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Singapore weak barging spreads dampen time charter market for bunker tankers

Barge fleets will likely be downsized as rising operational expenditures and narrow differential between Singapore-delivered Marine Fuel 0.5%S and ex-wharf basis depresses margins, prompting bunker suppliers who time-chartered these barges to consider a contract lapse upon expiry, with no intention to renew it in the near term. A Singapore-based bunker supplier said that he was …

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How to solve COVID’s crew change crisis and protect global supply chains

Around 80% of global trade is transported by ships, and the maritime supply chain is supported by more than 1 million seafarers who are key in delivering the services needed to run our societies. Even as the world slowed down as a result of the pandemic, seafarers did not stop, but kept the supply chain …

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BIMCO issues updated list of restrictions on scrubber wash water discharge

Overview BIMCO has issued an updated list of local restrictions on the discharge of the wash water from Exhaust Gas Cleaning Systems (EGCS), also known as scrubbers. The International Maritime Organization (IMO) has initiated evaluation and harmonization of rules and guidance on the discharge of water (including wash water) from scrubbers into the aquatic environment, …

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Stolt-Nielsen: In-line results and unchanged positive outlook

Stolt-Nielsen’s March-May figures were higher QoQ, following the seasonally worst and blizzard-impacted first quarter and the main metrics were in line with our and consensus expectations. Stronger 2H21 is still expected, while seeing the improved demand for Tank Containers that set new shipment records, Stolt-Nielsen decided to strengthen the segment by purchasing more containers to …

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Brazil’s Marine lower-sulfur fuel oil outsells LatAm peers in Asia

Brazil is growing its marine fuel oil exports to Asia’s lucrative premium hubs, where rules mandating lower sulfur content have been squeezing out most of its Latin American peers, according to sources and data. Fuel oil exports are the second largest source of energy revenue for most Latin American oil producers. The tougher emissions rules …

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Industry View: Shipping In A Post-Covid World

Seafarers may be reluctant to go ashore when ports reopen after the coronavirus pandemic despite some of them spending a year or more away from family and friends, according to a mental health expert. Charles Watkins, a clinical psychologist and Managing Director of Mental Health Support Solutions, believes crewmembers will likely suffer from post-covid stress …

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In focus: Heating up the energy transition

The latest developments from the offshore energy industry related to the ongoing energy transition. Premium content You are currently not logged into your account. Register and get a two week trial. You need javascript to validate your login status. Premium Premium content Would you like to read on?Do not miss out on any premium content …

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MeyGen delivers record-breaking 37GWh to UK grid as SIMEC Atlantis trims year-end losses

SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far. SIMEC Atlantis’ team in front of AR1500 tidal turbine …

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Shell founds 10 MW green hydrogen electrolyser

Royal Dutch Shell has started operations at its ten megawatts green hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery in Germany. Courtesy of Shell Shell claims the Refhyne project be Europe’s largest PEM hydrogen electrolyser; the first to use this technology at such a large scale in a refinery. The Rheinland electrolyser …

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Aker Solutions to modify Draugen platform for Hasselmus gas

Aker Solutions has won a contract from OKEA for modifications on the Draugen platform to enable the processing of gas from the Hasselmus discovery. The contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of new equipment. The scope covers hook-up of a new riser, a new inlet arrangement with an electrical heater, a new …

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