Two VLCC orders were placed by Dynacom Tankers earlier this month, scheduled to be built at New Times Shipbuilding and delivered in 2026, in an en bloc deal for USD 115 mil each, VV value USD 112.87 mil. These are the first VLCC newbuilding orders to have been placed since January this year, and before …
China’s post-Covid economic recovery is being closely watched for its potential to uplift the global oil market. However, despite the country’s efforts and OPEC+ supply cuts, the anticipated rise in crude oil prices has yet to materialise, according to Wood Mackenzie analysis. Economists and oils specialists with the consultant discussed China’s recovery and its implications …
The urgent need to protect the world’s oceans and the habitats within them is, nowadays, well understood. So, too, is the need for a sustainable shipping industry to ensure the essential transportation of goods and commodities across the globe, and of passengers. Hundreds of thousands of seafarers bear witness every day to changes in the …
Day of the Seafarer 2023 highlights role in protection of oceans Read More »
The Baltic Exchange’s main sea freight index rose for a third consecutive week on Friday, supported by strong demand for the larger capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 24 points, or 2.0%, at 1,240 – its highest level in almost a month. The …
Baltic index gains for third straight week on capesize demand Read More »
Drewry’s composite World Container Index decreased by 3.5% to $1,535.75 per 40ft container this week. Our detailed assessment for Thursday, 22 June 2023 The composite index has decreased by 3.5% to $1,535.75 this week, and has dropped by 78.9% when compared with the same week last year. The latest Drewry WCI composite index of $1,535.75 …
Drewry: World Container Index Down By 3.5% This Week Read More »
During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update published on 21 June. After the downturn in the second half of 2022, world merchandise trade rebounded in both volume and value. Over the first three months of 2023, trade in goods went …
Global trade growth returns but outlook for 2023 is poor Read More »
The Mission to Seafarers, an international maritime welfare charity, has today published an industry report containing the preliminary outcomes from the Executive Roundtable event held during Singapore Maritime Week 2023. The results highlight the breadth of opportunities to improve seafarer welfare. The aim of this forum was to identify effective solutions to the challenges faced …
Asia’s refining margins for high sulphur fuel oil (HSFO) exceeded one-year highs on Friday, with front-month cracks posting a weekly jump of more than 30%. The 180-cst HSFO/Dubai crack spread climbed to a discount of $4.83 a barrel at the Asia close (0830 GMT), while the 380-cst HSFO/Dubai crack spread edged higher to a discount …
Asia Fuel Oil-HSFO margins rally past one-year highs Read More »
Despite uncertainty in world trade and fluctuations on the oil market, Dan-Bunkering is able to present best-ever financial results, with a revenue of USD 4.1 billion, and a positive EBT of USD 46 million while also growing through acquisitions. Dan-Bunkering announced best-ever annual results for the fiscal year 2022/23, ending 30 April 2023. Revenue grew …
Los resultados reflejan un patrón de explotación estable durante los últimos 20 años, con capturas y precios de venta máximos durante los meses de verano. Investigadores del Centro Oceanográfico de Baleares del Instituto Español de Oceanografía (IEO, CSIC) han realizado un estudio que proporciona información novedosa sobre la pesquería del pez limón (Seriola dumerili) en …
El IEO caracteriza la pesquería del pez limón en Baleares Read More »
