The Baltic Exchange’s main sea freight index fell on Friday and registered a weekly fall, pressured by a drop in rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 23 points, or about 1%, to 2,331. The index was down 9.6% for the week. The capesize …
Baltic index posts weekly fall on weakness across vessels Read More »
Valve maintenance is an essential element in ensuring seaworthiness: without the right valves, in good condition, a vessel is not fit to sail. In these circumstances, owners and operators can rapidly lose valuable operational time while trying to source and replace a faulty or worn valve. Identifying and sourcing the right replacement valve is not …
Digital valve management: faster, safer and less wasteful Read More »
What should maritime stakeholders focus on in the coming years to accelerate maritime decarbonization? At this week’s Getting to Zero Coalition Workshop, participating Coalition members collaborated on detailing out an action plan to make the full decarbonization of shipping concrete and tangible. Participants focused on the combination and acceleration of four change levers: technology on …
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would generate a sizable financial gain. Tobias Adrian, Patrick Bolton and Alissa M. Kleinnijenhuis from the IMF calculate that the world could gain an estimated $78 trillion over the coming decades by making this …
Drewry’s composite World Container Index decreased by 3% to $7,285.89 per 40ft container this week. Our detailed assessment for Thursday, 23 June 2022 • The composite index decreased by 3% this week, and, 10% lower than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,475 per …
Drewry: World Container Index 10% Lower Than a Year Ago Read More »
The breakeven point for logistics giant Maersk to ship goods and cargo has risen by more than 25% due to an array of inflationary pressures that will abate but not return to pre-COVID-19 levels, a senior executive said on Wednesday. “There will be a world where the disruptions, congestions and the inflation we have seen …
Breakeven point for Maersk’s ocean shipping up 25% – executive Read More »
The front-month 0.5% VLSFO crack against Dubai crude touched a high of $38.93 per barrel during Asia’s trading hours, surpassing the previous record high of $37.58 per barrel hit on May 31, 2022, before retreating slightly. The strength largely mirrored that of 10-ppm gasoil cracks, which have extended an uptrend throughout June amid persistent tightness …
VLSFO crack hits record high on tight supply, lower crude Read More »
A summit of more than 100 CEOs and government representatives unanimously agreed to establish an international cross-sectoral collaboration platform to help decarbonise the shipping industry, in London. The Shaping the Future of Shipping Summit convened the largest meeting of industry leaders since COP26 to address shipping’s decarbonisation agenda. CEOs and officials agreed to develop a …
Leadership plays a crucial role in sailing a harmonious ship and supporting seafarers in their challenging roles at sea, according to Captain Henrik Jensen, Managing Director of Danica Crewing Specialists. As the global shipping industry marks Day of the Seafarer on June 25th , with this year’s theme of “Your Voyage, Then and Now”, Capt …
La Autoridad Portuaria de Sevilla y la Asociación Short Sea Shipping comparten en una jornada las soluciones logísticas del Puerto de Sevilla para una movilidad más sostenible y competitiva El presidente de la Autoridad Portuaria de Sevilla, Rafael Carmona, y la directora de la Asociación Short Sea Shipping, Pilar Tejo, han inaugurado una jornada dedicada …
