-
Baltic index extends gain as larger vessel rates firm
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a fifth consecutive session on Friday, aided by firm capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 43 points to 1,072 points. The capesize index…
-
Clarksons: Shipping Emissions Back at Pre-Covid Levels, Expected to Have Risen By 4% in 2024
Clarksons Research have released their latest Green Technology Tracker, including full year 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet. Summarising the latest Tracker, Steve Gordon, Global Head of Clarksons Research, commented: “With overall newbuild order volumes reaching their highest level since…
-
Alternative-fuelled ship orders grow 50% in 2024
Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels ordered (to December 13[i]). The new orders grew the total orderbook by more than 50%, to 1,737 vessels. The in-service alternative-fuelled fleet also grew strongly, up 18% to 1,860 vessels. Combined with current orders, the…
-
Overcapacity and uncertain petchem recovery cloud LPG Shipping
The VLGC market will navigate a complex landscape in 2025, shaped by a mix of positive and negative factors, such as robust LPG trade and ample fleet supply, which will take rates below 2024 levels. This market will be characterised by surplus vessel availability despite fewer deliveries next year, limiting any potential upside in rates.…
-
Drewry: World Container Index Up By 3% Last Week
Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Our detailed assessment for Thursday, 02 January 2025 The Drewry WCI composite index increased 3% to $3,905 per 40ft container, 62% below the previous pandemic peak of $10,377 in September 2021 but 175% more than the average $1,420 in 2019 (pre-pandemic). The…
-
Growth Likely on the Horizon for America’s Shipyards in 2nd Trump Administration
As the United States nears its 250-year celebration, what is old may be new again in the shipyard space. The uptick in shipyard-related legal and regulatory work during the Biden Administration has been notable and is expected to exponentially increase in the second Trump Administration. The shipping industry in this country is acutely aware that…
-
Primer Oficial de Máquinas para buque Bulk Carrier – 7.400 USD/mes
Primer Oficial de Máquinas para buque Bulk Carrier – 7.400 USD/mes Second Engineer on Bulk Carrier 7400 $ per month Duration of contract: 3+1 m Vessel’s Type: Bulk Carrier Alina@desecrew.com La entrada Primer Oficial de Máquinas para buque Bulk Carrier – 7.400 USD/mes se publicó primero en Actualidad Marítima y Portuaria.
-
H2Carrier, Greenstat to work on hydrogen and ammonia projects in India and Sri Lanka
H2Carrier and Greenstat Hydrogen India (GHI) have signed a memorandum of understanding (MoU) to accelerate the development and deployment of green hydrogen and ammonia projects located in India and Sri Lanka. The post H2Carrier, Greenstat to work on hydrogen and ammonia projects in India and Sri Lanka appeared first on Offshore Energy.
-
Work forging ahead to increase output at Canadian player’s Black Sea gas field
Canada’s oil and gas player Trillion Energy has kicked off activities on two tripod platforms as part of its efforts to boost production and optimize gas flow at a field offshore Türkiye. The post Work forging ahead to increase output at Canadian player’s Black Sea gas field appeared first on Offshore Energy.
-
La Fundación Puerto de Cartagena: Un Año de Impacto Transformador
En 2024, Fundación Puerto de Cartagena (FPC) ha reafirmado su compromiso con la transformación social de las comunidades a través de programas educativos, culturales, deportivos y ambientales que han dejado huella en miles de vidas. Este año se consolidó como un período clave para impulsar la innovación y la sostenibilidad en Cartagena y sus alrededores,…