LNG fueling

Thousands of ships could use LNG as fuel. Is that a good thing?

The shipping industry has placed a massive bet on liquefied natural gas as an alternative fuel — as a bridge between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen or something else. Shipowners have spent billions of dollars fitting ships to burn LNG.

What if they’ve made an extremely expensive mistake?

The outcome of shipping’s enormous investment will hinge on price: whether LNG will be cheap enough versus fuel oil, and how regulators treat natural gas’...

https://www.freightwaves.com/news/thousands-of-ships-could-use-lng-as-fuel-is-that-a-good-thing

Tidal wave of new container ships: 2023-24 deliveries to break record

photo of a container ship newbuild under construction

Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ profits.

Such boom-and-bust behavior has been de rigueur for over a century. As London shipbroker J.C. Gould, Angier & Co. wrote in 1894: “The philanthropy of the shipowners is evidently inexhaustible. The amount of tonnage on order guarantees a long continuance of low freight rates.”

The container...

https://www.freightwaves.com/news/tidal-wave-of-new-container-ships-2023-24-deliveries-to-break-record

Among Piers: Empty containers continue making waves

Port of New York and New Jersey

Exported empty containers at the Port of New York and New Jersey in March leapt 77.5% year-over-year.

Amounting to 267,542 twenty-foot equivalent units (TEUs), the exported empties reflect “the need to reposition empty containers around the globe to provide the equipment necessary to support the strong cargo demand,” the port said in a press release this week.

The empty containers contributed to the port setting an all-time monthly record in March, with total volume...

https://s29755.pcdn.co/news/among-piers-empty-containers-continue-making-waves

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