Bussiness News

Global Energy Investments Set To Rebound by 10%

  • Global investment in energy is set to rebound by nearly 10% in 2021 to US$1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic.
  • But spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency.
  • With energy investment returning to pre-crisis levels, its composition is continuing to shift towards electricity.
  • 2021 is on course to be the sixth year in a row that investment...

https://mfame.guru/global-energy-investments-set-to-rebound-by-10/

How Shortage of Shipping Pallets Could Pose As A Serious Threat

After nearly 15 months of living through a pandemic, we’re getting use to the fact that sometimes there are shortages in the supply chain, reports ABC 11.

Shortage of pallets

Probably the most notorious was the toilet paper shortage early in the pandemic. But brace yourselves, the latest shortage doesn’t just affect one type of product, it affects many of them. There’s now a shortage of wooden shipping pallets–the wooden platforms products are stacked on for shipping.

A large percentage of the...

https://mfame.guru/how-shortage-of-shipping-pallets-could-pose-as-a-serious-threat/

Short Disruptions Lead To A Cascading Effect On The Tanker Market

Our belief in a structurally driven strengthening of the tanker market from the second half of 2021 remains intact. In addition, we now also see how short-term disruptions have rapid effects in the market. This clearly indicates that we, after all, have a market in relatively good balance, reports Concordia Maritime.

Fluctuations in the market

In recent times, we have once again been able to see how fast it can fluctuate in the tanker market – due to changes in the supply or transport flows of...

https://mfame.guru/how-short-disruptions-in-the-market-lead-to-cascading-effects/

Pangaea Takes Delivery of First Ice Class Post Panamax Dry Bulk Vessel

Pangaea Logistics, announced that M/V Nordic Nuluujaak, the first Ice Class 1A Post Panamax dry bulk vessel in a series of four ships being built for Pangaea at Guangzhou International Shipyard in China, has been delivered to its Danish subsidiary, Nordic Bulk Carriers says a press release published on PR Newswire website.

Safe & efficient trade 

“This is a big step, and a proud day, for us,” commented Ed Coll, Pangaea’s Chief Executive Officer.

“The combination of partners that came together to...

https://mfame.guru/pangaea-takes-delivery-of-first-ice-class-post-panamax-dry-bulk-vessel/

BSIC Delivered 180,000 dwt Bulker

BSIC delivered the 180,000 dwt bulk carrier ＂CS NANJING, says an article on Xinder Marine.

CS Nanjing

The 180,000 dwt bulk carrier “CS NANJING”, built by Qingdao Beihai Shipbuilding Heavy Industry for CSSC Brokerage Services, was successfully delivered on May 25 morning. The ship is the third ship delivered by BSIC this month.

“CS NANJING” is the second 180,000 dwt bulk carrier ordered by CSSC Brokerage Services in the extreme downturn of the market, playing the role of “reservoir”.

The 180,000 dwt...

https://mfame.guru/bsic-delivers-their-third-bulk-carrier-of-this-month-cs-nanjing/

Korean Shipbuilders, Shippers Pacing Up IPO Process

Korean shipbuilders, shippers push IPOs while the wind is favorable in the sea market says an article on Pulse.

Favorable wind in global sea

Unlisted shipbuilders and shippers in South Korea are rushing to go public in the third quarter to ride on the favorable wind in the global sea with animated commerce and recovered commodity prices feeding their bottom line.

Hyundai Heavy Industries Co. (HHI) under Korea Shipbuilding & Offshore Engineering (KSOE) is readying for an IPO in August or September....

https://mfame.guru/korean-shipbuilders-shippers-pacing-up-ipo-process/

Investments For Sohar Port Exceeds $27 Billion

Despite the current challenging market conditions resulting from the pandemic and fluctuating oil prices, Sohar Port and Freezone reported an increase in cargo volume and overall performance in 2020, reports Zawya.

Sohar Port flourishes

The port recorded a 1 per cent increase in the number of containers that reached the port, whilst breakbulk increased by 18.2 per cent, liquid bulk by 5.9 per cent and dry bulk by 1.5 per cent. In addition, the port also recorded 100 per cent growth in...

https://mfame.guru/investments-for-sohar-port-exceed-27-billion/

DOF Subsea To Work On Petrobras’ Fields

DOF Subsea announced the awards of multiple Vessel and ROV contracts to support the Ocean Bottom Node Seismic campaigns by Shearwater GeoServices Holding AS on Petrobras’s Jubarte, Tupi, and Iracema fields offshore Brazil, says a press release published on their website.

Surveys To Market Penetration

The vessel Skandi Neptune has been allocated for the project and is now getting ready for transit to Rio de Janeiro for commencement of the Jubarte survey in Campos Basis over a 3-months period.

The...

https://mfame.guru/dof-subsea-to-work-on-petrobras-fields/

A Great Year For Digital Ocean Freight

If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly, reports Reuters.

‘Lost sales’

Before July 2020, Austria-based MediaShop’s deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled.

“It was like being in a tunnel where you had only a limited view of...

https://mfame.guru/a-great-year-for-digital-ocean-freight/

KSOE Signs Deals Worth 348 Billion

Korea Shipbuilding wins W348b order for 6 ships, says an article on The Korea Herald.

Order for 6 ships

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday that it has signed deals worth 348 billion won ($308 million) to build six ships.

Under the deal with a Liberian company, Hyundai Samho Heavy Industries Co., a unit of KSOE, will deliver a 91,000-cubic-meter liquefied petroleum gas (LPG) carrier starting in the first half of 2023, KSOE said.

An order for an 86,000-cubic-meter LPG...

https://mfame.guru/ksoe-signs-deals-worth-348-billion/

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