“Since 2019, the global container market has grown 8%, ending at 183.2m TEU in 2024 according to Container Trade Statistics. However, growth has been very uneven and regional imbalances between exports and imports have increased by 33%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In 2019, regional imbalances totalled 58.8m TEU, equal to 52% …
Regional container trade imbalances increase 33% Read More »
First Citizens Bank today announced that its Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet. Euroseas (NASDAQ: ESEA) was formed in 2005 and owns and operates carrier vessels and provides seaborne transportation for containerized cargoes. …
First Citizens Bank Provides $26 Million in Financing to Euroseas Ltd. Read More »
The new shipping alliance “Premier Alliance,” which includes Korea’s largest shipping company HMM, will officially launch this month. HMM plans to focus on developing new routes and deploying eco-friendly vessels in collaboration with the partner shipping companies. On the 11th, the U.S. Federal Maritime Commission (FMC) announced that the Premier Alliance agreement went into effect …
U.S. approves HMM’s Premier Alliance, enhancing global shipping routes Read More »
Fuel oil markets maintained strength on Tuesday amid a rally primarily driven by sentiment, trade sources said. Backwardation spreads widened at the prompt trading months for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO), based on data from sources. Reflecting the stronger market structure, spot premiums were pegged slightly higher …
Fuel Oil Markets retain strength in sentiment-driven rally Read More »
El BEI ofrece una contragarantía de 500 millones de euros que permite a Santander crear una cartera de garantías bancarias de hasta 1.000 millones de euros. Se espera que de esta forma se movilicen 8 000 millones de euros de inversión para apoyar a los fabricantes del sector de energía eólica en Europa. El acuerdo forma parte del paquete de energía eólica …
South Korea and Australia have decided to establish a green shipping corridor to support international shipping’s zero-emission goals and create an environment for eco-friendly fuel supply. The post Net-zero quest: South Korea, Australia to create green shipping corridor appeared first on Offshore Energy.
Eni has hired China’s Hilong Group’s Hilong Offshore Engineering to handle the second phase of the offshore transportation and installation works for its liquefied natural gas (LNG) project off the coast of Congo, Africa. The post Chinese firm scores offshore multimillion-dollar job for Eni’s LNG project appeared first on Offshore Energy.
Gneiss Energy, a UK-based strategic and corporate finance advisory firm operating within the energy and natural resources sectors, has published a report on the potential negative effects the UK’s gas policy discouraging investments in local gas production could have on the environment and supply. The post Gneiss: More UK production, fewer LNG imports key to …
Tullow Oil, an independent energy company with operations in West Africa, has signed a partnership agreement with Opsealog, a France-headquartered provider of maritime digitalization and fleet performance management solutions to digitalize its marine operations in Ghana. The post Tullow’s ops off Ghana going digital thanks to deal with French firm appeared first on Offshore Energy.
Hamburg-based asset and investment manager MPC Capital has acquired a 50% stake in the […] The post MPC Capital presses forward with energy transition ambitions via new acquisition appeared first on Offshore Energy.
