With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set in October for a significant decline in long-term ocean freight rates. However, the latest data from the Xeneta Shipping Index (XSI®) reveals global contracted rates fell by only 0.6% this month, following on from September’s …
The Mission to Seafarers today publishes the findings of its Q3 2022 Seafarers Happiness Index report, undertaken with the support of the Standard Club and Idwal. Seafarer happiness levels reached 7.3/10, up from 7.21 last quarter, which follows a sustained increase in seafarer satisfaction, after a record low of 5.85 recorded in Q1 of this …
Latest Seafarers Happiness Index shows sustained recovery in seafarer satisfaction Read More »
Russia may be unable to redirect all its seaborne oil exports away from Europe as the number of tankers willing to service Russian oil trade dwindles ahead of the G7’s price cap mechanism, analysts and shipping brokers told S&P Global Commodity Insights. With the G7’s price cap for seaborne Russian crude set to kick in …
Russia likely to struggle to find enough tankers to evade G7 oil price cap Read More »
Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia’s decision to suspend its participation in the scheme. Russia said on Saturday it was pulling out of the deal, which ensured safe passage of grain exports from …
U.N.’s Black Sea grain deal continues without Russia Read More »
The preliminary marine route survey for the second Malta-Italy electricity interconnector is nearing its final stages, project developer InterConnect Malta reported. The seabed survey was split into three sections, including nearshore Malta, offshore – along the route between the two countries, and nearshore Italy. The collection of geophysical, geotechnical and environmental data in the offshore …
Survey at Malta-Italy interconnector nearing final stages Read More »
US energy infrastructure company New Fortress Energy (NFE) has finalised its agreements with Mexican state-owned electric utility Comisión Federal de Electricidad (CFE) as part of a growing strategic alliance. The final agreements, which were originally revealed on 5 July 2022, are expected to be executed at a ceremony planned for 3 November in Mexico City. …
NFE firms up plans for offshore LNG hub in Mexico Read More »
Hong Kong-listed shipping major COSCO Shipping Holdings has placed an order for the construction of twelve 24,000 TEU methanol dual-fuel containerships worth $2.87 billion. The construction contract was signed by the company’s subsidiaries Orient Overseas Container Line (OOCL) and Cosco Shipping Lines with Nantong Cosco Khi Ship Engineering (NACKS) and Dalian COSCO KHI Ship Engineering …
COSCO splashes $2.87 bln on twelve methanol-powered 24,000 TEU mammoths Read More »
UK’s regulator North Sea Transition Authority (NSTA) has initiated an investigation to find out whether an oil and gas company has failed to comply with North Sea licence commitments. In addition, a warning has been to remind operators that they are required to meet licence obligations to ensure a level playing field for all. While …
Probe launched to see if North Sea operator failed to meet licence obligations Read More »
Italian shipping company Grimaldi Group has taken delivery of the twelfth hybrid roll-on/roll-off (RoRo) ship of the Grimaldi Green 5th Generation (GG5G) class from the Chinese Jinling shipyard in Nanjing. The vessel Eco Italia will fly the Italian flag, has a length of 238 meters, a beam of 34 meters, a gross tonnage of 67,311 tonnes and a service …
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 …
