The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday as gains in the panamax and supramax segments offset a dip in capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 29 points, or 1.1%, to 2,575 points. The panamax index gained 161 points, …
Baltic index gains on higher rates for smaller vessels Read More »
Just four weeks ago we wrote about Singapore VLSFO prices being at an all-time high of $765/mt. Since then, Singapore prices have hit $1,027/mt and Rotterdam prices have been even higher at $1,109/mt. The reasons are obvious and bunker prices clearly continue to move around developments and expectations surrounding the war in Ukraine. We can …
Prices are high, daily volatility is high and European bunker prices are above Singapore Read More »
Peter Hebblethwaite, CEO of P&O Ferries, said: “I want to say sorry to the people affected and their families for the impact it’s had on them, and also to the 2,200 people who still work for P&O and will have been asked a lot of difficult questions about this. “Over the last week, I’ve been …
CEO of P&O Ferries says sorry for impact of decision to make 800 people redundant Read More »
“ What maximum winds are expected in the storm area?” That is one of Standard Marine Communication Phrases under the International Maritime Organization (IMO) that officers in charge of navigation on ships, whatever their nationality, must be able to use and understand in English. The world’s 60 000 ocean going cargo ships are operated by …
The IMO and WMO – Providing weather information to support safe navigation Read More »
As the global supply chain prepared to recover from the collateral damage caused by COVID in 2022, China lockdowns hit the industry back at a time when the companies prepared to kick off the produce shipping season (April-July). Disruptions, one after the other, are taking the capacity away from the market. As a result of …
U.S. offshore construction and engineering contractor McDermott has delivered a gas field for what it says is the largest subsea project in the Asia Pacific. The post McDermott fleet delivers major milestone for ‘largest subsea project in Asia Pacific’ appeared first on Offshore Energy.
Dutch maritime technology company Value Maritime has been contracted by compatriot shipping company JR Shipping to install a filter and carbon capture system on the container feeder vessel MV Energy. The post JR Shipping opts for Value Maritime filter and carbon capture system appeared first on Offshore Energy.
Environmental Resources Management’s (ERM) ERM Dolphyn and Source Energie have entered into a partnership to […] The post New floating wind-to-hydrogen project proposed in UK appeared first on Offshore Energy.
Shell-led joint venture LNG Canada informed that Peter Zebedee has decided to step down as CEO, effective 29 March. The post LNG Canada CEO resigns appeared first on Offshore Energy.
Ever Alot, believed to be the world’s largest containership by TEU-carrying capacity, has floated out with Nippon Paint Marine antifouling and anti-corrosion systems protecting the vessel’s 400-meter-long hull. The post Nippon Paint Marine antifouling for Evergreen’s 24,000 TEU boxships appeared first on Offshore Energy.
