Ship orders slump 50 percent with owners unsure which green fuel to use
The global ship order book has plunged, as owners are unsure which alternative fuel types to embrace as tighter environmental regulations loom. Most fuel alternatives are only in the trial stage and will not be scalable for at least a decade.
By Elizabeth Low and Jack Wittels, Bloomberg
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With daily rates of USD 100,000 a few weeks ago, the LPG market was basically a money press, as BW LPG chief executive Anders Onarheim puts it in an interview with ShippingWatch. Today, rates would have a hard time going any lower, he says.
At Maersk Supply Service, only three percent of seafarers are female. The company wants to ensure that women never find themselves alone in a male-dominated environment and will deploy women in pairs, head of crew management tells ShippingWatch.
Europe's biggest port now presents a list of 27 companies that have secured permission to operate bunker barges in the port. The licenses have been introduced as part of the efforts to get better control of the port's bunker business.