Performance in tankers and dry bulk is likely to remain sound in 2025, with tankers making above-average profits, supported by high tonne-mile demand, while oversupply and easing of disruptions in the Red Sea will put pressure on global container shipping, Fitch Ratings says. We expect demand to grow in oil tankers and dry bulk in …
Performance of Global Shipping Segments to Diverge in 2025 Read More »
Drewry’s World Container Index increased 8% to $3,803 per 40ft container this week. Our detailed assessment for Thursday, 19 December 2024 The Drewry WCI composite index increased 8% to $3,803 per feu, which is 63% below the previous pandemic peak of $10,377 in September 2021 but 168% more than the average $1,420 in 2019 (pre-pandemic). …
Fabrum, a New Zealand company leading the world in zero-emission transition technologies, has collaborated on the design and build of a zero-emission hydrogen-powered boat H2Ocean with King Watercraft, a developer of sophisticated New Zealand made rigid inflatable boats. The H2Ocean hydrogen-powered rigid inflatable boat (RIB), a zero-emissions solution suitable for tourism, commercial and leisure activities, …
In the final instalment of our six-part series uncovering the FuelEU Maritime Regulation, we take a look at the legal issues that could potentially arise between various parties, such as owners, charterers, ship managers, bunker suppliers, and ship builders, as a result of the compliance requirements imposed by the Regulation. What legal issues might arise …
This week, the United States Department of the Treasury is imposing sanctions on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars’ worth of revenue for the Iranian regime. This revenue supports Iran’s nuclear program, its development and proliferation of provocative ballistic missiles, and financing …
US Treasury Maintains Pressure on Iranian Shadow Fleet Read More »
Asia fuel oil markets were largely stable on Friday in thin trade, while a key spread between two benchmark grades narrowed from last week. The premium of very low sulphur fuel oil (VLSFO) over 380-cst high sulphur fuel oil (HSFO), commonly known as the hi-5 FO05-380SGMc1, closed below $90 a metric ton, narrowing about 7%, …
Asia Fuel Oil-Markets little changed, hi-5 narrows week-on-week Read More »
Danish Shipping strongly supports IMO guidelines on biofouling management to protect vulnerable marine ecosystems and the biodiversity of the seas. Biofouling is a major factor in the spread of invasive species. Tiny algae and barnacles stuck on the hulls of ships can spread invasive species over vast distances and cause problems in marine ecosystems on …
Danish Shipping adopts policy on Biofouling Management Read More »
“Many of our sustainable transportation programs and initiatives tend to become mode-centric, but it is critically important to optimize the overall sustainable freight transportation across modes from origin to destination, which requires a system of systems focus.” That was the message to U.S. transportation industry and Government leaders from ABS Chairman and CEO Christopher J. …
Vessel Performance Solutions ApS, a subsidiary of Ascenz Marorka, the GTT Group Smart Shipping arm, announces that Sallaum Lines, a trusted leader in reliable and high-quality Ro-Ro (Roll-on/Roll-off) shipping service, has selected the VESPER performance management platform to optimize the operational efficiency and environmental compliance of its eight-vessel fleet. VESPER, Vessel Performance Solutions’ advanced performance …
Global law firm Norton Rose Fulbright has advised Flexam Invest (Flexam) in relation to the financing of an offshore wind self-elevating vessel for Atheleon, part of the Harren Group. Flexam was the intermediate lessor in the back-to-back sale and leaseback transaction, with further financing provided by the Eurazeo Sustainable Maritime Infrastructure thematic fund (ESMI), which …
Norton Rose Fulbright advises Flexam on offshore wind vessel financing Read More »
