Highlights Marine fuel supply tightness to last into 2022 Wide Hi-5 spread incentivizes scrubber installation Record LNG prices drive high sulfur fuel oil consumption Rising refinery costs impact feedstock demand Continue Reading
The backup of container ships waiting to enter the nation’s busiest port complex isn’t letting up. But it has moved farther from shore. Only about 30 vessels sat within sight Continue Reading
Highlights Premium fees for Asian export cargoes commonplace amid empty container shortage Priority fees emerge for Mediterranean discharge as demand strengthens All-inclusive trans-Pacific container shipping rates to North America strengthened Continue Reading
The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the Continue Reading
The record volume of cargo moving through the U.S.’s busiest port complex is likely to continue amid high consumer demand for goods, the head of the Port of Long Beach Continue Reading
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading
The twin ports of Los Angeles and Long Beach became the most essential gateways for the American economy over the past century as the country expanded its economic reach beyond Continue Reading
Asia is stocking up on LNG inventory to avoid a repeat of last winter’s supply shortage. Surging demand for LNG and increased shipments of U.S. gas to Asia are sending Continue Reading
Global talks on how to clean up shipping are set to begin Monday as momentum builds to cut pollution from the sector. The International Maritime Organization “is under pressure to Continue Reading
Mobile carbon capture in shipping is technically feasible. Mobile carbon capture in shipping is technically feasible and has a long term role to play in meeting the industry’s decarbonization targets. Continue Reading
