Motorista para buque Ro-Ro, 2200 USD/mes
Motorman on Ro-RoLooking for experienced crew to join our Ro-Ro, Ro-Pax vessels. 8 weeks on – 8 off. Interesados: forcv2@eurotanker.ru
Baltic index posts best week in 8 mths on strong vessel rates
The Baltic Exchange’s dry bulk sea freight index rose for a fourth straight session on Friday and registered its biggest weekly gain since June 2021, supported by strong demand across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 37 points, or 1.9%, to 1,977, its highest level …
Baltic index posts best week in 8 mths on strong vessel rates Read More »
High LNG prices boost conventional bunker demand, scrubbers stand to benefit
Less than two years ago countries across the world were closing their borders and locking down cities to stop the spread of Covid-19. Very few analysts could foresee crude oil going from below $20/bbl back then to almost touching the $100/bbl mark currently and gas prices staging an even more impressive comeback, from below $2/mmbtu …
High LNG prices boost conventional bunker demand, scrubbers stand to benefit Read More »
Re-examining the applicability of subjects
In a recent charterparty dispute in case DHL Project & Chartering Ltd v. Gemini Ocean Shipping Co Ltd (Newcastle Express) [2022] EWHC 181 (Comm), the Commercial Court set aside an arbitration award on the basis that the Tribunal had no jurisdiction to rule in circumstances where the parties had not concluded a binding contract (or …
Drewry: World Container Index Remains 80% Higher Than a Year Ago
Drewry’s composite World Container Index decreased marginally by 0.2% to $9,359.10 per 40ft container this week. Our detailed assessment for Thursday, 10 February 2022 • The composite index decreased marginally by 0.5% this week, but, remains 80% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, …
Drewry: World Container Index Remains 80% Higher Than a Year Ago Read More »
Qatargas buys 10 steam-turbine LNG carriers despite fast-approaching EEXI/CII enforcement date
Contrary to market expectations, Qatargas recently signed a deal to acquire 10 steam turbine LNG carriers, averaging 23 years, from a group of Japanese owners (K-Line, MOL and NYK). Qatargas has been operating these vessels under long-term contracts with an option to purchase them at a discount when the charter ends. The acquisition seems unusual …
EU Eyeing Inclusion of Shipping Industry to Carbon Markets
The European Commission is considering adding shipping into carbon markets in what would be a first after years of disagreement, reports Reuters. It’s a hotly contested and complex issue, but the root cause of folding in the shipping industry is because roughly 3% of the world’s carbon emissions accounts for 90% of global transport by …
EU Eyeing Inclusion of Shipping Industry to Carbon Markets Read More »
Asia Fuel Oil VLSFO crack lingers near 2-year high on tight supplies
Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) dipped on Friday, but lingered close to its strongest levels in two years, buoyed by tighter regional supplies. The front-month VLSFO crack slipped to $19.27 per barrel against Dubai crude during Asian trading hours, down from Thursday’s $19.44 a barrel that was the highest since …
Asia Fuel Oil VLSFO crack lingers near 2-year high on tight supplies Read More »
SBM Offshore’s profit guidance ‘a touch light’, shares plunge
SBM Offshore shares dived on Thursday after the Dutch oil and gas services company’s cautious guidance disappointed the market despite full-year results meeting expectations. For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) to reach about $900 million. Analysts polled by the …
SBM Offshore’s profit guidance ‘a touch light’, shares plunge Read More »
Suez Canal blockage raises many questions about future claims modelling, says NI webinar
The Ever Given case is another reminder of the fragility of global supply chains and the importance of shipping but it raises some important questions about the challenges facing insurers when modelling for such claims, delegates attending a Nautical Institute webinar were told. While the initial claim by the Suez Canal Authority was in the …
Suez Canal blockage raises many questions about future claims modelling, says NI webinar Read More »