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EIA consultation period opens for Danish nearshore wind farms

The Danish Energy Agency (DEA) has launched the public consultation period regarding the new environmental impact assessment (EIA) reports for the Vesterhav Syd and Vesterhav Nord nearshore wind farms. Interested parties are free to submit responses and comments on the new environmental impact reports no later than 30 June. The DEA expects to be able to grant the …

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Orion crane collapse probe points to hook failure

The investigations into the collapse of the heavy-lift crane onboard the installation vessel Orion are ongoing, with the first findings indicating that ”the accident had to do with a failure of the crane hook”, a spokesperson for DEME Group said. However, further investigations will need to be carried out to confirm the cause, DEME said. …

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ExxonMobil: Cylinder lubrication must adapt to a multi-fuel reality

The impending acceleration of decarbonization efforts to meet the IMO’s 2050 targets is expected also to speed up the development of new more environmentally-friendly engine designs. Aside from the very low sulphur fuels, engines of the future are expected to be powered by a number of alternative fuels as well including methanol, LPG, biofuels and …

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Petrobras sets new oil export record despite low demand

Brazilian oil and gas giant Petrobras reached an oil export record during April, exporting 1 million barrels of oil per day, despite challenging circumstances including low oil prices and a sharp decline in demand. Petrobras said on Monday that this was a new oil export record. The previous record was 771 thousand barrels per day, …

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BIMCO shares WPSP COVID19 information

While guided by the 17 UN Sustainability Development Goals, The World Ports Sustainability Program (WPSP), initiated by International Association of Ports and Harbours and other industry partners, are also weekly surveys to measures the impact of COVID19 on the maritime industry. These reports provide valuable insights by bringing tangible and empirically founded information to the …

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MABUX: Bunker market this morning, May.05

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) changed irregular with no firm trend on May.04: 380 HSFO – USD/MT – 215.56 (+2.20) VLSFO – USD/MT – 241.00 (+2.00) MGO – USD/MT – 318.80 (-2.05) Meantime, world oil indexes changed also …

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Drewry Forwarder Benchmarking Club achieves global coverage milestone

Drewry is delighted to report that its exclusive online ocean freight cost comparison service for freight forwarders and non-vessel operating common carriers (NVOCCs) has achieved a significant participation milestone, with global coverage now extending to over 4,000 port pairs. Launched in 2019, Drewry Forwarder Benchmarking Club follows a similar model to Drewry’s other freight cost …

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Some Shipping Lines May Not Survive Downturn, Hapag-Lloyd Chief Says

Some container shipping companies may collapse if the global trade downturn stemming from coronavirus lockdowns extends to the end of the year or beyond, the head of Germany’s biggest shipping company said. “The shape of the recovery is very uncertain,” Hapag-Lloyd AG Chief Executive Rolf Habben Jansen, said in an interview. “We are cutting costs …

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World’s largest merchant vessel from Korea flies Panamanian flag

The world’s largest container vessel owned by HMM, Korea’s largest containers carrier, flies the Panamanian flag, the Panamanian Embassy in Seoul said last week. The embassy said HMM Algeciras, for convenient international maritime trade, has been flying the Panamanian flag after it was built by Daewoo Shipbuilding and Marine Engineering (DSME) in April and has …

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Opening something up, at the start of lockdown?

A recent case may be of great significance for fixtures that stipulate pro rata demurrage amid simultaneous handling of different parcels. Introduction Just a few hours before the UK government’s announcement on 23 March, there was a ruling in Tricon Energy Ltd v MTM Trading LLC [2020] EWHC 700 (Comm), a rare appeal from an …

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