The Baltic Exchange’s dry bulk sea freight index rose on Monday, helped by higher rates in all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 87 points to 2,235 points, its highest since Feb. 23. The capesize index gained 114 points to 1,749 points. Average …
Baltic index gains on higher rates for all vessels Read More »
Qatar Navigation Q.P.S.C. (“Milaha”) held its Annual General Assembly Meeting virtually, today, at the Company’s headquarters, during which Shareholders approved the Board of Directors report detailing the company’s activities and its financial statements for the year ended December 31, 2021. The General Assembly Meeting ratified all items on its agenda including the proposal of the …
Milaha’s Annual General Assembly Meeting Approved Distribution of 30% Cash Dividend Read More »
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over impact on the global economy. Ukrainian ports are closed and …
War in Ukraine will hurt growth in all shipping segments Read More »
The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and project cargo ships. Drewry’s latest assessment The Drewry Multipurpose Time Charter Index increased to $10,987 per day in February, representing a …
Drewry: Multipurpose Time Charter Index Up by 1.7% During February Read More »
The first TPM since 2019 is well underway in Long Beach, US, and though the location and many of the faces may be the same, the negotiated rates and the conversations around them are most definitely not. As the theme of this year’s TPM: ‘Relationships Matter’ suggests, carriers, shippers and freight forwarders need to work …
Massive spreads on long term contract rates from the Far East to the US Read More »
The ever-widening chasm between the oil and gas industry and environmentalists is evident in this as well as other new oil projects, think of Cambo in the UK, as each group holds a vastly different opinion on the effects that this project development would have within the context of the energy transition and the global …
Norwegian ship design company Breeze Ship Design will design an ammonia-powered oil tanker as part of the Norway-backed Green Shipping Program (GSP). The post Breeze to design ammonia-fueled oil tanker appeared first on Offshore Energy.
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will leave behind renewable energy assets. The post Post-merger with Aker BP, Lundin Energy leaving behind oil & gas business to focus on renewables appeared first on Offshore Energy.
Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its […] The post Plexus to suspend activities with Russian licensee appeared first on Offshore Energy.
Italian classification society RINA has signed a memorandum of understanding (MoU) with marine systems provider 5M Renewables for the collaboration on the concept development for the floating green hydrogen production vessel. The post RINA, 5M Renewables to develop floating green hydrogen production vessel appeared first on Offshore Energy.
