The Baltic Exchange’s dry bulk sea freight index edged lower on Monday as the capesize segment dipped for a ninth consecutive session. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, dipped 60 points to 2,484 points. The capesize index dipped 153 points, or 8.1%, to 1,734. Average daily …
As the shipping industry continues along its long road to decarbonization, it ‘needs to find the optimal mix of technical and operational measures and innovative solutions’ but ‘could do the necessary now and show its leadership by simply adopting slow steaming’ BRS argues, in their Annual Review of Shipping and Shipbuilding Markets released today. Last …
Just over a month ago, Russian forces invaded Ukraine, which resulted in immediate moral and regulatory sanctions by governments globally. Since then, Russia has had time to adapt to the new reality. One of the segments that is starting to pick up is oil-chemical and oil-product tanker operations. Windward’s behavioral data indicates that there is …
Russian Tankers: Dark activity skyrocketed last week – are you prepared? Read More »
In the presence of the Egyptian Prime Minister, a Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. This partnership follows six fuel sourcing partnerships announced earlier this month, and with it Maersk joins forces with the …
Maersk explores new ways to accelerate green fuel production Read More »
Wars involving oil producers traditionally cause tanker rates to spike. A month into the Russia-Ukraine war, rates for most crude tankers remain abysmally low. Rates for product tanker rates are up but not exceptionally high. “The immediate knee-jerk reaction was: Disruptions create strength in the market,” said Evercore ISI analyst Jon Chappell. “We saw that …
Why Russia-Ukraine war has not ignited crude tanker rates (yet) Read More »
Shell plans to invest up to £25 billion (approximately €30 billion) in the UK […] The post Offshore wind, hydrogen part of Shell’s £25 billion UK investment plan appeared first on Offshore Energy.
The government of the Canadian province of Nova Scotia has introduced amendments to the Marine Renewable-energy Act that will improve the regulatory framework for the tidal energy industry. The post Nova Scotia tweaks tidal energy regulations to meet industry needs appeared first on Offshore Energy.
U.S. offshore safety regulator is getting a new director whose service record is seen as an asset in spearheading the switch to clean energy. The post Ex-Navy and Coast Guard serviceman becomes new director of U.S. offshore safety regulator appeared first on Offshore Energy.
PGS has added a further 2,000 square kilometers of KPSDM processed MultiClient 3D GeoStreamer […] The post PGS adds more 3D GeoStreamer data for Tano Basin off Ghana appeared first on Offshore Energy.
Regarding the proposed extension of the EU Emissions Trading System (EU ETS) to the maritime sector, the Port of Rotterdam has requested the research and consulting agency CE Delft to investigate the subsequent impact on the competitive position of seaports. The post Port of Rotterdam looks into impact of EU ETS for shipping appeared first …
Port of Rotterdam looks into impact of EU ETS for shipping Read More »
