The Baltic exchange’s main sea freight index fell on Wednesday as capesize rates dipped to a two-week low. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 115 points, or 3.5%, to 3,139, the lowest since April 30. The capesize index fell 359 points, or 7.08%, …
Baltic index falls as capesizes retreat to 2-week low Read More »
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region. Earnings on the Rotterdam to New York trade for a Handysize tanker capable of carrying about 280,000 barrels of oil, jumped from …
Clean product tanker rates on US bound trade almost doubles after pipeline attack Read More »
Decarbonising shipping will require forward-thinking companies to take commercial decisions based on robust analysis of climate-related risks and opportunities driven by rapidly evolving ESG criteria. ‘Climate risk is investment risk’ is a truth now universally acknowledged. First coined by Blackrock’s Larry Fink in his influential letter to CEOs in January 2020, it has become a …
ESG rules, rather than IMO regulations, will nudge shipping to net zero Read More »
Aframax tanker earnings have been under significant pressure in Asia as China’s private-sector refiners put the brakes on Far East Russian ESPO Blend crude procurement amid maintenance and high inventories, but a surprise surge in demand for the medium sweet crude from trading firms and end-users in the US West Coast could lend much-needed support …
Leading maritime and industrial energy storage solutions experts, Sterling PlanB, today announced the appointment of a new European Head of Solutions, Jens-Christian Strate. Strate, who will be joining European operations in Copenhagen this May, will be responsible for managing the ongoing relationships with a number of Sterling PlanB’s key stakeholders, in the marine propulsion sector. …
CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships. The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU container ships. All five vessels are covered by …
CIT Serves as Sole Lead Arranger on $22 Million Financing for Container Ships Read More »
URGENT!!! – 2O – BULKER – 2200-2500 USD p/mPosition: 2OVessel: BulkerSalary: 2200-2500 USD p/mEmbarkation: ASAPDuration: 6 monthsRegion: WWRequirements:– good English,– good rank experience on same type of vessels. Interesados: cv@alphacrew.com
El tráfico de pasajeros de línea regular continúa en valores muy deprimidos Entre enero y marzo inclusive, los puertos de titularidad estatal movieron, en conjunto, un 3,0% menos de mercancías respecto al mismo periodo de 2020, totalizando 126,6 millones de toneladas (Mt). Si comparamos con el primer trimestre de 2019, anterior a la pandemia, el …
Los graneles líquidos cayeron un 11,6% en el primer trimestre de 2021 Read More »
Carbon capture utilization and storage or CCUS has gained momentum as a topic of global interest in the last couple of years as energy transition talks and plans intensified, especially in the offshore energy and maritime industries. Carbon capture is a process where the greenhouse gas carbon dioxide (CO2), the key contributor to global warming, …
Spotlight on major projects in carbon capture realm Read More »
After a 21-year period in the North Sea, Teekay’s Petrojarl Banff FPSO has completed its final voyage and is now moored alongside the Modern American Recycling Services Europe (MARS) quayside in Denmark in preparation for green recycling. Petrojarl Banff FPSO; Source: Teekay Following its departure from the CNR International’s Banff and Kyle fields in the …
After 21 years in North Sea, Petrojarl Banff FPSO ready for recycling – gallery Read More »
