The Baltic Exchange’s dry bulk sea freight index (.BADI) marked its first weekly gain in five, even as it slipped on Friday due to a fall in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, shed 35 points, or about 2.5%, to 1,355. …
Baltic index slips as capesizes fall; posts first weekly rise in five Read More »
Ocean shipping spot rate indexes are still falling. But after months of steep declines, they’re dropping much less rapidly than before. It could be just a temporary plateau before the next leg down. Or it could be something more significant: the first sign of the market bottom, the post-pandemic “new normal.” Different spot rate indexes …
Shipping rates are no longer plunging. Is ‘new normal’ near? Read More »
Lloyd’s Register (LR) has launched a five-level framework for assessing the actual readiness of a vessel for the transition to zero carbon fuels. Published by LR’s Maritime Decarbonisation Hub, ‘Zero Ready Framework – helping to ensure shipping can deliver our zero-emissions future’, ranks vessel readiness for zero carbon fuel operations from 1 (highest level of …
LR launches ‘Zero Ready Framework’ for vessels operating on zero carbon fuels Read More »
Bluestone Group, a leading international provider of technical services to the maritime industry, was awarded by Princess Cruises with two orders of Silverstream Air Lubrication System (ALS) to be installed on its Sky Princess and Enchanted Princess units. The last two orders follow the successful installation of the ALS on board the Regal Princess and …
Countries around the world need to make laws to force the emissions heavy shipping industry to switch to cleaner fuels, say analysts, as the United States and Norway launched a “Green Shipping Challenge” at the UN’s COP 27 climate conference in Egypt. As part of the challenge, more than 40 ports, companies and states made …
Intermarine joins forces with project and breakbulk cargo specialist WeShip Projects to launch Intermarine Asia and strengthen Intermarine’s position in Europe. Torben Reinhard and Lars Steen Rasmussen, partners in WeShip and well-known names in the industry, join Intermarine’s commercial team as part of the deal. Svend Andersen, CEO of Intermarine, says: “Intermarine and WeShip have …
Intermarine joins forces with WeShip Projects and launches Intermarine Asia Read More »
During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rulebook. Premium content Checking for account. You …
In focus: Eye on sustainability at COP27 amidst geopolitical tensions Read More »
Namibia, one of the world’s sunniest countries, is investing strenuous efforts in exploiting its abundant natural resources to produce renewable energy, most notably green hydrogen, and position itself as a renewable energy hub. “Namibia is comfortable with being a first mover in an industry that is nascent and one that is very hard to define. …
Keppel Corporation’s subsidiary, Keppel Offshore & Marine (Keppel O&M), has secured assignments for two additional jack-up rigs, which will be deployed in Saudi Arabia. Keppel O&M disclosed on Friday that it has, through its wholly-owned subsidiaries, signed bareboat charter contracts with ADES Saudi Limited Company (ADES) for two jack-up rigs to be deployed in Saudi Arabia, …
As part of its development of the 2.9 GW Hornsea Three offshore wind farm in the UK, Ørsted is also required to implement compensation measures for the protection of the Black-legged kittiwake. Now, the company is starting surveys at the locations where artificial nesting structures for kittiwake are proposed to be set up. The offshore wind …
Ørsted to begin surveys at Hornsea Three’s kittiwake nesting sites Read More »
