Drewry’s composite World Container Index decreased by 2% to $1,859.28 per 40ft container this week. Our detailed assessment for Thursday, 02 March 2023 The composite index has decreased by 2% this week, and has dropped by 80% when compared with the same week last year. The latest Drewry WCI composite index of $1,859 per 40-foot …
Drewry: World Container Index Down by 2% This Week Read More »
Executive Summary The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) has identified blue and electro ammonia as potential low-emission alternative fuel pathways. The emissions profile for ammonia fuels is currently unknown, as ammonia engines are still under development. However, emissions from ammonia internal combustion engines (ICEs) may present safety, climate, and regulatory risks, …
Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore, the world’s largest bunkering port, as refuelling demand from the shipping sector has recently waned, multiple trade sources said. A weaker Singapore bunker market reflects slowing activity at one of the world’s most major ports that sits …
Singapore bunker premiums set for bumpy recovery in March -sources Read More »
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, reported financial results for the three months and year ended December 31, 2022. Quarter Highlights: Generated Revenues, net of $151.4 million Achieved TCE(1) of $22,062/day based on TCE Revenues(1) of $102.5 million Realized net income of $23.3 million, or $1.79 per basic …
Eagle Bulk Shipping Inc. Stays Positive on Dry Bulk Market’s Fundamentals Read More »
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce publication of ESG DATA BOOK 2022. ESG DATA BOOK 2022 has been issued to systematically summarize policies, systems, specific initiatives and relevant data related to “K” LINE Group’s environmental (E), social (S), and governance (G) aspects. It has been published as a tool for dispatch …
With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition? Premium content Checking for account. You need javascript to validate your login status. Premium Premium …
In focus: Tackling energy trilemma with oil & gas industry calling the shots Read More »
Brazilian oil and gas player Enauta has interrupted production from a well located on a field offshore Brazil only days after completing the preventive maintenance activities for a floating, production, storage, and offloading (FPSO) vessel, which is carrying out operations on this field. FPSO Petrojarl I; Source: Enauta Enauta disclosed on Friday, 3 March 2023, …
Enauta shuts down production from Brazilian well Read More »
Via a project company Everfuel Greenstat Production 1 AS, Danish hydrogen fuel company Everfuel and Norwegian energy company Greenstat have signed an agreement with Norwegian producer Elkem for the long-term lease of land in the Fiskaa industrial area in Kristiansand, Norway, for the construction of a hydrogen facility. Courtesy of Greenstat Courtesy of Greenstat The …
Everfuel and Greenstat enter lease agreement with Elkem for Hydrogen Hub Agder Read More »
German container liner Hapag-Lloyd sees great opportunity in India where containerisation levels are still low, chief executive Rolf Habben Jansen told reporters on Thursday. Having accompanied German Chancellor Olaf Scholz on a recent visit, he came away with optimism, Habben Jansen said at an earnings press conference. “We are certainly committed to that market…it is …
Hapag-Lloyd CEO says he is optimistic about shipping development in India Read More »
Mitsui O.S.K. Lines, Ltd. announced that on March 1, on the coast of Bali, Indonesia, it unveiled a marine debris collection ship and conducted demonstration of a coastal debris collection device, which it purchased through PT MOL Blue Ocean Indonesia (President Director: Hiraku Sato; Head Office: Jakarta, Indonesia), a wholly owned subsidiary of the MOL …
