One of the quirks of the Asian marine coal market is that volumes have held up remarkably well, despite the fuel demonized for its role in climate change and the growing number of countries and companies rejecting it. At least that was the case in recent years, but there are now signs that volumes are […]
One of the quirks of the Asian marine coal market is that volumes have held up remarkably well, despite the fuel demonized for its role in climate change and the growing number of countries and companies rejecting it. At least that was the case in recent years, but there are now signs that volumes are […]
Strong points Steel production closes in China despite regional production controls Record steel margins for flat and long steel products Higher restocking demand in the week on Chinese docks Singapore – The Platts 62% Fe iron ore fines index hit a record high at $ 193.85 / mt dry CFR in northern China, 85 cents […]
About 70 million barrels of oil are lost each year due to the evaporation of volatile organic compounds (VOCs) during the loading, storage and transport of crude oil on ships. This is an environmental problem as well as a significant economic cost. The amount lost represents a value of 3.0-3.5 billion USD per year. In […]
While conceding that major uncertainties remain, Clarkson Research Services predicts that global maritime trade estimates for the year 2021 will not only be back to 2019 levels, but are well on their way to exceeding them. Clarksons predicts 4.2% growth this year, with maritime trade volumes reaching 12 billion tonnes, 0.5% above 2019 levels. Clarksons […]
Posted on March 7, 2021 at 1:38 PM by The maritime executive A new set of independent indices for maritime liquefied natural gas (LNG) trade went live this week (March 2), based on carriers using LNG, rather than marine fuel or marine diesel, as fuel. main. Released twice a week, the new indices have been […]
Department of Arms Sailors aboard the Nimitz-class aircraft carrier USS Ronald Reagan launch an inflated target, Killer Tomato, to allow the ship’s large caliber team to fire at an active target. US Navy / Petty Officer 2nd Class Gary Prill PORT HUENEME, Calif .– The US Navy’s Seaborne Targets team from Program Executive Office (PEO) […]
SAirborne coal trade declined in 2020 as major exporters registered lower trade figures. In its latest weekly report, shipping broker Banchero Costa said that “in the 12 months of 2020, global trade in coal by sea has declined by as much as -12.7% year-on-year, according to data from tracking Refinitiv’s ships, as closures shut down […]
Strong points Downstream recovery to slow down the decline Pre-lunar trade for diving China’s readmission of scrap imports set to boost demand This report is part of the S&P Global Platts Metal Trade Review series, where we sift through datasets and digest some of the key trends in metallurgical coal, iron ore, scrap and alumina. […]
NEW WIND ENERGY SERIES (2): Hamburg towing kite demonstrates environmentally friendly wind drives for ships Thousands of years ago, when engines were unknown, people were well aware of the enormous potential of wind at sea. Nowadays, all kinds of container ships navigate the high seas. Some are powered by gas. while others use fuel cells […]