Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entities throughout the maritime ecosystem. With the December 5, 2022 deadline now upon us, the truth is that no one really knows. There are too many variables and unanswered questions. Will Russia and Russian …
Complex Russian Price Cap Makes Maritime Visibility a Must Read More »
Drewry’s composite World Container Index decreased by 5% to $2,284.10 per 40ft container this week. Our detailed assessment for Thursday, 01 December 2022 The composite index decreased by 5% this week, the 40th consecutive weekly decrease, and has dropped by 75% when compared with the same week last year. The latest Drewry WCI composite index …
Drewry: World Container Index Down 10% This Week and 75% on Year Read More »
The Castor Initiative has announced that global energy major TotalEnergies has become the eighth partner to the global coalition that is committed to make zero emission shipping a reality. The global coalition, which includes MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore …
The International Chamber of Shipping signs a Memorandum of Understanding (MOU) with the Emirates Shipping Association for collaboration towards the UNFCCC Climate Conference COP28 and beyond. ICS will work with the national association of COP28’s host country for the benefit of the shipping sector overall. The UAE is one of the leader’s in the industry’s …
New Company Dedicated to Offering Affordable, High-Quality Sound Systems to Small and Mid-Sized Boats Somerville, N.J. – Banshee Marine Audio, a new boat builder-focused audio company, announced today it is now offering its high-quality line of affordable marine products to the small and mid-sized boat market. Targeting boat builders only, Banshee Marine Audio tailors its …
This new generation wants “access all areas”, but certain types of vessels are banned from marine reserves and clean ports in order to prevent pollution. The industry is pre-empting legislation and these demanding new clients are accelerating progress towards cleaner yachts with lower emissions in terms of exhaust (particulate or gaseous) and noise. These new …
Reducing superyacht emissions through smarter engineering Read More »
As part of our commitment to provide you with the most up-to-date and relevant information on the logistics industry, we share our Market Update on the Latin American market. You will find information and interesting data on the update of the state of the ports, the most important transport routes and relevant news. We hope …
Maersk market update Latin America November 2022 Read More »
On November 21, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reissued General License (“GL”) 13C related to the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR Part 587 (the “RuHSR”), which supersedes GL 13B. GL 13C extends the time for U.S. persons “to pay taxes, fees or import duties, …
Watson Farley & Williams (“WFW”) has advised Nordea Bank Abp, filial i Norge (“Nordea”) on term loan facilities of up to US$208,330,000 to be made available by Nordea and Skandinaviska Enskilda Banken AB, Singapore Branch to Taylor Maritime Investments (“TMI”) to assist in financing its acquisition of shares in Grindrod Shipping Holdings Limited (“Grindrod”). The …
WFW advises Nordea and SEB on TMI acquisition financing for Grindrod Read More »
French energy giant TotalEnergies has greenlighted the two-well infill drilling programme in the Danish North Sea to ramp up gas production from 2023 amid the current energy crisis. One of TotalEnergies’ partners in the project, Norwegian Energy Company (Noreco), revealed on Friday that the final investment decision (FID) on two infill wells has been made by …
TotalEnergies embarking on North Sea infill drilling campaign with Shelf Drilling rig Read More »
