The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers. The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined …
Spiralling ocean freight rates from the Far East to US may have peaked Read More »
The Red Sea, a vital artery for global trade, has long been fraught with dangers that pose significant risks to ships moving through its waters. Recent legal discussions surrounding incidents such as the attack on the Marlin Luanda and the UK Supreme Court’s judgment in The Polar shed light on the complex challenges faced by …
In a significant development in the LNG shipping market, QatarEnergy selected Nakilat to own and operate up to 25 conventional LNG vessels Nakilat would be the owner and operator of these LNG vessels and QatarEnergy affiliates would sign time charter agreements with Nakilat. These LNG vessels are part of the second phase of QatarEnergy’s ongoing …
Nakilat wins multiple orders from QatarEnergy – How do potential returns stack-up? Read More »
Just months after raising their bilateral relationship to the level of a strategic partnership, India and Greece are looking to deepen cooperation in defence and shipping, according to persons aware of the matter. The two sides are discussing defence sales by India to Greece, in line with New Delhi’s goal of tripling defence exports to …
India eyes port investment deals with global shipping power Greece Read More »
Refining margins for fuel oil softened on Friday compared to the previous week, while bunker premiums also weakened this week as demand slowed amid a Lunar New Year lull, trade sources said. Cracks for very low sulphur fuel oil closed at discountsof about $14 a barrel, inching a per cent lower from last week, based …
Asia Fuel Oil-Margins post weekly decline while bunker premiums ease Read More »
Parliament and Council negotiators reached an informal deal to extend an existing ban on discharge of oil spills by ships to include sewage and garbage. On Thursday, EU co-legislators preliminarily agreed to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. Banning more types of spills from ships …
Maritime safety: deal on stricter measures to stop shipping pollution Read More »
ABS sets its sights on the vessels that will support the next step in the path of decarbonization with its latest publication: Requirements for Liquefied Carbon Dioxide Carriers. This is the first publication available in the maritime industry dedicated to the design, construction, and classification of LCO2 carriers where liquefied CO2 is carried as cargo. …
ABS Publishes Industry-Leading Requirements for Liquefied Carbon Dioxide (LCO2) Carriers Read More »
Klaveness Combination Carriers (“KCC”) reports a solid financial performance for the fourth quarter of 2023 with EBT of USD 25.9 million and EBITDA of USD 36.5 million. The results marked a historically strong quarter for KCC and sealed a record year, with the momentum expected to continue in Q1 2024. In a year of sudden …
KCC Fourth Quarter 2023 – Historically strong quarter closes a record year Read More »
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that OCEANICWING S.A.S. was established on January 18th in France and, as of February 15th, has acquired the business of AIRSEAS（France）. The goal is to strengthen the development and commercialization of “Seawing”, an automated kite system using wind power. “Seawing” is expected to reduce CO2 …
K Line: Establishment of OCEANICWING S.A.S. and Acquisition of AIRSEAS Business Read More »
El presidente de la Autoridad Portuaria de Castellón, Rubén Ibáñez, ha acompañado al sector agrario en la protesta convocada en los accesos al puerto de Castellón donde se han concentrado para exigir un mayor control fitosanitario de las producciones procedentes de países terceros y contra los acuerdos de la Unión Europea. Rubén Ibáñez, que ha …
Rubén Ibáñez reitera su apoyo al sector agrario en su protesta en los accesos al puerto Read More »
