El Consorcio de Gestión del Puerto de Bahía Blanca firmó el contrato de concesión con la empresa Puerto Frio para la explotación de las instalaciones frigoríficas próximas al Muelle Ministro Carranza. Cabe destacar que la empresa ya se encontraba operando en la terminal portuaria con un permiso de uso. La misma, a través de esta …
El Puerto de Bahía Blanca firmó la concesión con Puerto Frío Read More »
The Baltic Exchange’s main sea freight index fell for a third straight day on Wednesday, pressured by losses in the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 45 points, or 3.8%, to 1,138 — its lowest level …
Lower capesize, panamax rates weigh on Baltic index Read More »
Global trade is changing and so is shipping Global trade slipped into contraction at the end of 2022, following the rationalisation of piled-up inventories and the economic and industrial stagnation in the US and Europe. Global trade has also entered a period of lower growth due to geopolitical concerns, protectionism, and supply chain reconsiderations. Growth …
Global shipping outlook: It’s all about capacity as the tide turns Read More »
Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far. The Chinese government target for domestic coal production is 4.6 billion tonnes in 2025, which is 2.5% higher than in 2022. As …
Chinese Coal Stocks Reach Record High As Seaborne Imports Surge 73% Read More »
With record deliveries of container ships expected this year and next, most analysts have predicted further heavy downside pressure on container shipping freight rates to be offset by carrier efforts to reduce capacity by slow steaming and layups or, alternatively, by a self-destructive scramble for market share. However, Jan Tiedemann, Head Analyst at Alphaliner, believes …
Container shipping is now “maxed out” claims leading shipping analyst Read More »
Trafigura has been willing to make early-stage investments in green fuels to promote maritime decarbonization, but regulators need to strengthen emissions rules so a low-carbon transition can be financially viable, Global Head of Fuel Decarbonisation Rasmus Bach Nielsen said. Aside from being a major trader, Trafigura has set a target of investing in 3 GW …
Trafigura seeks more regulatory support for green marine fuels Read More »
In pursuit of more hydrocarbons to bolster energy security and the country’s economy, the Norwegian Ministry of Petroleum and Energy (MPE) has greenlighted 19 oil and gas projects on the Norwegian continental shelf (NCS) with investments totalling more than NOK 200 billion (over $18.5 billion). FPSO Skarv; Source: Aker BP According to the Norwegian authorities, …
Share this article Blåvinge, a consortium Fred. Olsen Seawind, Hafslund and Ørsted, has launched a pilot project that aims to explore whether installation vessels for floating offshore wind, and in particular anchor handling vessels, can use green ammonia as an energy carrier for maritime operations. Illustration of VARD 2 18 with ZeroClass design, specialised anchor …
Canada-headquartered Thordon Bearings has retrofitted seven special purpose, single point mooring (SPM) service boats, which are servicing the SUMED pipeline, operated by Egypt’s Arab Petroleum Pipeline Company (SUMED). SUMED 4 is one of seven SUMED service boats fitted with Thordon SXL tailshaft bearings; Source: Thordon Bearings According to Thordon, the tailshaft conversion to its SXL …
Mitsubishi Corporation (MC), a global integrated business enterprise, has established a new company, Eneco Diamond Hydrogen, to develop green hydrogen and associated renewable energy in Europe. The new company is a joint venture between MC and its subsidiary Eneco, an integrated energy company headquartered in Rotterdam, the Netherlands. According to MC, Eneco Diamond Hydrogen is …
Mitsubishi sets up new company for hydrogen business in Europe Read More »
