Sustainability in shipping is about more than promoting and using green fuels; it’s about broader transparency and responsibilities, according to a report from PA Consulting published by the Global Maritime Forum. The development of sustainable fuels has been the driving force in aims to meet the International Maritime Organization target of reducing emissions by 50% …
Efforts to reform the EU’s Emissions Trading System are facing an uphill battle in 2022, including a proposed expansion into shipping that comes during an energy cost crisis in Europe that threatens to dampen willingness to accept tougher environmental regulations. EU carbon prices surged to an all-time high of Eur90.75/mt ($102.34/mt) Dec. 8, prompting calls …
EU on collision course with shipping over carbon market reforms Read More »
The Baltic Exchange’s dry bulk sea freight index fell for the eleventh session on Thursday, as weaker capesize rates overshadowed gains in the panamax vessel segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, shed 10 points, or 0.5%, to 2,219, its lowest level since April 14. The main index …
Baltic index falls for eleventh day on capesize weakness Read More »
Drewry’s composite World Container Index increased marginally to $9,304.05 per 40ft container this week. Our detailed assessment for Thursday, 23 December 2021 • The composite index increased marginally this week, and, remains 119% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,555 per 40ft …
Drewry: World Container Index 119% Higher Than a Year Ago Read More »
On a Week 51, the MABUX World Bunker Index continued to demonstrate minor multidirectional changes. The 380 HSFO Index rose by 2.56 USD: from 473.94 USD / MT to 476.50 USD / MT. The VLSFO index fell by 3.87 USD: from 610.38 USD / MT to 606.51 USD / MT, while the MGO index decreased …
Asia’s cash premiums for high-sulphur fuel oil (HSFO) slipped for a fourth consecutive session in a row, while the residual fuel inventories in Singapore are escalating to 4 weekly. The cash premiums for 380-cst HSFO were $1.23 per tonne to Singapore quotes, the lowest since Dec. 14 and $1.29 per day earlier. The 380-cst HSFO …
Asian Fuel Oil 380cst HSFO cash premium dips for fourth straight session Read More »
The Assembly adopted a resolution setting out the IMO’s aims and ambitions related to capacity building during the current decade. At the 32nd session of the IMO Assembly (A 32) from 6 to15 December 2021, the Assembly adopted a resolution on comprehensive action to address seafarers’ challenges during the COVID-19 pandemic, consolidating issues related to …
Addressing seafarers’ challenges during the COVID-19 pandemic Read More »
Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced an update on its share repurchases. Pursuant to the Company’s previously approved share repurchase authority and consistent with the Company’s announced capital return policy, the Company has acquired a combined total of 108,818 ordinary shares in the open …
Grindrod Shipping Holdings Ltd. Announces Update on Share Repurchases Read More »
Leading Classification Society ClassNK has released “PrimeShip-PSC Intelligence”, a mobile app to assist the improvement of ship management system and PSC performance, provided free of charge. The application is the mobile version of PSC Intelligence PC version for ship management companies released in 2018. The application, which has been developed for seafarers, enables them not …
Reference is made to the stock exchange announcement from Finanstilsynet published today after checking the company’s accounts for 31.12.19 and 30.06.20. The report from Finanstilsynet states that the company shall carry out new impairment assessments of the company’s offshore vessels for the relevant accounting periods. The control from Finanstilsynet started in March 2020 and has …
