Four vessels left Ukrainian Black Sea ports in the Odesa region on Friday as shipping via a new export corridor resumed after a three day pause, independent transport sector consultancy STC said. “On October 27, vessel traffic in the temporary Black Sea corridor announced by Ukraine resumed,” STC said in a report. It said the …
Cargo ships moving via Ukraine’s Black Sea corridor after 3-day pause -STC Read More »
SulNOx’s all-natural, fully biodegradable fuel conditioner continues to prove its value as a market-ready tool in the maritime industry’s arsenal to help meet International Maritime Organization (IMO) and EU regulations on vessel emissions. During a five month-long trial in cooperation with a Hamburg-based shipping company and a renowned Northern German university for maritime shipping, fuel …
Verified fuel savings of over 5% for seagoing vessel using SulNOxEco™ Read More »
Refining margins for high sulphur fuel oil (HSFO) posted a seventh consecutive week of declines, weighed by consistent bearish drivers. The 380-cst HSFO crack closed at a discount of $16.92 a barrel on Friday, sliding by about 5% from last week, based on LSEG data. Cargo differentials for 380-cst HSFO ended the week in discounts …
Asia Fuel Oil-HSFO margins soften for seventh consecutive week Read More »
Samsung Heavy Industries (SHI) and leading classification society DNV have inked a Memorandum of Understanding (MOU) at KORMARINE, committing to establishing SHI’s state-of-the-art Remote Operation Centre (ROC) for real-time monitoring and control of Maritime Autonomous Surface Ships (MASS). The MOU will underpin DNV and Samsung Heavy Industries’ collaboration to drive innovation and redefine the future …
Lloyd’s Register (LR) has been awarded the contract to class two methanol-ready Commissioning Service Operations Vessels (CSOVs) being built by VARD, one of the major global designers and shipbuilders of specialised vessels, for the UK’s leading offshore infrastructure support vessel operator, North Star. The new tonnage will increase North Star’s offshore wind capabilities as it …
LR to class Vard built methanol-ready Commissioning Service Operations Vessels Read More »
There is a staggering $2.5 trillion global trade finance gap that mainly affects SMEs in emerging countries, limiting their ability to access new business opportunities. Helping businesses to bridge this finance gap, supply chain fintech Twinco Capital announced on Tuesday, in the sixth edition of the Valencia Digital Summit (VDS), it has secured an additional …
Mitsui O.S.K. Lines, Ltd. and Cosmo Oil Co., Ltd. Friday announced the signing of a memorandum of understanding (MoU) on the study of ocean transport, with the goal of establishing a carbon dioxide capture and storage* (CCS) value chain. CCS is regarded as one of the most effective solutions to realize a low-carbon/decarbonized society. MOL …
MOL and Cosmo Oil Sign MoU to Study Ocean Transport for Development of CCS Value Chain Read More »
Konecranes has made changes in reporting its orders received and net working capital. The previous year’s figures presented in this report have been restated and are fully comparable with the current year figures. THIRD QUARTER HIGHLIGHTS – Order intake EUR 852.9 million (1,087.9), -21.6 percent (-18.7 percent on a comparable currency basis), order intake decreased …
The Nautical Institute Singapore Conference 2023 has concluded with the attendance of close to 180 shipping professionals and key industry leaders from all over the world. This year the event was held at M Hotel Singapore and the theme was “Seafaring in the modern, and everchanging millennium,” which dived into an overarching focus on the …
Ukrainian Deputy Prime Minister denied on Thursday reports by Ukrainian and British firms that the new Black Sea export corridor had been suspended. “The information regarding the cancellation or unscheduled stoppage of the temporary #Ukrainian_corridor for the movement of civilian vessels from and to the ports of the Big Odesa (region) is false,” Kubrakov said …
Ukraine says its Black Sea grain corridor is working Read More »
