With commitments made at the 2023 COP28 Climate Change Conference in Dubai to triple renewable energy production and the surging popularity of electric vehicles, the demand for minerals such as cobalt, copper, lithium, nickel, and rare earths has skyrocketed. Over the past two decades, the trade in unprocessed critical minerals has experienced an unprecedented surge, …
According to Jan Hoffmann, Chief of Trade Logistics at UNCTAD, the attacks are not only adding to geopolitical tensions but also raising costs and leading to increased greenhouse gases (GHG) emissions. “Maritime transport is really the lifeline of global trade,” he said, speaking to journalists at UN Headquarters in New York via video link from …
UNCTAD: The Red Sea shipping crisis is having a ‘dramatic’ impact, warns logistics chief Read More »
With no end in sight for the Red Sea crisis, detours around Africa’s Cape of Good Hope are soaking up even more vessel capacity and pushing up spot rates across multiple shipping segments. Freight fallout began with container ships. It is now significantly impacting product tankers — the vessels that transport gasoline, diesel, jet fuel, …
Shipping fallout from Red Sea crisis spreads to product tankers Read More »
More than a dozen tankers loaded with 10 million barrels of Russia’s Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and ship tracking data. The volumes, equating to 1.3 million metric tons, represent more …
Russia struggles to sell Pacific oil, 14 tankers stuck – sources, data Read More »
Drewry’s World Container Index increased by 5% to $3,964 per 40ft container this week. Our detailed assessment for Thursday, 25 January 2024 The composite index increased by 5% to $3,964 per 40ft container this week and has increased by 94% when compared with the same week last year. The latest Drewry WCI composite index of …
The leading maritime event, ShipTek 2024, concluded after two days of engaging discussions and honors recognizing organizations and professionals propelling the industry forward. The prestigious conference held from January 24-25, 2024 at JW Marriott Hotel, Marina brought together industry executives, policymakers, and experts to initiate thought-provoking discussions on the future of the maritime industry. H.E …
Refining cracks for very low sulphur fuel oil (VLSFO) climbed to a two-month high in Asia on Friday, supported by expectations of strong global bunkering demand. Singapore’s February VLSFO crack rose to a premium of $15.04 a barrel at Friday’s Asia close (0830 GMT), based on LSEG data. LFO05SGDUBCMc1 The margin was higher by nearly …
Asia Fuel Oil-VLSFO refining cracks rise to two-month high Read More »
Tanker owner Hafnia and trader Mercuria are teaming up to operate panamax tankers in a new pool. The Hafnia Panamax Pool will commercially run 10 vessels from the companies’ US, European and Asian offices. “In a joint effort, Hafnia and Mercuria are setting out to service the industry by initially committing 10 vessels with an …
Hafnia links up with major trader Mercuria to form new panamax tanker pool Read More »
Administrativo/a Comercio Internacional con Inglés – Sector portuario Jornada Tiempo completoTipo de contrato TemporalExperiencia De 2 a 5 añosLocalidad VigoNum. Vacantes 1Referencia 61A46FC0-6357-13EE-0ACC-F58A0D00DC45 Desde Grupo Adecco, seleccionamos un/a administrativo/a con nivel alto de inglés y excel para incorporarse a una importante empresa situada en el Puerto de Vigo. Requisitos:– Formación de Grado Superior en Comercio …
Administrativo/a Comercio Internacional con Inglés – Sector portuario Read More »
Técnico de Sistemas de Información y Comunicaciones para la Autoridad Portuaria de Vigo TÉCNICO DE SISTEMAS DE INFORMACIÓN Y COMUNICACIONES Descripción: GII BII N2 Órgano convocante: Ministerio de Transportes y Movilidad Sostenible Unidad: Autoridad Portuaria de Vigo Selección de: PERSONAL LABORAL Vía: CONTRATACIÓN FIJA Titulación: Diplomatura, Ingeniería Técnica o Formación Profesional de Grado Superior y …
Técnico de Sistemas de Información y Comunicaciones para la Autoridad Portuaria de Vigo Read More »
