Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and 2021, significantly outpacing all other commodities which combined grew at an average of just 4.3% per year. So far in 2022, the appetite for bauxite imports has remained …
China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y Read More »
Drewry’s composite World Container Index decreased by 0.9% to $7,874.43 per 40ft container this week. Our detailed assessment for Thursday, 21 April 2022 The composite index decreased by 0.9% this week, but, remains 60.3% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,965 per 40ft …
Drewry: World Container Index 60.3% Higher Than Last Year, Down 0.9% on the Week Read More »
High volatility remains in the global bunker market, accompanied by sharp irregular changes of bunker indices. Over the Week 16, MABUX Bunker Index switched again to firm upward evolution. The 380 HSFO Index rose by 16.94 USD: from 712.01 USD/MT to 728.95 USD/MT. The VLSFO Index went up by 13.04 USD: from 921.54 USD/MT to …
“ABB has started the year with a promising performance in the face of multiple external uncertainties. I expect this year to result in improving profitability, solid cash flow and execution of our planned portfolio activities.” Björn Rosengren, CEO CEO summary In the first quarter, we witnessed the start of the war in Ukraine – a …
Korean Register (KR) Senior Surveyor, HA Seungman, has been awarded the prestigious Denny Medal from the Institute of Marine Engineering, Science & Technology (IMarEST). The renowned Denny Medal is awarded to the best paper published in the Journal of Marine Engineering and Technology (JMET) and the Journal of Operational Oceanography (JOO). Ha won the award …
KR’s Senior Surveyor Awarded Prestigious Denny Medal Read More »
Leading Classification Society ClassNK has issued an Approval in Principle (AiP) for the design of an ammonia-ready LNG-fueled Panamax bulk carrier developed by Planning and Design Center for Greener Ships (GSC). Ammonia is expected to be used as ship fuel for decarbonization since it does not emit CO2 when burned. Meanwhile, taking adequate safety measures …
ZeroLab by Klaveness today announces that it has completed a milestone project with CBH Group, Australia’s largest co-operative and a leader in the Australian grain industry, delivering its first detailed analysis of CBH’s GHG emissions from shipping in 2021. The deal expands ZeroLab’s foothold in the grains industry as they continuously strive to reduce CO2-emissions …
ZeroLab by Klaveness and CBH Group Carry Out Milestone Emissions Monitoring Project Read More »
The 34th Interim Meeting of ASA SPC was held online on 18 April 2022 due to precautionary measures against COVID-19. The meeting was chaired by Mr Keiji Tomoda, Vice President of the Japanese Shipowners’ Association and participated in by 24 delegates from ASA member associations of ASEAN, Chinese Taipei, Hong Kong, Japan and Korea, as …
Joint Statement of the ASA SPC 34th Interim Meeting 2022 held on 18 April 2022 Read More »
Nautilus International and the ITF are calling on the UK government to intervene, after inspectors seeking to ensure the welfare of seafarers were denied access to P&O Ferries vessels in the Port of Dover. In an almost unprecedented move for the UK, officials at the port yesterday refused to allow inspectors working for the International …
P&O Ferries: ITF inspectors blocked from checking on crew welfare Read More »
A newly published guidance paper from DNV seeks to support the prevention and mitigation of blackouts impacting passenger vessels. With blackout incidents on cruise ships on the rise, DNV has created a new guidance titled ‘Managing the risk of blackouts’ which addresses the main causes and associated risks, while offering recommendations and best practices on …
