OCEAN CURRENT ENERGY – CLEAN POWER FOR VIETNAM’S FUTURE As the world accelerates its energy transition, Vietnam stands at the threshold of a groundbreaking opportunity: harnessing ocean currents—a clean, continuous, and renewable energy source unaffected by sunlight or wind fluctuations. With the right strategy, ocean current energy could become a cornerstone of Vietnam’s green economy, […]
Author Archives: Hoi Quan Thuyen vien
24
Feb
Feb
DRY BULK SHIPPING: INDIA’S COAL IMPORTS SLOWLY India’s coal imports edged downwards during 2024, having a negative impact on dry bulk shipping. In a recent weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabotage), based on vessel tracking data from […]
23
Feb
Feb
OIL FALLS 2% BUT STILL SET FOR SLIGHT WEEKLY GAIN ON SUPPLY JITTERS Oil prices fell 2% on Friday but were still on track for a weekly gain on supply disruptions in Russia while uncertainty loomed over a potential peace deal in Ukraine. Brent futures fell $1.42, or 1.9%, to $75.06 a barrel by 10:48 […]
22
Feb
Feb
COULD THE DAYS OF THE DARK FLEET BE NUMBERED? Amid growing concerns about the size and the operation of the ‘dark fleet’, rapid geopolitical developments resulting from policies adopted by the new US Administration policies could change the backdrop. In its most recent Tanker Opinion, New York broker Poten & Partners points out that Russia, Iran […]
20
Feb
Feb
HSFO SPOT PREMIUMS DIP BUT BACKWARDATION HOLDS Spot premiums for high sulphur fuel oil (HSFO) eased further in Asia on Tuesday, although backwardation retained its strength in the prompt trading months. The March/April backwardation spread for 380-cst HSFO closed at $15.50 per metric ton on Tuesday, widening from the previous session in volatile trade, according […]
19
Feb
Feb
MAN DUAL-FUEL METHANOL ENGINE PASSES TYPE APPROVAL TEST Genset receives approval from all major class societies in attendance at CSSC Marine Power event. MAN Energy Solutions (MAN ES) announced that its MAN 7L21/31DF-M dual-fuel methanol engine passed its Type Approval Test (TAT) at licensee CSSC Marine Power’s (CMP) production facility in Zhenjiang, China. The genset […]
19
Feb
Feb
VPS: 2024 MARINE BUNKER FUELS REVIEW 2024 saw the continuing evolution and widening of available maritime fuel types and grades, as the global shipping industry continues to gather decarbonisation momentum to reduce its emissions to meet current and future legislation targets. Existing CII and EEXI requirements, plus EU ETS legislation, saw increasing demand for additional […]
19
Feb
Feb
🚀 EVENT: TOP 9 ESSENTIAL HARD SKILLS ✨ 📢 Hot news! There are 9 must-have hard skills that are making waves in the job market. So, what are these game-changing skills that help fresh grads and office workers climb the career ladder fast? 🤔 🎯 Join the event to:💡 Discover the 9 hard skills that […]
19
Feb
Feb
MORE ACTIVITY IN THE S&P MARKET The market for second hand ships has been expanding so far this year, with more deals being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the dry bulk segment, SENTOSA CHALLENGER 81,600 dwt 2020 Imabari built (SS and DD due Apr 2025) and SENTOSA SPIRIT […]
19
Feb
Feb
IRAN INSTALLS ELECTRONIC LOCKS ON OIL TANKERS TO STOP FUEL SMUGGLING Iran has introduced a new initiative to enhance security and monitoring in its oil transportation sector by installing electronic locks on oil tankers. The National Iranian Oil Engineering and Construction Company (NIOEC) has launched a comprehensive project titled “Real-Time Monitoring of the Supply and […]
