Maritime Network

IMF Predicts 21% Rise in Oil Prices in 2021

29 January 2021

Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020’s depressed level.
This may be attributed to the rollout of vaccines, and fiscal stimulus programs will help the global economy post a stronger-than-expected recovery from the pandemic.
The IMF now expects global GDP to grow 5.5% in 2021, after a 3.5% contraction in 2020.

A recent news article published in Platts written by Herman Wang reveals that oil prices are to average above $50/b in 2021.

Economies are...

https://mfame.guru/imf-predicts-21-rise-in-oil-prices-in-2021/

Oldendorff Carriers Signs A Major Fuel Saving Technology Project

29 January 2021

Oldendorff Carriers (OC) sign a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), LR and SDARI.
The JDP is to develop a wind-assisted propulsion solution for Dry Bulk Carriers.
The project, scheduled for completion in 2022, breaks down significant barriers for the installation of rotor sails technology.
It paves the path for commercial-ready applications across the industry in the short-term.

A recent news published in the Oldenorff highlights that Oldendorff Carriers...

https://mfame.guru/oldendorff-carriers-signs-a-major-fuel-saving-technology-project/

China Merchants reviews chartering tactics as losses accumulate

29 January 2021

China Merchants Energy Transportation (CMES) has reported an estimated total loss of RMB121.6m ($18.8m) across 14 bulkers it has chartered in. The losses come from four panamax bareboat charter contracts, four panamax time charter contracts and six woodchip carrier bareboat charter contracts. All...

https://splash247.com/china-merchants-reviews-chartering-tactics-as-losses-accumulate/

The Lloyd’s List Podcast: Can shipping move from digital laggard to leader?

29 January 2021

As part of a Lloyd’s List special report on digitalisation in shipping we are looking at shipping’s progress towards efficiency…

https://lloydslist.maritimeintelligence.informa.com/LL1135598/The Lloyds List Podcast Can shipping move from digital laggard to leader

Terminal automation ‘is a process of evolution, not revolution’

29 January 2021

Digitalisation is now accelerating automation, which needs to respond to higher customer expectations. Automation in various forms will be deployed…

https://lloydslist.maritimeintelligence.informa.com/LL1135601/Terminal automation is a process of evolution not revolution

Wealth Line takes delivery of 82,000DWT bulker

29 January 2021

Panama-registered shipowner Wealth Line took delivery of a new bulk carrier on Tuesday, January 26. Classed by LR and built in China by Nantong COSCO KHI Ship Engineering ..

https://www.bairdmaritime.com/ship-world/dry-cargo-world/wealth-line-takes-delivery-of-82000dwt-bulker/

Keppel O&M restructures to exit rigs and focus on renewables

29 January 2021

The leading yard operating group will seek to diversify into next-generation energy projects including in the growing offshore wind, solar…

https://lloydslist.maritimeintelligence.informa.com/LL1135604/Keppel OM restructures to exit rigs and focus on renewables

Covid-19 Death Rate

29 January 2021

The UK now has the highest death rate from Covid-19 of any country in the world, the latest data has revealed.

Check the full article for more

The post Covid-19 Death Rate appeared first on mfame.guru.

https://mfame.guru/covid-19-death-rate/

Seismic shift for Keppel O&M as it ditches rigs and ‘lowvalue-adding’ repairs

29 January 2021

Major changes ahead for the world’s largest rig builder as it looks for better opportunities in gas and renewables

https://www.tradewindsnews.com/shipyards/seismic-shift-for-keppel-o-m-as-it-ditches-rigs-and-lowvalue-adding-repairs/2-1-953589

Cosco Opts To Dispose 10 Tankers

29 January 2021

A number of tankers are being sent for scrap in 2021, with elevated demo rates proving very tempting. Cosco Shipping Energy Transportation recently announced its plans to dispose of 10 elderly tankers as part of its fleet optimisation program.

Cosco Shipping announced its plans to dispose of 10 elderly tankers as part of its fleet optimisation program, reports Splash 247.

About vessels to scrap

The vessels being disposed of are:

five VLCCs,
three suezmaxes,
one panamax and
one handy tanker.

The...

https://mfame.guru/cosco-opts-to-dispose-10-tankers/

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