Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) eased on Friday amid a flurry of spot offers, snapping a rally that struck six-month highs. The spot premium (MFO05-SIN-DIF) slid to $25.14 a tonne to Singapore quotes on Friday, while the February refining crack (LFO05SGDUBCMc1) was at a premium of $12.04 a barrel …
In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 2022), consolidated revenues amounted to ¥2,050.1 billion (increased by ¥374.2 billion compared to the first nine months of the previous fiscal year), operating profit amounted to ¥249.4 billion (increased by ¥51.4 billion), recurring profit amounted to …
NYK’s Financial Performance Propelled By ONE Earnings Read More »
Operation Atalanta Commander, Spanish VADM José M. Nuñez Torrente, chaired XIII Industry Strategy Meeting in London, hosted by H.E. Head of the EU Delegation to the UK, Ambassador. Pedro A. Serrano de Haro The ES-OHQ delegation provided an update on the Operation and upcoming challenges to the most relevant Shipping Industry representatives : new extended …
EU Navfor Operation Atalanta And The Shipping Industry Meet In London Read More »
CMA CGM is pleased to announce the NC LEVANT new service setup aimed at providing our customers with improved reliability and better service. New features of NC LEVANT will be the following: Better coverage of the region thanks to CMA CGM’s new investment in Egypt in Alexandria’s Trans Misr Terminal (TMT), now ready to accept …
A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become …
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with it …
Euronav CEO: We don’t want to make a bet on a specific future fuel Read More »
The UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, and Norway’s offshore engineering contractor Aker Solutions have formed a new joint venture, which will enable them to work together on upgrading a floating production, storage and offloading (FPSO) vessel for one of the largest undeveloped oil fields in the UK. …
Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field Read More »
Ashdod Port Company has signed an agreement with Maersk North America – to collaborate on innovation opportunities in supply chain logistics. The agreement enables Israeli startups that are participating in Ashdod Port’s Blue Ocean for Startups technology incubator to be considered for pilot projects in North America to test the proposed technologies in landside operations. …
Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through a series of manual and legacy processes. Freightify’s freight rate management platform is solving the complex challenges facing freight forwarders and helping them to do more business faster at lower costs. Today, Freightify is announcing a …
ZIM Integrated Shipping Services Ltd. announced today that its ZXB service will undergo a significant restructuring, with a new and improved rotation. Starting from late February, the ZXB weekly rotation will be: Jakarta – Laem Chabang– Cai Mep – Haiphong – Yantian – Kaohsiung – Panama Canal – Kingston – Baltimore – Norfolk – New …
