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El PP presenta en el Congreso una iniciativa para mejorar la competitividad del REC

En 2023 se produjo un descenso histórico del número de buques mercantes de transporte inscritos en el REC El Ministro de Transportes y Movilidad Sostenible ha anunciado que “van a impulsar el desarrollo de una Estrategia Marítima Nacional que permita que las industrias marítimas españolas crezcan”. El diputado del PP por Tenerife, Juan Antonio Rojas, …

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Baltic index falls for week on declines across vessel segments

The Baltic Exchange’s dry bulk sea freight index rose on Friday, with a lift from higher capesize rates, but still declined for the week on overall weaker rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 19 points, or 1.4%, at 1,407 points. It …

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Tankers: A significant downward revision compared to the monthly volumes from the previous year

The conclusion of January presents an intriguing perspective on freight rates for LR2 clean product tankers, with recent rate spikes expected to persist into February due to heightened concerns in the Red Sea, influencing cargo deviations. A thorough analysis of clean cargoes originating from loading zones such as the Arabian Gulf, Pakistan/Western Coast of India, …

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Ripple effect of Red Sea attacks

The United Nations’ trade body has cautioned that the rising assaults on ships in the Red Sea are exacerbating challenges for shipping routes already impacted by conflicts and climate change. The combination of attacks in the Red Sea, geopolitical tensions affecting Black Sea shipping, and the climate change effects on the Panama Canal have given …

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More grain ships divert from Red Sea as attacks continue

More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday. About 7 million metric tons per month of grain cargoes usually transit the Suez Canal into the Red, but that has dropped …

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bound4blue eSAIL® chosen for landmark newbuild in French Polynesia

bound4blue has been selected to install a 22-metre-high eSAIL® onboard the newbuild mixed cargo vessel NA PAE E HIRO, helping shipowner SNA TUHA’A PAE (SNA) reduce energy consumption by 10%. Launching in 2026, the trailblazing ship will mix green technology with an ambition to accelerate development of the remote Austral Islands, carrying both vital supplies …

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Drewry: World Container Index Down by 4% Last Week

Drewry’s World Container Index decreased by 4% to $3,824 per 40ft container this week. Our detailed assessment for Thursday, 01 February 2024 The composite index decreased by 4% to $3,824 per 40ft container this week and has increased by 88% when compared with the same week last year. This week’s reduction in the index follows …

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Asia Fuel Oil-HSFO holds in discounts as selling interest prevails

Asia’s spot market for high-sulphur fuel oil (HSFO) ended the week at discounts due to persistent selling interest. Multiple sellers have emerged to offer the 380-cst product amid high supply inventories. The Singapore 380-cst HSFO cash differential was pegged at a discount of $4.50 a metric ton, while cracks closed at discounts of about $12 …

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Mr. Alexandros Josephides carries on as Cyprus “IMO Goodwill Maritime Ambassador”

The Cyprus Shipping Chamber welcomes the re-appointment of its Deputy Director General, Mr. Alexandros Josephides, as “International Maritime Organisation (IMO) Goodwill Maritime Ambassador” for Cyprus, for the period 2024-2025. The Shipping Chamber also extends its sincere appreciation to the Shipping Deputy Ministry who promoted and supported the re-appointment of Mr. Josephides at the IMO, reflecting …

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Evergreen Marine And X-Press Feeders Sign MOA For Launch of Green Shipping Routes in Europe

Global container shipping line Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe. As one …

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