Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. La información de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qué secciones de la web encuentras más interesantes y útiles.
Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. La información de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qué secciones de la web encuentras más interesantes y útiles.
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as demand slowed across all vessel segments with panamaxes extending losing streak for a fifth week in a row. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 50 points, …
Baltic index slips, panamax rates extend weekly declines Read More »
Crude tanker companies had a great year in 2022, registering record earnings and profits. Some companies rewarded shareholders with increased dividend payments, while others opted to strengthen their balance sheets. Additionally, shareholders benefited from a general surge in the stock prices of these companies. The crude tanker orderbook to fleet ratio is at a record …
Container shipping rates have weakened to a level “not sustainable” for box carriers in the long run, with their operating expenses under pressure from inflation, Hapag-Lloyd CEO Rolf Habben Jansen said May 11. S&P Global Commodity Insights Platts Container Index, a weighted average of spot rate assessments on key routes, was assessed at $1,059.59/FEU on …
Box rates not sustainable amid inflation pressure: Hapag-Lloyd Read More »
Exposure to carbon pricing may seem like a threat to some ship owners and charterers. The aim, after all, is to encourage a switch to green fuels that will likely be more expensive than fossil fuels, accompanied by costly changes to operations. But these incentives and penalties can also offer wide scope for profit to …
EU carbon pricing brings new pressures – and new plays – to maritime Read More »
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of August 6, 2008. A total of 188 articles were reviewed; 70 were modified; 10 were eliminated and more than 12 new articles were proposed, and all of them were approved …
Panama concludes update of the General Merchant Marine Law Read More »
Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely quiet as the market awaited new tenders from Kuwait’s Al Zour refinery. The cash premium for 0.5% VLSFO (MFO05-SIN-DIF) dipped slightly to $7.30 a tonne, though the front-month margin (LFO05SGDUBCMc1) inched higher to a premium of $8.01 a barrel at 0830 …
VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour Read More »
Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its stores. COVID-era supply chain disruptions played a key role in the company’s demise. Now, the bankrupt retailer is pursuing tens of millions of dollars in claims against container shipping lines, which it alleges did not perform during …
Bankrupt Bed Bath & Beyond goes after container shipping lines Read More »
2022 saw the climax so far of the weaponization of energy. Following its geopolitical demise, Russia has undertaken its own gas amputation, moving from a super energy power status to a diminished role with uncertain prospects and only hard options left. Russia has cut off almost entirely pipeline gas supplies to the European Union (EU), …
The Strategic Repositioning of LNG: Implications for Key Trade Routes and Choke Points Read More »
