The Baltic Exchange’s main sea freight index snapped its seven-week long losing streak and posted its second-biggest weekly jump ever on Friday, as rates for all vessel segments rebounded. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 67 points, or about 8.2%, at 883, an over one-month …
We are back with another ranking of carrier carbon emissions based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI). We like to call it “naming and faming”. This week we are taking a look at the very popular and timely Far East to US West Coast trade. “Why are we doing this?” We …
Q4’22 Carbon emission carrier ranking | Far East to the US West Coast Read More »
Chinese demand is the “big uncertainty” for the global liquefied natural gas market in 2023. According to analyst ING, while Chinese demand for LNG is expected to increase this year, it is “difficult to gauge” exactly how much stronger it will be. “We are assuming for now that Chinese demand will not return to 2021 …
The Asian high sulfur fuel oil market is likely to strengthen, and quite significantly so, from prevailing levels as oil majors and trading giants begin to increasingly eschew Russian-origin oil, traders said. Several market participants including oil majors, leading traders and shipowners had already voluntarily distanced themselves from trading Russian-origin oil since its invasion of …
Asia HSFO market likely to garner strength as traders shun sanctioned Russian oil Read More »
Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a three-month low on Friday, while Kuwait’s Al Zour closed a term tender in the previous day. Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of …
VLSFO premium at three month-low; Kuwait’s Al Zour closes latest term tender Read More »
Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch a new innovation initiative to reduce cargo loss at sea. Evergreen Line, HMM, Maersk, the Offen Group, ONE (Ocean Network Express), Seaspan as well as Lloyd’s Register are joining forces with Safetytech Accelerator to …
Major shipping carriers unite to improve safety of cargo Read More »
Al Seer Marine has secured its latest gas vessel for AED331 million, the International Holding Company (IHC) subsidiary, announced today. The latest acquisition is part of the company’s expansion initiatives in crude and gas tankers, and dry bulk shipping sectors. Source: WAM
We are writing to inform you of upcoming changes to the BossaNova & Samba services rotations. Your partnership remains of the utmost importance to us and as your integrated logistics partner, we constantly monitor our routes to ensure that your supply chain moves with agility, connectivity, and ease. We are excited to share that Maersk …
Maersk: Europe to/from East Coast South America service – Rio Grande port coverage Read More »
Global, sector-focused law firm HFW has continued to support the development of a new Geneva Declaration designed to define and defend the human rights of the global maritime population and those crossing the world’s oceans and seas. HFW previously carried out a joint review of the Declaration on behalf of UK-based NGO Human Rights at …
HFW Supports NGO On Development Of Geneva Declaration On Human Rights At Sea Read More »
Lowering the environmental footprint of the offshore energy sector – a key concern in the 21st century – plays a huge role in combating the climate change.Chevron Energy efficiency, carbon storage, renewable energies and alternative fuels are just some of the ways to tackle this problem. A few of the latest initiatives, like the one …
In Focus: Lowering the environmental footprint of the offshore energy sector Read More »
