Using VesselsValue data, Vivek Srivastava, Senior Trade Analyst, explores the rise in global gas prices amidst the unfolding events between Russia and Ukraine. This article provides insight on the foreseeable future of the world’s largest exporter of gas, highlighting the predicament between Europe’s current sanctions and their dependence on Russian exports. “The Ukraine crisis has …
The International Chamber of Shipping (ICS), representing 80% of the worlds merchant fleet, has warned that current supply chain disruption is set to be compounded by a shortfall in the global shipping workforce due to the Russian invasion of Ukraine. The Seafarer Workforce Report, published in 2021 by BIMCO and the International Chamber of Shipping …
The Freightos Baltic Global Index was stable in February, increasing just 1% to $9,838/FEU, 128% higher than a year ago and more than six times the pre-pandemic norm. Although the war in Ukraine is expected to affect ocean freight and rates, those effects have yet to manifest in container prices. Just as the lead up …
FBX Index in February Was 128% Higher Than a Year Ago Read More »
A Russian-operated oil tanker that Britain turned away over a week ago has yet to find a port to discharge its cargo, and many other vessels are likely to be in the same position as buyers shun trade deals following Moscow’s invasion of Ukraine. On Tuesday, U.S. President Joe Biden imposed an immediate ban on …
All at sea: Russian-linked oil tanker seeks a port Read More »
Nexans has won a contract with Ørsted and Eversource to install and protect the […] The post Nexans notches first order under US deal with Ørsted and Eversource appeared first on Offshore Energy.
Danish container shipping and logistics giant Maersk has signed several separate deals to secure green fuel supply for its fleet of twelve new methanol-powered vessels. The post Maersk secures green fuel supply for 12 methanol-powered boxships appeared first on Offshore Energy.
The UK government is planning to invest £4 billion (approximately $5.3 billion) in the country’s regional shipbuilding industry as it prepares to publish refreshed National Shipbuilding Strategy (NSbS). The post UK securing shipbuilding future with $5 billion investment appeared first on Offshore Energy.
Freeport LNG says it expects to green-light the Train 4 expansion at its LNG export project in Texas by early 2023. The post Freeport LNG to kick-off Train 4 expansion by early 2023 appeared first on Offshore Energy.
McDermott International has completed a subsea campaign at the Bayu-Undan infill well Phase 3C […] The post McDermott wraps up first subsea campaign for Santos appeared first on Offshore Energy.
The Russian invasion of the Ukraine has put pressure on maritime and energy companies suspend business with Russia even if not required to under sanctions.
