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How are bulk shipping equities being impacted by the Russia-Ukraine conflict?

The ongoing Russia-Ukraine war has led financial investors to scramble for safer assets. Global indices have declined , while commodity indices have increased with surging commodity prices (especially, crude oil, LNG and grains). More specifically, S&P 500 has declined 1.3%, while Dow Jones Commodity Index rose 16.5% (between 23 February and 8 March 2022). The …

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Xeneta: A narrower spread on China to Europe trade lane indicates amble deployed capacity

Spot freight rates from China to Europe suffered their biggest day-on-day drop since they started their upwards journey in 2020 as February turned to March. On 1 March, the average spot freight rate fell by almost USD 500 per FEU, landing at USD 13 340 per FEU. This marks the first time since September 2021 …

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Singapore’s first hybrid electric bunker tankers to be developed by Shift Clean Energy and designed by SeaTech for V-Bunkers, Vitol’s Singaporean bunker operations company

A new partnership between climate action solution provider Shift Clean Energy (Shift), SeaTech and Vitol, a leader in the energy sector, will provide Vitol’s bunker operations company, V-Bunkers, with Singapore’s first hybrid bunker tankers. They will be designed by SeaTech Solutions, using Shift’s energy storage systems (ESS). This marine electrification project will see up to …

Singapore’s first hybrid electric bunker tankers to be developed by Shift Clean Energy and designed by SeaTech for V-Bunkers, Vitol’s Singaporean bunker operations company Read More »

Shipbuilder Meyer Group steps into floating solutions business

Germany’s Meyer Group, a shipbuilding consortium comprising three shipyards in Europe, has joined forces with Admares Marine, a Finnish floating real estate company, to form a joint venture. The post Shipbuilder Meyer Group steps into floating solutions business appeared first on Offshore Energy.

Cheniere and Engie extend LNG supply deal

U.S. LNG exporter Cheniere Energy has agreed with French energy major Engie to amend the LNG sale and purchase agreement from June 2021. The post Cheniere and Engie extend LNG supply deal appeared first on Offshore Energy.

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