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Apostolos Rompopoulos News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Carbon Capture Could Be of Interest to the Maritime Industry | Hellenic Shipping News Worldwide

The nascent industry of carbon storage and utilization could be of interest to shipping, when it comes to its decarbonization effots. In its latest weekly report, shipbroker Intermodal noted that “we have seen India and Pakistan suffering the last days from extreme spring heatwaves. It is, indeed, a wake-up call to the international as well .

Tanker Market Won t Benefit from OPEC s Latest Decision | Hellenic Shipping News Worldwide

The tanker market didn’t receive any positive news from yesterday’s OPEC decision to stick with its planned output increase of 400,000 b/d for March, despite rising market uncertainties stemming from the latest geopolitical tensions. In its latest weekly report, shipbroker Intermodal said that “oil prices have rallied to the highest level since October 2014 breaking .

Tanker Demand Could Receive a Welcome Boost In the Coming Weeks | Hellenic Shipping News Worldwide

Tanker Demand Could Receive a Welcome Boost In the Coming Weeks | Hellenic Shipping News Worldwide
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Is LNG s Role in Shipping s Decarbonization Limited? | Hellenic Shipping News Worldwide

Is LNG’s Role in Shipping’s Decarbonization Limited? LNG has long been touted as a major factor towards shipping’s switch to cleaner fuels. However, is this really the case today? In its latest weekly report, shipbroker Intermodal said that “after the World Bank recently rejected liquefied natural gas, LNG, as a sustainable fuel for shipping in the future, the battle for climate-friendly fuels has increased. The World Bank discovers that LNG may have a limited role in the decarbonization of the shipping sector”, which must halve CO2 emissions by 2050 measured against 2008. It is a niche fuel used on existing routes and special ships, states the World Bank’s report, which is titled The Role of LNG in the Transition toward Low- and Zero-Carbon Shipping. The World Bank also advises member countries against new investments in e.g. infrastructure and relevant policies that support the use of LNG as a bunker fuel for international shipping”.

Trade Financing To Experience Period of Tranformation, Post-COVID | Hellenic Shipping News Worldwide

Trade Financing To Experience Period of Tranformation, Post-COVID The existing disruptions in the global supply chain and commodities’ trade is having an impact on all aspects of trade, including financing. In its latest weekly report, shipbroker Intermodal said that “trading companies frequently count on short-term credit lines to finance their deals. In case they do not secure those funds it may affect the possibility of completing the transactions. A decrease in transaction values caused by the significantly low oil prices and many high firm bankruptcies have influenced banks’ commodity trade finance revenues amidst the pandemic”. Intermodal’s tanker chartering broker, Mr. Apostolos Rompopoulos said that “according to Coalition, an S&P Global research company, total revenues for this line of business for banks globally dropped remarkably over the year in the first six months of 2020, with a 40% decline in the second quarter. Some of the major commodity and trade-fina

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