The composite index increased 19.8% this week, and 185% up when compared with same period of 2020. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,221 per 40ft container, which is $3,652 higher than the five-year average of $1,569 per 40ft container. Drewry’s composite World Container index increased 19.8% or …
Coal carriers can look forward to a 26m-tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic-struck 2020. Statistics from global energy analyst IEA put 2020 trade volumes at a 10% retraction, equivalent to around 150m tonnes – the largest drop ever – …
An exchange-traded fund tracking the cost of global shipping surged Friday, continuing a month-long rally. The Breakwave Dry Bulk Shipping, which claims it’s the only freight futures exchange-traded product to focus on dry bulk shipping, was up nearly 12% Friday morning, and has gained more than 35% in the year to date. Dry bulk shipping …
Shipping ETF, up 35% year-to-date, extends gains Read More »
China Tianjin Shipping Index (TSI), an indicator of northern China’s ocean freight rates for both international and domestic shipping markets, stood at 1,186.36 points on Friday, down 0.73 percent compared with the previous working day. The statistical samples of TSI cover 27 international shipping routes from the ports of Tianjin, Qingdao and Caofeidian, and major …
Crew change facilitation has come in the spotlight of the Singapore Ministry of Health, following cases of COVID-19 transmission between ship- and shore-based personnel. Currently, the transmitted cases have had no impact on the crew change facilitation in Singapore, but the detection has placed spotlight on the maritime industry. In order to continue the crew …
Singapore Shipping Association Urges The Industry To Comply With Covid-19 Protocols Read More »
The Prysmian Group is betting on Wärtsilä’s retractable thrusters for the most advanced cable layer vessel in the world. Find out how its use helped Prysmian dramatically reduce installation times, especially during a pandemic, while helping improving efficiency and reliability. Its lines point to an imposing and eye-catching vessel from any perspective. The Leonarda Da …
Wärtsilä Retractable Thrusters help the Leonardo Da Vinci maximise its potential Read More »
MISC Berhad (MISC) has taken delivery of Seri Erlang, its second Very Large Ethane Carrier (VLEC) at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea. Purchased by MISC in July 2020, this VLEC is the second of the six contracted VLECs, purpose-built for long-term charter to Zhejiang Satellite Petrochemical Co. Ltd. (STL). Seri …
MISC Takes Delivery Of Seri Erlang -Its Second Very Large Ethane Carrier Read More »
Ahead of the announcement of its results for the year to 31 December 2020, which will be released on 8March 2021, the Company confirms that the full year underlying profit for 2020,subject to audit, is expected to be ahead of market consensus and in the range of £42m to £45m. Due to macro-economic uncertainties, the …
Clarksons Expects Its 2020 Profits Between £42m and £45m Read More »
Oil major BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before it was taken over by another UK player, Chrysaor. Citing industry sources, Reuters reported on Thursday that BP had relaunched the sale of stakes in a group of its North Sea assets it …
BP relaunches sale of North Sea assets Premier Oil gave up on Read More »
The COBRAcable interconnector between Dutch and Danish electricity networks is back in operation, Tennet reported on Friday. The 700 MW submarine interconnector was out of operation due to a failure in the cable since the end of September. The repair operation has been successful, enabling the import and export of renewable electricity between Denmark and …
