Blog – Page 3800 – Seaview Corporate

Xeneta container rates alert: carriers stand strong against pandemic storm with hike in long-term contracted rates

It’s enough to have industry observers scratching their heads in wonder. In the face of continued economic uncertainty, a delicate geopolitical situation, and a crippling global pandemic – all with obvious widespread international trade implications – container shipping companies are seemingly managing an impossible balancing act. According to the latest Xeneta Shipping Index (XSI®) Public …

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MABUX: Bearish Bunker Fuel Market Trend Still Dominating

The Global Fuel market continues to focus on the bearish signs—rising U.S. inventories, increased oil supply from Libya, and the second COVID-19 wave in major developed economies threatening the economic and put more pressure on fuel prices in recent weeks. The World Bunker Index MABUX did not have any firm trend in October, having reached …

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ABS Publishes Guidance on Ammonia as a Marine Fuel, Supports Study to Explore Ammonia’s Potential for Singapore

ABS has published guidance on Ammonia as Marine Fuel, evaluating the challenges in design and operation of ammonia-fueled vessels. The latest in an ongoing series of ABS sustainability focused whitepapers examining different fuel options for the marine industry, Ammonia as Marine Fuel provides information for shipowners considering ammonia as an option in both the near-term …

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Container sector scrambles to avert holiday ‘shipageddon’

’Twas the night before Christmas and all though Shenzhen, not a container was stirring; they’d been “rolled” yet again. This is the holiday “shipageddon” fear for ocean shippers. Amid heavy rolling — delays of loadings until subsequent voyages — can all those flat-screens, Pelotons, laptops, webcams, sneakers and toys make it from China to America …

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Drug Smuggling in Commercial Shipping

With the maritime industry continually improving anti-narcotics operations around the world, traffickers are finding increasingly novel and ingenious ways of smuggling drugs. Ian Short and Sam Jones explore the indirect legal and commercial consequences to shipowners and charterers arising out of delays and losses caused. A ship’s sea chest in an underwater shell and fitted …

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MAN to supply compressors for Equinor’s Bacalhau FPSO

Japanese supplier and operator of offshore floating platforms MODEC has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for the first Brazilian offshore gas extraction project of the end customer Equinor. MAN said on Wednesday that the compressor trains would be installed aboard the largest FPSO …

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Woodfibre LNG granted construction deadline extension

The developers behind the Woodfibre liquefied natural gas (LNG) export project on Canada’s West Coast has been granted a permit to postpone the start of construction. Courtesy of Woodfibre LNG In its notice, the Environmental Assessment Office noted the deadline for the construction stat is October 26, 2025. The initial deadline by which the project …

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Avenir Advantage delivered to Future Horizon

Avenir LNG said its recently delivered LBV Avenir Advantage has been delivered to its owner, Future Horizon. Courtesy of Avenir LNG Avenir LNG, a joint venture between Stolt-Nielsen, Hoegh LNG and Golar LNG, reminded the vessel has been chartered to Petronas for a three-year period. Avenir Advantage, a dual-purpose LNG bunkering and supply vessel, was …

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Carnegie lands Microsoft AI for Earth grant

Australian developer Carnegie Clean Energy has secured a Microsoft AI for Earth grant to support a project that uses artificial intelligence (AI) to enhance the capabilities of its ‘Wave Predictor‘ and broadens its potential applications. Microsoft’s AI for Earth grants provide access to Microsoft resources to support projects that use artificial intelligence to change the …

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Cenovus to cut up to a quarter of combined workforce with Husky after deal wrap-up

Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy. Cenovus said on Tuesday that the workforce cut would be done to slash costs for the company now that it merged with Husky. According to an article by Reuters, …

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