After years of planning and preparation, construction of an entirely new terminal in the outer area of the Port of Gothenburg has started. The project will be the largest expansion undertaking at the Port of Gothenburg in 40 years. Phase 1 started with piling earlier in the week. The 220,000 square...
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Rolls-Royce and Intel announce autonomous ship collaboration
Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer, the parties announced yesterday. This will advance smart, connected and data-centric systems for ship owners, operators, cargo owners and ports,...
https://www.hellenicshippingnews.com/rolls-royce-and-intel-announce-autonomous-ship-collaboration/
Cheap bunker fuel post-2020 out, shippers to rely on oil majors – Hapag-Lloyd
Haggling for cheap fuel may no longer be the top concern for shippers who consider access to correct fuels and compatibility between them as paramount for guaranteed performance on the high seas, with oil majors in the spotlight to cater to their demands with a “hybrid” fuel, an executive at...
VLCC Tanker Market Retreats After Recent Rebound
VLCC Charterers took a step back last week after previously frenetic activity. In the Middle East Gulf rates peaked at WS 85 for 270,000mt to China, and then softened to low WS 80s, as owners await the November Saudi program. Going west, 280,000mt to the US Gulf was assessed at around WS 32.5...
https://www.hellenicshippingnews.com/vlcc-tanker-market-retreats-after-recent-rebound/
The costs of greenhouse gas reduction in shipping
Who wouldn’t want to know how much reducing shipping’s greenhouse gas (GHG) emissions will all cost? It’s a buzz word (or a statement) resonating amongst stakeholders, public policy forums and private industry alike. Following the achievement made by the IMO in April in MEPC 72, which agreed to cut...
https://www.hellenicshippingnews.com/the-costs-of-greenhouse-gas-reduction-in-shipping/
LNG shipping fleet poised for record growth
The global fleet of liquefied natural gas carriers is slated for record growth this year as LNG becomes easier to trade and U.S. exports ramp up. Shippers, traders and energy companies are expected to take delivery of more than 70 new LNG carriers in 2018, according to a report by S&P Global...
https://www.hellenicshippingnews.com/lng-shipping-fleet-poised-for-record-growth/
MABUX warns bunker prices may be vulnerable amid the uncertainties on both the supply and demand side
World oil indexes rallied last week to their highest level since November 2014 supported by disruptions in the Gulf of Mexico related to Hurricane Michael. However there is downward correction on the market at the moment: API reported a major build of 9.75 million barrels of United States crude oil...
Dubai Maritime City Authority hosts ‘Japan Day’ on the sidelines of ‘UAE Maritime Week 2018’
Dubai Maritime City Authority (DMCA) has revealed that it is set to host a ‘Japan Day’ this October 31, 2018, an event being held on the sidelines of ‘UAE Maritime Week 2018,’. The event reflects a new achievement for UAE Maritime Week 2018 being an international pioneering platform in the global...
Europe, China join hands drawing maritime blueprint
Upon entering the ship repair zone at the port of Piraeus, southern Greece, one could easily notice the immense floating dock painted in black and red and mirrored in the glossy Aegean Sea. Not far from the giant dock is a much smaller old one, lying idle, rusty. The “Piraeus 3” that arrived in...
https://www.hellenicshippingnews.com/europe-china-join-hands-drawing-maritime-blueprint/
Could The Clash Over Khashoggi Spill Into Oil Markets?
It looks like the United States and Saudi Arabia are heading for a major spat over the disappearance of Jamal Khashoggi, a Washington Post columnist and Saudi citizen who had been living in the United States. As always with questions of Saudi Arabia, this leads to concern about the oil market. If...
https://www.hellenicshippingnews.com/could-the-clash-over-khashoggi-spill-into-oil-markets/