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TPS, IST, Ultraport y Sitrans lanzan campaña preventiva sobre accidentes de trayecto

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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Baltic index slips to over 1-1/2 month low on weaker vessel rates

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since early June on Monday on lower rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 967, its lowest since June 5. …

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From ChatGPT to machine-generated art, AI is everywhere. How can it optimise the maritime industry?

At the start of the year, Microsoft’s Chief Executive Satya Nadella declared that “the age of AI is upon us.” The statement followed the company’s multi-billion investment into OpenAI, the research company that’s home to AI ‘superstar’ ChatGPT. With almost every tech giant pushing investment into this space, it is evident that we are in …

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Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube river on Monday, data showed, although it was unclear exactly what had caused them to stop. Monday’s pre-dawn Russian air strikes wounded seven people and hit infrastructure along the Danube, a vital alternative route for Ukrainian …

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End of the Black Sea Initiative: For Bad or Worse?

Substantial cut in Ukraine’s exports through the safe passage and subsequent re-direction of exports through alternate routes will likely exacerbate the subdued dry bulk market. Additionally, a large quantity of Ukraine’s grain will end up in EU, while China, which is one of the major trade partners of Ukraine, will source more from Australia, hurting …

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Asia Fuel Oil-VLSFO margin rebounds after sliding to more than two-year low

The refining margin for very-low sulphur fuel oil (VLSFO) edged slightly higher on Monday after its recent tumble to more than two-year lows. The front-month crack spread for 0.5% VLSFO closed higher at a premium of $6.72 a barrel by 0830 GMT. Meanwhile, cash differential for 0.5% was pegged at a discount of $2.40 a …

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WFW advises DNB on landmark US$900m Vroon restructuring

Watson Farley & Williams (“WFW”) has advised DNB Bank ASA (“DNB”) on the first-of-its-kind US$900m restructuring of international shipping company Vroon’s senior secured debt by way of a debt-for-equity swap. The restructuring was implemented using an English scheme of arrangement and a Dutch WHOA procedure, the first time that these two restructuring procedures have been …

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RST and Samskip launch 1st shore power green initiative

Rotterdam Shortsea Terminals (RST) and Dutch logistics company Samskip have launched Green Shore Power initiative, which aims to reduce CO2 emissions produced by vessels docked by providing new clean shore-powered energy solutions. Samskip As informed, the launching took place on 21 July where delegations from Samskip, RST, Port of Rotterdam (HBR), Municipality of Rotterdam and HES …

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EPS and China Power ally on green energy solutions for maritime industry

Singapore-based Eastern Pacific Shipping (EPS) and China Power International Development Limited have signed a Framework Cooperation Agreement (FCA) to collaborate on the production of green energy and renewable fuel solutions. Under the FCA, the two parties will cooperate to advance the development and adoption of energy solutions for the maritime industry, including green ammonia and …

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QED Naval strengthens its tidal power team

Scottish marine energy company QED Naval has welcomed several new members to its team to further advance its tidal energy business and projects. Illustration/Subhub platform (Courtesy of QED Naval) QED Naval welcomed Andrew Burton and Andy Green to its team, who both bring years of tidal systems deployment and maritime operations experience to the company. …

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