The Red Sea crisis has seen ocean freight rates increase faster than the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honored. Xeneta, the leading ocean freight rate benchmarking and intelligence platform, has released data which reveals shipping costs on key trades from the …
McQuilling Services is pleased to announce the release of its 27th anniversary edition, 2024-2028 Tanker Market Outlook. This 196-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes. The interaction of tanker demand and vessel supply variables is processed …
McQuilling Services: Mid-Size Tankers Favored Over VLCCs for 2024 Read More »
The 10th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 10) was held from 22 to 26 January 2024. To ensure the safety of crew, draft amendments were agreed to the Load Line Protocol relating to the setting of guard rails on exposed deck structures. Draft goal-based requirements for electrical and machinery …
IMO Sub-Committee on ship design and construction Read More »
Global air freight rates have climbed for the first time in seven weeks ahead of Asia’s lunar new year and as attacks on Red Sea shipping prompt companies to secure costlier air cargo space. The Baltic Air Freight Index, which shows general cargo weekly transactional rates across a number of routes, rose 6.4% in the …
Air freight rates rise amid Red Sea crisis and in run-up to Asia’s Lunar New Year Read More »
El ayuntamiento de Tarragona ofrecerá un abanico de ofertas culturales y gastronómicas para los cruceristas que visiten la ciudad Global Ports Tarragona trabaja a pleno rendimiento para tener a punto su nueva terminal de cruceros en el Moll de Balears En el marco de FITUR 2024, que se celebra en Ifema (Madrid) del 24 al …
El Puerto de Motril y el Ayuntamiento de Granada se alían para potenciar el destino entre el turismo de cruceros. Sus máximos responsables, José García Fuentes y Marifrán Carazo, respectivamente, han presentado en FITUR: ´Motril, el Puerto de la Alhambra´, “un producto que persigue consolidar la infraestructura portuaria entre las navieras del sector, ofertando para …
El Puerto de Marín mantuvo en 2023 su previsión de situar el tráfico de mercancías por encima de los dos millones de toneladas, alcanzando los 2.120.417 tn y superando así las cifras de 2022. Además, mantuvo un total equilibrio en la distribución de mercancías entre los graneles sólidos que sumaron 1.029.591 tn y representan el …
TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet. TFG Marine The naming ceremony took place in Keppel Bay Harbour, Singapore, on January 30, 2024. The 5,000 dwt newbuild vessel, the MT Diligence, will …
TFG Marine welcomes LNG dual-fueled bunker tanker for Singapore operations Read More »
Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Castorone. Source: Saipem Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelaying operations. The incident did not cause injuries to personnel and …
Saipem reports pipelayer incident offshore Australia Read More »
The Sustainable Shipping Initiative (SSI) has launched its State of Sustainable Shipping (SoSS) program, bankrolled by Lloyd’s Register Foundation. Illustration; Image by Navingo Expanding on the Roadmap to a Sustainable Shipping Industry, the SoSS program hones in on six crucial vision areas: Oceans, Communities, People, Transparency, Finance, and Energy. The SoSS program plans to use …
SSI’s research program to empower business leaders with ‘actionable insights’ Read More »
