Brazilian giant eyes dual-fuel ethanol engines as key to fleet expansion

Everllence and Vale – one of the world’s leading producers of iron ore, copper and nickel, and one of the largest logistics operators in Brazil – have signed a cooperation agreement regarding the development of ethanol as a marine fuel.

Ένας σύγχρονος πολιτιστικός κόμβος 500+ τ.μ. με καινοτόμες εφαρμογές VR και διεθνή προσανατολισμό και χώρος πολιτιστικής εμπειρίας, εκπαίδευσης και ερμηνείας της ναυτικής ταυτότητας του νησιού.

Container

Last Friday, the US Supreme Court ruled that President Trump did not have authority to create and impose last year’s import tariffs as he did, effectively invalidating these tariffs. The American Government quickly imposed an alternative blanket 10pct tariff to all imports instead using a different legal statute.

LNG

The LNG market made gains this week, driven primarily by strong activity in the Atlantic basin. An inherently tight position list in the West, combined with steady enquiry, kept upward pressure on rates, while the Pacific held firm around the high $20,000s mark.

Clean

LR2

Freight levels on MEG LR2’s climbed consistently this week. The TC1 75kt MEG/Japan rate went from WS168 to WS197 with the corresponding TCE jumping 24% to just under $45,800/day on Baltic description round trip.

Capesize

The week began with renewed optimism, led by a firmer Pacific market as all three major miners returned to the market and operator cargo volumes appeared healthy.