The last week of September is concluding with an upward trend in VLCC rates on the Arabian Gulf-China route, signalling a strengthening market as we approach the winter season, a period traditionally marked by increased energy demand. The momentum currently observed could extend into the coming months, especially as demand for oil typically rises during …
Tanker Weekly Market Monitor: Crude oil flows to China Read More »
Negotiations about IMO regulations, which are planned to be adopted next year, are continuing at a meeting in London. Danish Shipping is present and working hard to secure, among other things, support for a pricing mechanism that can reduce the price gap between fossil and green fuels. On Monday, the next meeting of the IMO’s …
IMO Negotiations Continue: Crucial to Maintain Momentum Read More »
Drewry’s World Container Index decreased 7% to $3,691 per 40ft container this week. Our detailed assessment for Thursday, 26 September 2024 The latest Drewry WCI composite index of $3,691 per 40ft container is 64% below the previous pandemic peak of $10,377 in September 2021, but it is 160% more than the average 2019 (pre-pandemic) rate …
Best-selling author Dr Todd E. Conklin will showcase safety programme which challenges traditional approaches. The International Marine Contractors Association (IMCA) has shared further programme details of its IMCA Global Summit, which takes place in the city of Utrecht, Netherlands on Tuesday 3 and Wednesday 4 December 2024, with best-selling author and safety expert Dr Todd …
‘Godfather’ of Human and Organisational Performance to present at IMCA Global Summit Read More »
The 10th session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC 10) was held from 16 to 20 September 2024. CCC 10 agreed on interim guidelines for use of ammonia as fuel, completed the review of the IGC Code, and revised recommendations on entering enclosed spaces. Meeting highlights Finalized work on interim …
IMO CCC 10: Interim guidelines for ammonia and hydrogen as fuel Read More »
For procurement professionals, finding cost-effective freight solutions while maintaining service levels and reliability is a constant balancing act. You face immense pressure to optimize supply chain costs amid rising inflation and tighter margins. And you’re expected to outperform the market with leaner teams and external forces tearing up the validity of contracted rates. Couple this …
5 proven strategies to tackle 2025 freight budgeting challenges amid global uncertainty Read More »
The International Chamber of Shipping (ICS) is pleased that progress has been made over the past week but much more needs to be done. We are committed to working with Member States over the coming days and months to ensure a transparent, equitable and workable solution is agreed to deliver on the International Maritime Organization’s …
AST Reygar, a leading provider of advanced fleet monitoring systems, is proud to announce a key feature of its BareFLEET Vessel Motion Monitoring System (VMMS) technology, specifically designed to enhance safety and protect vessel integrity with its impact force monitoring capabilities. This innovation aims to address the critical risks posed by hard impacts between vessels …
On 21 and 23 August 2024, the Greek-registered MV Sounion, an oil tanker carrying 150 000 tons of crude oil, was subjected to separate attacks by militants in the southern Red Sea. While the vessel was not under EUNAVFOR Aspides protection, it requested assistance following the initial attack using a distress signal. In response to …
MV Sounion tanker safe following attack in the Red Sea Read More »
El aumento del tráfico de mercancías, los ingresos por tasas, impulso definitivo a infraestructuras productivas, alianzas estratégicas y desarrollo de nuevas iniciativas para la integración del puerto con la ciudad es el balance del primer año de gestión de Rubén Ibáñez al frente de la Autoridad Portuaria de Castellón. El máximo responsable de PortCastelló se …
