The past month was, in essence, a continuation of the developments which had already been underway for several months. Rates in the spot markets continued to decline sharply, most severely in the Asia to US West Coast market where the levels are now rapidly approaching pre-pandemic levels. Asia to US East Coast is also declining, …
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift has resulted in an increase in bauxite shipments, benefitting the capesize segment. Guinea, the world’s largest exporter of bauxite, accounts for around half of traded volumes and has seen a 14.9% increase in bauxite shipments …
Capesize shipments of Guinean bauxite jump 27.4% YTD Read More »
Euronav NV reported its non-audited financial results today for the third quarter ended 30 September 2022. Hugo De Stoop, CEO of Euronav said: “Over the recent months, improving tanker market fundamentals have, together with geopolitical events, driven sustained and significant freight rate improvements which are broad and well supported in all parts of the large …
Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds Read More »
Image credit: Wallenius Marine Longkou Shipyard in China held the keel laying ceremony for the first vessel from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG. The ships, which were ordered back in 2021, are being built and will be managed by Swedish ship design and management company Wallenius …
Keel laid for Wallenius Marine’s dual-fuel Sleipner-class vessel Read More »
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase and Horisont Energi taking over …
Horisont Energi and Neptune Energy eye new CO2 storage license Read More »
UK’s Unite the union has served a notice of action on oilfield services provider Petrofac as part of an ongoing contract dispute with workers on the Repsol-operated assets. Unite the union confirmed on Wednesday that it had served notice on Petrofac for members on the Repsol assets. The industrial action will start on 16 November …
UK union serves notice of action on Petrofac amid pay dispute Read More »
Norway’s cleantech company TECO 2030, together with other partners, has received an invitation for HORIZON EUROPE funding of €5 million ($4.8 million) to realize the hydrogen-powered tanker concept HyEkoTank. Photo: TECO 2030 The partners involved in the project are Shell International Trading and Shipping Company Limited and Shell International Exploration and Production BV, Ektank AB, …
New hydrogen tanker retrofit project to get financial boost from EU Read More »
Norway’s Equinor and UK’s Centrica have signed a cooperation agreement to explore the development of a low-carbon hydrogen production hub at Easington in East Yorkshire, with the aim to strengthen the region’s status as the UK’s foremost hydrogen place. Under the agreement, the Centrica-operated area at Easington could transition to a low-carbon hydrogen production hub …
Equinor and Centrica team up to develop East Yorkshire hydrogen hub Read More »
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
Puertos de Manta y Posorja son los únicos que cuentan con escáneres en Ecuador Read More »
