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Baltic index slips to near three-week low as larger vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 72 points to 1,509 points, its lowest…
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Business case for wind propulsion improves as decarbonisation rules kick in
FuelEU Maritime comes into force in January 2025 and wind propulsion is currently the only technology with a reward factor under the regulation. Vessels will be credited using such technologies by reducing the GHG intensity of energy used onboard. Evidence provided by our members and sail technology companies show proven reductions of fuel and emissions…
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Worldscale Adopts ICE’s Benchmark EUA Carbon Pricing for its Tanker Freight Rates
Intercontinental Exchange, Inc., a leading global provider of technology and data, today announced that Worldscale Association Ltd (Worldscale), a leading provider of tanker freight rate references, has chosen ICE’s European Carbon Allowance (EUA) futures settlement price as the benchmark carbon price for calculating tanker freight rates in 2025. ICE’s EUA futures and options market is…
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OceanScore reviews BIMCO FuelEU Clause for Time Charter Parties
On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonization goals. As we review the clause and engage in discussions with our customers, it’s clear there are still some gaps to be filled before we reach total cohesion.…
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The shipping industry is wrestling with one of its biggest challenges — seafarer shortages
The shipping industry is contending with a worldwide shortage of seafarers, and it’s fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. “We have been seeing a consistent shortage of seafarers,” Rhett Harris, senior manning analyst at Drewry, told CNBC. Though the number of vessels has in recent years risen…
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Las fragatas “Navarra” y “Canarias” recalan en Tarragona
Las fragatas “Navarra” y “Canarias” harán escala en Tarragona entre el 29 de noviembre y el 2 de diciembre, tras su participación en el ejercicio avanzado antisubmarino MAR-ASW 24. El próximo viernes 29 de noviembre, las fragatas “Navarra” y “Canarias” harán escala en el puerto de Tarragona tras su participación en el ejercicio nacional avanzado…
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La APB levanta el 1 de diciembre la barrera del paseo de la Marina del puerto de Eivissa durante todo el invierno
El organismo portuario repite esta iniciativa después de los buenos resultados del año pasado La Autoridad Portuaria de Baleares (APB) levantará el próximo 1 de diciembre la barrera de acceso al paseo de la Marina en el puerto de Eivissa, permitiendo el paso al tráfico rodado. Así, la APB mantiene el acuerdo con el Ayuntamiento…
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BP’s project on track for first gas in 2025 as Seven Seas preps for action
BP is moving forward with activities required to bring on stream a subsea gas development project offshore Trinidad and Tobago. The post BP’s project on track for first gas in 2025 as Seven Seas preps for action appeared first on Offshore Energy.
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Langh Tech debuts onboard carbon capture system
Finnish green tech company Langh Tech has launched a new system for onboard carbon capture (OCC), expanding its portfolio of exhaust gas treatment solutions for ships. The post Langh Tech debuts onboard carbon capture system appeared first on Offshore Energy.
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Transcoma Global Logistics refuerza su equipo directivo en Valencia con la incorporación de David Fernández como Branch Manager
Transcoma Global Logistics, empresa transitaria parte de Transcoma Grupo Empresarial, referente en el sector logístico, anuncia la incorporación de David Fernández como branch manager de la oficina de Valencia. Este nombramiento forma parte de la estrategia de renovación y consolidación de la compañía, enmarcada en su compromiso de contratar a los mejores profesionales del sector…