Las obras, contempladas en el Plan de Inversiones de la Autoridad Portuaria para el periodo 2024-2027, supondrán una mejora tanto en la prestación de servicios en muelles públicos como en el aumento de la superficie logística. El presidente de la Autoridad Portuaria ha resaltado que “las nuevas infraestructuras incrementarán los niveles de competitividad del puerto …
La vicepresidenta primera del Gobierno de España y ministra de Hacienda, María Jesús Montero, ha conocido de primera mano las 30 compañías instaladas en el hub tecnológico impulsado por el CZFB. El delegado especial del Estado en el CZFB, Pere Navarro, le ha presentado el proyecto de la segunda fase del hub, que sumará 72.500 …
The Baltic Exchange’s dry bulk sea freight index strengthened to hit an over two-month peak on Friday and posted a weekly gain, as rates across all vessel segments pushed higher. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 92 points, or 4.4%, at 2,203 points, its highest …
Baltic index logs weekly gain on strong vessel rates Read More »
The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a professor of Shipping Finance and Risk Management at The Business School (formerly CASS), City University, said there is …
The Xeneta Shipping Index (XSI®) has posted its biggest global increase in 18 months – just days before many US shippers begin negotiations over new long term contracts. The global XSI®, which calls upon Xeneta’s crowdsourced data to measure the average of all long term rates in the ocean freight shipping market, hit 154.4 points …
Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday. The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer …
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say Read More »
Kazakh state-owned oil and gas company KazMunaiGaz (KMG) has announced that it is planning to expand its fleet of Aframax tankers from two to 12 over the next few years, according to a interview published on the company’s press center. “We have the interest and desire to expand our Aframax fleet,” said KMG Management Board …
Kazakhstan’s KMG plans to expand Aframax fleet from 2 vessels to 12 Read More »
Asia’s cash premium for very low sulphur fuel oil (VLSFO) extended a slide on Friday, while spot high sulphur fuel oil (HSFO) closed at narrower discounts. VLSFO benchmarks have been under pressure due to slower bunker purchases in February, with industry sources eyeing March demand and incoming supplies from Kuwait. The cash premium for VLSFO …
Asia Fuel Oil-VLSFO premium drops, HSFO discount narrows Read More »
Drewry’s World Container Index decreased by 5% to $3,493 per 40ft container this week. Our detailed assessment for Thursday, 29 February 2024 The composite index decreased by 5% to $3,493 per 40ft container this week and has increased by 88% when compared with the same week last year. The latest Drewry WCI composite index of …
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, yesterday reported financial results for the quarter and year ended December 31, 2023. Quarter Highlights: Generated Revenues, net of $104.6 million Achieved TCE(1) of $16,169 / day based on TCE Revenues(1) of $74.8 million Realized net income of $6.7 …
