The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight week, helped by higher rates for all vessel segments, largely capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points, or about 3.3%, at 1,424, the …
Baltic index gains for third week on stronger capsizes Read More »
Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 newbuild PCTCs ordered in 2021 and 90 more in 2022. The rise rests on several factors: limited shipping capacity, an increase in trade of vehicles since late 2020, the quest for greener supply chain solutions, particularly from electric …
Demand for greener supply chain boosts PCTC newbuild market in China Read More »
In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) [2023] EWHC 391 (Comm) charterparty dispute, the arbitral tribunal found that the charterer was in breach of an implied obligation to have the holds re-inspected without delay after a failed inspection and they were not, therefore, entitled to claim the vessel was off-hire for …
Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite heavy supply arrivals this month, data showed Friday. The front-month April margin for 0.5% VLSFO rose 5 cents from its previous session to $8.75 per barrel at the Asia close (0830 GMT), firming by 5% week-on-week. Arbitrage supplies …
VLSFO margin posts weekly gain despite ample prompt supplies Read More »
Babcock’s LGE business, the world leader in marine liquified gas cargo handling solutions is celebrating winning ‘Business of the Year’ at the Maritime UK Awards, in recognition of its success of developing and delivering multiple new products resulting in significant growth over the past five years. The business is going from strength to strength having …
Babcock’s LGE Business Crowned ‘Business of the Year’ at Maritime UK Awards 2023 Read More »
Russia’s foreign minister Sergey Lavrov March 9 repeated his country’s grievances with the agreement that guarantees the safety of commercial ships taking agricultural commodities from Ukraine’s Black Sea ports. “We, the Russian Federation, have fulfilled all of our obligations [under the agreement]…the second part isn’t being fulfilled at all,” said Russia’s foreign minister, Sergey Lavrov, …
Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms Read More »
Marine-Fields Holding Ltd, is pleased to announce the acquisition of BM Bergmann Marine GmbH. The transaction, which was completed in Hamburg on 27th of January 2023, is a formal validation of the close and successful cooperation between the two companies over the past few years. The two innovative organisations join forces to create a leading …
Marine-Fields Holding expands its presence in Germany Read More »
Maritime UK has launched its comprehensive and ground-breaking Offshore Wind Plan at the Offshore Renewable Energy (ORE) Catapult’s Operations & Maintenance Centre of Excellence in Grimsby, with the support of Associated British Ports. The Offshore Wind Plan makes a series of recommendations for how the maritime sector, the offshore wind sector, and governments can work …
Maritime UK launches landmark ‘Offshore Wind Plan’ Read More »
Swire Projects, a projects and heavy lift shipping services division of Swire Shipping, completed the inaugural voyage of its first of three chartered H-Class vessels, Pacific Hero. The versatile 28,500 deadweight multipurpose vessel has a lifting capacity of up to 150 mts and is capable of moving a wide range of project cargo. Announced in …
Swire Projects’ New H-Class Vessel Embarks on Inaugural Voyage Read More »
Global bunker trading firm, Glander International Bunkering is promoting gender balance this International Women’s Day, with the second phase of the Pledge for Her initiative. In 2022, the company first developed an online platform where visitors could submit solutions that could mitigate gender inequality. To date, these pledges have revealed key findings on the steps …
Glander International Bunkering relaunches Pledge for Her for International Women’s Day Read More »
