Taylor Maritime Investments Limited, the specialist dry bulk shipping company, announced that as at 31 December 2022 its unaudited NAV was $1.67 per ordinary share compared to $1.70 per ordinary share as at 30 September 2022. The Company is also pleased to declare an interim dividend in respect of the period to 31 December 2022 …
Drewry’s composite World Container Index decreased by 2% to $2,046.51 per 40ft container this week. Our detailed assessment for Thursday, 26 January 2023 The composite index decreased by 2% this week, and has dropped by 78% when compared with the same week last year. The latest Drewry WCI composite index of $2,047 per 40-foot container …
Asia’s refining cracks for very low sulphur fuel oil (VLSFO) posted weekly gains of more than 25% on Friday, led by a recent rebound in spot market sentiment. The front-month crack for 0.5% VLSFO was at a premium of $17.58 a barrel to Dubai quotes at Friday’s Asia close (0830 GMT), hitting two-month highs. The …
The Clean Arctic Alliance today welcomed progress made this week by the International Maritime Organization (IMO) to address the impact of underwater noise from ships on marine wildlife, but warned that further delay in the development of an action program clearly setting out next steps – including compulsory measures – will prevent significant action that …
Last week we announced the order of four 7999 mts dwt tankers. The ordered “Resource Efficiency Class” vessels are an addition to the two previously ordered sisters, extending the series to six identical coastal tankers. Focus on resource efficiency, environmental responsibility and logistical reliability has been key in the design process. Thun Tankers is part …
Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World Economic Forum Annual Meeting which was held from January 16-20, 2023. Ocean shipping companies participating in the sector have committed to use zero-emission fuels for at least 5% of their deep-sea shipping by 2030. (Note …
NYK is delighted to announce the order of its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG / liquefied ammonia gas carrier (VLGC) from Kawasaki Heavy Industries Ltd. (KHI). The ship will be built at the KHI Sakaide Works shipyard and is set for delivery in 2026. This vessel is the seventh in NYK’s …
NYK to Build Its Fifth LPG Dual-Fuel Very Large LPG / Ammonia Carrier Read More »
A closer look at this week’s highlights of the latest energy transition-related news gives us an insight into what the future may hold for the sector. With the world’s energy security at the top of nations’ agendas, more and more countries around the world are preparing to shift to renewable energy where hydrogen is being …
In focus: European countries keeping pace with the hydrogen uptick Read More »
Houston-based oil and gas company Murphy Oil is working on progressing its strategic priorities and its exploration portfolio provides an upside to its long-term plan of realising average annual production of approximately 210 MBOEPD with about 53 per cent oil weighting. Murphy Oil disclosed within its 4Q and full-year 2022 results on Thursday, 26 January …
Drilling campaign in Gulf of Mexico on Murphy’s agenda for 2023 Read More »
Correll Group, Cable Installation & Power Services Division has been awarded a contract with Asso.subsea for cable pull-in operations on the Saint-Brieuc offshore wind farm in France. The full scope of work includes pulling high-voltage subsea cables into the 62 Siemens Gamesa 8 MW wind turbines as well as the offshore substation. The project will …
