10 JAN 2022 By Gerson Freitas Jr, Sergio Chapa and Natalia Kniazhevich (Bloomberg) — U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance …
Read More »With 2021 coming to a close, here’s a list of most-viewed stories of the year: Maersk Containership Broken Down in the Pacific Ocean Vanishing Ships Underscore Supply Woe: Crisis Peak Is a Mirage Dear Port of Los Angeles, It’s Time to Call the Marines Shipowner Declares General Average for Ever …
Read More »
09 JAN 2022 China has taken the number-one spot in shipbuilding, overtaking South Korea for annual order volume by compensated gross tons (CGT), according to data released Sunday by Clarksons. Over the span of the year, China’s shipbuilders raked in orders totaling about 22.8 million CGT, almost exactly 50 percent …
Read More »
07 JAN 2022 An energy-saving device attached to the propeller of ships developed by MOL three and half decades ago has entered the Guinness World Records as a global best-seller. Japan’s Mitsui O.S.K. Lines (MOL) announced that propeller boss cap fins (PBCF) sold by its subsidiary MOL Tech has been …
Read More »
06 JAN 2022 Economic growth is the aim of many policies. Still, economic growth is also the ultimate cause of pollution and climate change. A growing consensus of activists and scientists calls for ending economic growth and even “de-growth” in rich countries – pointing to the urgent need to protect …
Read More »
05 JAN 2022 Indonesia has cut off all exports of thermal coal for the month of January, reducing ton-mile demand for the dry bulk sector – and limiting the list of sources for China’s coal import needs. The policy measure is intended to address a coal shortfall on Indonesia’s …
Read More »