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FuelTrust, the technology company dedicated to creating a trusted and sustainable fuel ecosystem for the maritime industry, has released a new report examining bunker discrepancies in the maritime industry, … |
https://maritime-professionals.com/supply-chain-management-in-the-bunker-fuel-industry/
Oilmar Shipping and Chartering’s Maaz Ahmed is the MEA region’s regional manager for marine fuels. The views expressed in this opinion post are those of the author and do not necessarily represent those of their employer, as reported by Ship&Bunker.
High inflationGlobal logistics activity appears to be in a rut in the coming months due to the socio-economic and geopolitical unrest that is roiling the world. This unrest is caused by high inflation, perpetual COVID...
Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees.
Today’s price for low-sulphur fuel oil (LSFO) at Rotterdam is just under $500 per ton, which is up 25% since the beginning of the year and some 60% higher than in November.
And carriers are busy resetting their fuel increase recovery mechanisms, effective today or from …
The post No sympathy for carriers from...
For a raft of investors, the most pressing question in 2021 so far has been how long the new container shipping supercycle would last, but for the trade it’s different.
For many freight buyers, the start of the year was characterised by the surprise news that the Saudi government had indicated higher fuel costs might be on the way.
Just before the announcement – good timing! – Premium wrote: “Ocean freight randomness – the skeleton …
The post Supply chain radar: The drama unfolds – spare a...
https://theloadstar.com/supply-chain-radar-the-drama-unfolds-spare-a-thought-for-the-shippers/
As oil prices head north again, ocean carriers are preparing to ramp up low-sulphur fuel surcharges to add to the misery of shippers struggling with sky-high freight rates, surcharges and premium fees.
Since early September, the price of Brent crude has increased by 41%, to $55 a barrel, with an 8% spike alone last week driven by Saudi Arabia’s pledge to cut output.
During the same period, heavy fuel oil (HFO), consumed …
The post More misery for shippers with return of bunker surcharges on the...
https://theloadstar.com/more-misery-for-shippers-with-return-of-bunker-surcharges-on-the-radar/
Consort Bunkers acquires Xihe tankers, writes Jason Jiang for Splash247.com news.
Product tankers from XiheSingapore’s Consort Bunkers has acquired two small clean product tankers from financially troubled Xihe Group.
2011 built estimation priceBoth Advanced Shipping & Trading and Seasure Shipbroking reported...
https://mfame.guru/consort-bunkers-acquires-tankers-from-xihe/
In the future,from about 2050 onward, the world shipping fleet will likely be powered by ammonia and hydrogen, says the International Energy Agency.
The IEA report, Technology Energy Perspectives 2020, notes that, “shipping is the least energy-intensive way to carry goods: despite the size of its share of...
https://shippingaustralia.com.au/ships-likely-to-be-powered-by-ammonia-and-hydrogen-says-iea/
As lockdown measures ease around of the world, trading has picked up, resulting in more containers being shipped and prompting some carriers to increase rates and ‘un-blank’ some sailings.
These first steps towards recovery of the market, however, are tentative, with much uncertainty as to how long shops will remain open in the event of a second spike in infections and the subsequent re-imposition of restrictions.
Despite this, supply chains have been …
The post Platts monthly container market...
https://theloadstar.com/platts-monthly-container-market-commentary-balance-in-the-force-again/
The easing of lockdowns, especially across much of Europe, has helped demand for container freight gradually get back on its feet to take the first tentative steps toward recovery.
After a few months in which demand tumbled around the world, the re-opening of some shops, with more expected in the coming weeks, has resulted in a sudden jump in demand, especially as there are large numbers of vessels out of the …
The post Platts monthly commentary: As demand begins to revive, fears of a new...