The two ‘Fs’ of global commodity trade – food and fuels – are key concerns for the United Nations Conference on Trade and Development (UNCTAD) as the war in Ukraine nears its fourth week. In its report on ‘The Impact on Trade and Development of the War in Ukraine’, UNCTAD points to Russia’s and Ukraine’s …
The Far East to South American East Coast trade is the only front haul trade where the long term is lower than the average spot rate among Xeneta’s top 13 trades. Long-term rates on this trade are still below their October highs, but they have been steadily rising since 2022. As of 15 March, long …
Spot Rates Tower Above Long Term Contracts On All But One Major Fronthaul Trade Read More »
More than 55,000 commercial ships sail the world’s waters annually, carrying essential goods and products that people depend on. As they move from port to port, these ships generate a range of waste and residual material, from lubrication oil, to wash water, ballast water, greywater, leftover contents in cargo holds, sewage, food waste, and other …
Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with implications for insurance and certification. With a modern fleet of ships, state-run SCF is a key transporter of Russian oil and liquefied natural …
Russian shipping firm Sovcomflot in choppier waters after UK slaps on sanctions Read More »
Höegh Autoliners delivers its 2021 Annual report which highlights the Company’s performance the last financial year and clear focus on its path to a zero emissions future through its green fleet renewal program and strategic repositioning. Andreas Enger, CEO of Höegh Autoliners, says: “2021 has been a year of considerable milestones for Höegh Autoliners. With …
Sparked by the military conflict in Ukraine and the potential of up to 3 million bpd loss of Russian supply, the extreme volatility in bunker markets is here to stay. As a result of Week 12, the 380 HSFO Index rose by 35.97 USD: from 685.86 USD/MT to 721.83 USD/MT. The VLSFO index went up …
MABUX: Bunker Prices Could Move Further Higher Next Week Read More »
Xeneta, the leading ocean and air freight rate benchmarking, market analytics platform and container shipping index, today announced the appointment of two new sales executives. Scott Irvine joins Xeneta as VP of Freight Forwarding and Laura Finbow will serve as Director of Sales Enablement. The announcement comes shortly after the fast-growing company acquired Amsterdam-based air …
Xeneta Appoints Two New Executives to Key Sales Leadership Positions Read More »
MacGregor, part of Cargotec, has been selected to supply RoRo equipment for four zero-carbon ready and multi-fuel Aurora class pure car and truck carriers (PCTCs). The post MacGregor to equip multi-fuel PCTCs for Höegh Autoliners appeared first on Offshore Energy.
German transmission system operator OGE and compatriot utility RWE have jointly developed the national infrastructure concept H2ercules. The post RWE, OGE team up for H2ercules hydrogen infrastructure concept appeared first on Offshore Energy.
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area. The post North Sea player doubles its interest in Catcher field appeared first on Offshore Energy.
