Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
With last week’s news that CMA CGM would power its new 23,500 teu “megamax” vessels with LNG fuel, while MSC had opted to stay with conventional heavy fuel oil (HFO) on similarly sized ships, but fit scrubber systems to the engine exhausts, we saw the first real divergence in fuel strategy among major shipping lines. Much of the conversation in carrier boardrooms revolves around their response to forthcoming emissions regulations, but it wasn’t so long ago that of greater concern was “peak oil”: the point at which demand for oil outstrips the planet’s reserves and capacity to refine the black gold. That hasn’t gone away, and this interesting long read in Quartz shows that,with the development of alternative fuels, the concept has taken on a different meaning: “It’s now about moving toward a solar-powered, electric car future that won’t require such vast amounts of fossil fuels.” Freight modes – road and air, as well as maritime – are the single largest consumer of oil, representing 29% of global demand.
Urgent call for breakdown of cargo onboard as General Average declared on Dali
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Resurgence of Somali pirates creates another 'danger zone' for shipping
Flexport is 'back on track' – now it needs to start growing again
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
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