Just under 500 seafarers remain sheltered awaiting evacuation onboard 109 ships at Ukrainian ports in the Black Sea and the Sea of Azov, down from 2,000 six weeks ago. Three quarters of the seafarers trapped in Ukrainian ports have now been evacuated from their stranded vessels, according to new data gathered by the International Chamber …
Havila Shipping has entered into agreements with buyer for sale of the PSV vessels Havila Aurora and Havila Fortune. The sale of the vessels is according to the present restructuring agreement. Havila Aurora was delivered to the buyer today. Havila Fortune is scheduled to be delivered within the next month. The Buyer has committed not …
The premium for delivered 380 CST high sulfur fuel oil in the Shanghai bunker market to the benchmark Singapore 380 CST HSFO cargo assessment hit a more than two-year high at $111.71/mt April 27, S&P Global Commodity Insights data showed. The premium was last higher at $113.41/mt on Jan. 22, 2020, the data showed. Buyers …
Shanghai delivered 380 CST HSFO bunker premium hits 2-year high on tight supply Read More »
In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3 600 per FEU since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU. The spot rate from the Far East to …
Diverging trends for Far East to Mediterranean vs North Europe Read More »
‘Actions, not words’ perfectly summarizes the general feeling of environmental activists who took the front line in fight against fossil fuels industry and its supporters. Living up to their creed, however, is the maritime sector which has also stepped up efforts on a global level to adopt more environmentally-friendly, clean fuels. The post In focus: …
The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas. The post New North Sea projects targeting 1.3 billion barrels of oil and gas appeared first on Offshore Energy.
ExxonMobil doubled its quarterly earnings and booked a significant increase in revenues when compared to the last year’s quarter. The post Earnings double for ExxonMobil despite Russia exit appeared first on Offshore Energy.
Ørsted now expects costs to reinstate the integrity of inter-array cables affected by cable […] The post Ørsted expects much lower hit from cable protection system issues than anticipated appeared first on Offshore Energy.
A Dublin-headquartered company has made an application to Ofgem for a licence that would allow it to participate in the operation of a new subsea and underground electricity interconnector. The post Dublin firm hands in application for new cross-border interconnector appeared first on Offshore Energy.
Malaysian Petronas and Thailand’s PTTEP have both decided to withdraw from the Yetagun field located offshore Myanmar. The post Malaysian operator and Thai partner pull out of Myanmar’s Yetagun field appeared first on Offshore Energy.
