The Baltic Exchange’s dry bulk sea freight index rose for a second session on Wednesday, helped by an uptick in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 68 points, or 3.3%, to 2,137 points. The capesize index gained 150 points, or …
Baltic index up on firm demand across all vessels Read More »
The U.S. responded to the Russian invasion of Ukraine by imposing sanction measures targeting not only the core infrastructure of the Russian financial system but also the shipping industry. The US Department of Treasury’s Office of Foreign Assets Control (OFAC) expanded debt and equity restrictions on 13 main Russian enterprises. The impact on the freight …
US Response to Russian Invasion with Sanctions on Shipping Read More »
Russia’s Lukoil booked an Aframax at a Worldscale 25 premium to typical stems for purposes of lifting a US crude cargo for export to Europe as shipowners weighed the risks of sanctions related to potential payment issues amid further escalation of the Russia-Ukraine conflict. Lukoil placed the ExxonMobil-operated 109,995 dwt Navig8 Prestige on subjects in …
TANKERS: Russia’s Lukoil pays freight premium for USGC crude export cargo Read More »
Law firm Hill Dickinson has boosted its international team of master mariners with the hire of Helene Peter-Davies to its London office. She joins an industry-leading legal team of master mariner/casualty specialists who together have more than 100 years of practical seagoing experience spanning most vessel types. Helene Peter-Davies is a solicitor and master mariner …
Another 30-year concession request has been submitted to one of the local authorities under the Italian Ministry of Infrastructure and Transport for a floating wind farm in the Mediterranean Sea. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not …
New floating wind farm proposed to be built offshore Italy Read More »
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid growing fears about the impact of Russia’s attack on Ukraine and the result of related sanctions on supply despite the commitment by the IEA members to release millions of barrels from emergency reserves. Meanwhile, a meeting between OPEC and …
Oil prices jump as sanctions spur supply fears while OPEC+ reconfirms output plans Read More »
Several container shipping majors have temporarily suspended bookings to and from Russia amid the Russian military attack on Ukraine. The bookings suspensions are a result of severe sanctions on Russia imposed by governments around the world. The international sanctions target Russian transport, energy and financial sectors. Maersk: Stability and safety of operations impacted by sanctions …
Container shipping companies halt shipments to and from Russia Read More »
Eco Wave Power has outlined plans to relocate its wave energy power plant from Gibraltar to AltaSea’s premises in the Port of Los Angeles. Eco Wave Power’s wave energy array in Gibraltar (Courtesy of Eco Wave Power) A range of factors led to the decision to move the energy conservation unit, the primary reason being …
Eco Wave Power to relocate wave energy plant from Gibraltar to Los Angeles Read More »
Norwegian offshore vessel owner Eidesvik Offshore has won a contract by PXGEO UK for Subsea Viking under the master time charter agreement. Source: Eidesvik Offshore The contract will commence ultimo April in direct continuation of the existing standby contract. The firm period is for 100 days with options for extensions. In March 2021, Eidesvik’s Subsea …
El laboratorio de robótica del proyecto de industria digital contará con la presencia de Robotnik, que aportará su tecnología, profesionalidad y calidad en el campo de la robótica móvil. Las empresas Windforce, y AsorCAD y Mastertec 3D, ambas de la división de Tecnologías 3D del grupo Mastertec, se suman al laboratorio de Impresión 3D. DFactory …
