strategic alliance aims to establish a cutting-edge Storage Facility dedicated to storing Green Ammonia at the Gopalpur port, marking a pivotal moment in the journey towards greener future. Green Ammonia, an eco-friendly solution, is expected to play …
Marinfloc, a pioneer in maritime environmental solutions, proudly announces a pivotal update to its CD EGR system. Following rigorous and extensive tests, we’ve secured approval to treat Exhaust Gas Recirculation bleed off water from WIN-GD engines equipped with iCER systems. Consequently, the CD EGR is transitioning to the Marinfloc WTS (Water Treatment System), a testament …
Catering management specialists MCTC is shining a spotlight on the challenges Galley Cooks deal with onboard, including a lack of provisions, catering for different nationalities, and putting crews’ needs before their own, on this year’s International Chefs Day. As the world has struggled with cost of living and supply chain crises over the past year, …
Watson Farley & Williams (“WFW”) Paris is delighted to announce it has joined industry association Wind Ship in France, part of the International Windship Association, to help the energy transition and decarbonisation of the maritime sector by developing and deploying wind-power propelled vessels. Wind Ship’s financial and environmental goals reflect the maritime industry’s commitment to …
