Asian spot prices for liquefied natural gas (LNG) and shipping rates to carry the super-chilled fuel soared to unusual highs this week on the back of strong demand to restock gas inventories in Europe and Asia, industry sources said. Unipec Singapore sold a liquefied natural gas (LNG) cargo for June 3-7 delivery to BP at …
LNG spot price, tanker rates jump on global restocking demand Read More »
Long-term contracted ocean freight rates are continuing their dizzying ascent, with a 4.1% climb in April leaving container shipping costs up 21.1% year-on-year, with a rise of 23.5% since December 2020. According to the latest market intelligence from Xeneta’s Shipping Index Public Indices report for the long-term contract market, prices escalated across all major global …
Marine consulting and safety specialists AMS Global Group is opening a hub in Malta in partnership with integrated logistics support and services group, Medserv plc. AMS Global Group will offer its full range of services from the Malta Freeport at the Port of Marsaxlokk from 1st May. The new hub will be co-located on Medserv …
AMS Global Group sets sail for the Mediterranean Read More »
Wikborg Rein, an international law firm headquartered in Oslo, has appointed Eleanor Midwinter as a Partner in the London office. Since joining the firm in February 2017, Eleanor has played a key role in consolidating the firm’s offering within international trade, energy and shipbuilding. She is also part of the firm’s “Green Team” – an …
Wikborg Rein appoints international trade lawyer Eleanor Midwinter as Partner in London Read More »
MABUX World Bunker Index increased during the week. The 380 HSFO index has increased from 417.92 USD/MT to 423.68 USD/ MT (+5.76 USD), VLSFO has added 13.32 USD: from 505.80 USD/MT up to 519.12 USD/MT. MGO LS increased by 12.97 USD from 580.90 USD/MT to 593.87 USD/MT. The Global Scrubber Spread (SS) – the difference …
A key International Maritime Organization project — the Global MTCC Network, or GMN, which aims to improve energy efficiency in the maritime sector and support the reduction of GHG emissions from shipping in developing countries through regional maritime technology cooperation centers, has been extended by an additional nine-months to March 31, 2022. The extension will …
IMO’s GMN project extended to help developing countries curb GHG emissions Read More »
A shipping firm planning to specialise in smaller cargo vessels has this morning announced plans for a $250m (£180m) London listing. Taylor Maritime Investment (TMI) said it would use the proceeds from the float to buy a fleet of two dozen ships in the “handysize” and “supramax” classes. These types of vessel, which can carry …
Global trade association Interferry has welcomed European Union (EU) plans for a voluntary Digital Green Certificate (DGC) to facilitate safe travel during the COVID-19 pandemic. Interferry, representing ferry operators worldwide, is now urging other countries to consider something similar for international travel in time for the peak summer season. The DGC proposal was announced last …
Interferry supports EU’s initiative for COVID-safe international travel Read More »
The Wärtsilä 20 engine fitted with a Wärtsilä NOx Reducer (NOR) is undergoing certification testing for compliance with China’s Stage II emissions standard. © Wärtsilä Corporation The technology group Wärtsilä will introduce a combined engine plus selective catalytic reduction (SCR) packaged product aimed at complying with China’s Stage II marine engine emission standard that enters …
Courses consolidated in Ocean Learning Library Over the past 12 months, here at Ocean Technologies Group we have been reviewing and consolidating all of Videotel’s and Seagull’s certified eLearning courses into the new Ocean Learning Library. 54 of our most popular have been consolidated with each course designed, as ever, to make seafarers safer and …
Consolidating courses for user friendly, secure certification Read More »
