The verdict is out on how far into the second quarter Americas clean tanker markets can sustain the fixing bonanza that has driven freight to peaks not seen since the third decade of April 2020, when pandemic-related global lockdowns prompted steep contangoes on the oil markets and put over 200 million barrels of crude and …
Americas freight bonanza hinges on product availabilities, ballasters Read More »
Drewry’s composite World Container Index decreased by 1.4% to $8,041.50 per 40ft container this week. Our detailed assessment for Thursday, 7 April 2022 • The composite index decreased by 1.4% this week, but, remains 64% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,116 …
Drewry: World Container Index Down 1.4% on the Week Read More »
Euronav NV has noted the communication from CMB indicating that it does not support the announced combination of Euronav and Frontline, a transaction that has received a positive response from the market and from our other shareholders. Our Supervisory Board has carefully assessed all available options in the interest of all shareholders, not of one …
Euronav: Combination With Frontline Offers The Best Path To Value Creation Read More »
The Maritime and Port Authority of Singapore has taken steps to ensure the fuel contamination issue, which has so far impacted dozens of ships that bunkered at the city-state, does not escalate further as it continues its probe. MPA has contacted the relevant bunker suppliers to take necessary steps to stop supplying the particular batch …
Singapore MPA steps in to curb bunker fuel quality issues Read More »
The Royal Belgian Shipowners’ Association has signed a statement together with other leading shipowning associations condemning the attack on Ukraine: Statement signed by leading Shipping Associations: We, as leading shipping associations, condemn in the strongest terms Russia’s on-going war and invasion of the sovereign state of Ukraine. The appalling decision by the Russian Government to …
Shipowners’ Associations Stand Behind Eu Sanction Package Read More »
The CMA CGM Group, a world leader in shipping and logistics, is acquiring nearly 100% of the capital of GEFCO, European leader in automotive logistics and international expert in multimodal supply chain. The acquisition has been submitted to competition authorities for approval. However, as part of a special procedure, the European Commission has authorized CMA …
CMA CGM Group strengthens strategic logistics development with GEFCO acquisition Read More »
The current geopolitical crisis has been seen by many as a wake-up call and a nudge the world needed to pivot towards renewables, which are perceived as pillars of a net-zero future. In light of this, the offshore energy industry is putting the wheels into motion to step up decarbonisation as the world scales up …
In focus: Industry making strides on its journey to sustainable future Read More »
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry. The post Euronav-Frontline merger could reap multiple benefits of energy transition appeared first on Offshore Energy.
The video shows initial testing and shakedown of 16kW Waveswing wave energy device that was recently completed, as the developer AWS Ocean Energy proceeds with offshore scientific test program in Scotland. The post Video: Waveswing wave energy device gets shakedown at EMEC appeared first on Offshore Energy.
Subsea and transitional energy services provider Aqueos Corporation has decided to settle in its […] The post Aqueos settles in Boston to serve renewable energy players appeared first on Offshore Energy.
