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Baltic index hits more than two-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 its lowest level in more than two weeks on Monday as rates declined across the larger vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 8 points to 1,529…
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How will Emission Control Area changes affect fuel oil demand in the Mediterranean?
Since the start of 2015, the International Maritime Organization (IMO) has restricted vessels travelling through designated Emission Control Areas (ECA) from using fuel oil bunkers with a sulphur content of over 0.1%. The designated zones include the Baltic Sea, North Sea, North America and the US Caribbean Sea. On 1st January 2020, IMO further capped…
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Marine Fuel Problems Persist Five Years On From IMO 2020 Sulphur Cap Rules
As the fifth anniversary of the IMO 2020 Sulphur Cap approaches, fuel compatibility and viscosity problems continue to result in marine engine component damage and high cat fines. “We expected fuel incompatibility problems and high levels of cat fines to diminish with the introduction of the IMO 2020 Sulphur Cap [MARPOL Annex VI] in January…
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BIMCO adopts FuelEU Maritime clause
On 1 January 2025, the FuelEU Maritime Regulation will come into force. The regulation may require stakeholders to start taking measures now and the BIMCO FuelEU Maritime Clause for Time Charter Parties 2024 is developed to help stakeholders align their contractual frameworks. The clause was adopted by BIMCO’s Documentary Committee on 25 November. As the…
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China to Mexico West Coast – a case for data-driven freight strategies
Predicting how and why ocean container shipping rates rise or fall is not an easy task and means shippers struggle to forecast freight spend with any degree of accuracy or confidence, especially in light of the volatility in 2024. There is no crystal ball, but by combining Xeneta data and market intelligence you can gain…
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Mozo/a para el puerto de Santander
Mozo/a para el puerto de Santander Jornada Tiempo parcial Tipo de contrato Temporal Experiencia Menos de 1 año Localidad Santander Num. Vacantes 1 Referencia CCF617BE-3664-956B-9297-1145CEB2C76B https://www.adecco.es/oferta-trabajo/mozosas-para-el-puerto-de-santander?ID=fd7e3284-f245-4f98-9d5c-c33152e3815b La entrada Mozo/a para el puerto de Santander se publicó primero en Actualidad Marítima y Portuaria.
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OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow
The 17th edition of Offshore Energy Exhibition & Conference (OEEC) will launch tomorrow, November 26, […] The post OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow appeared first on Offshore Energy.
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ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player
ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation. The post ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player appeared first on Offshore Energy.
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Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%
While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas production emissions. The post Powering oil…
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WinGD’s X-DF-A engines set to power seven LPG/ammonia carriers in China
Swiss marine engine developer WinGD has bagged new contracts for its ammonia-fueled X-DF-A engine […] The post WinGD’s X-DF-A engines set to power seven LPG/ammonia carriers in China appeared first on Offshore Energy.