Product Tankers Poised to Profit from Jet Fuel Rebound
The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometers dropped nearly 90% in early 2020. Initially, air cargo volumes fell as well but saw volumes climb 5-10% above pre-pandemic levels in 2021. During 2022, the surge in cargo volumes slowed along with global economic growth prospects whereas passenger traffic continued to recover. Now, the relaxation…
Residents Flee South Texas Ahead of Harvey
Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains along the central Texas coast and potentially loop back over the Gulf of Mexico before hitting Houston, some models showed. "My urgent message to my fellow Texans is that if you live in a region where evacuation has been ordered, you need to heed that advice and get out of harm's way while you can," Texas Gov. Greg Abbott said in a televised address.
Hurricane Harvey Strengthens, Threatens US
Hurricane Harvey intensified early on Friday into potentially the most powerful hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries. Oil and gas operations have already been disrupted and gasoline prices have spiked. "Now is the time to urgently hide from the wind.
Dual-fuel Ferry Claimed to be the World's Speediest Ship
Incat Tasmania’s dual-fuel vehicle & passenger ferry 'Francisco' has attained 58.1 knots operating on LNG fuel only. Francisco has been constructed for South American company Buquebus, for service on the River Plate, between Buenos Aires Argentina and Montevideo, Uruguay. With water ballast removed, and with both Port and Starboard Gas Turbines operating on LNG; Francisco achieved 58.1 knots at 100% Maximum Continuous Rating (MCR), which the Australian builders take to be a world record…
Incat LNG Ferry a World First
Australian shipbuilder Incat Tasmania Pty Ltd launch world’s first high speed passenger Ro-Ro ship powered by LNG (Liquified Natural Gas). The vessel will be the first installation of LNG powered dual fuel engines in an Incat high speed ferry, and the first high speed craft built under the HSC code to be powered by Gas Turbines using LNG as the primary fuel and marine distillate for standby and ancillary use. The new ship has been moored alongside the Incat shipyard wharf on Prince…
World-first Incat LNG Ship To Operate In South America
Australian shipbuilder Incat Tasmania Pty Ltd is pleased to announce the name of the customer for their world first high speed passenger Ro-Ro ship powered by LNG (Liquified Natural Gas). The 99 metre LNG ship was contracted by South American company Buquebus in November 2010, however for commercial reasons Buquebus requested that identity be kept under wraps. They have now announced that they will operate the vessel on their River Plate service between Buenos Aires, Argentina and Montevideo in Uruguay.
