The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019. The …
Higher vessel rates lift Baltic index to 1-1/2-yr peak Read More »
Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more new ships are deployed, Fitch Ratings says. Global container shipping companies are benefiting from high freight rates, which will help strengthen their balance sheets and offset the impact from increased …
Global Container Freight Rates to Moderate as Ship Orders Rise Read More »
The container shortages that have been adding to logistics logjams in Asia and beyond are showing few signs of being resolved, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading of shipping containers. In China, average prices for used twenty-foot containers increased 94% between November 2020 …
Container Prices Surge In China And India As Supply Chain Blockages Tighten Supply Read More »
The X-gas Project is a series of innovative and unconventional, medium-capacity Liquified Gas / Gas bunkering tankers designed by KNUD E. HANSEN. The flagship design of the project is a 126.5 metre vessel with a total cargo capacity of 9,000 cubic metres, split between two Type C tanks. The platform, however, is highly customizable and …
X-Gas Project Leads the Charge in Next Generation sustainable fuel Transport & Bunkering Read More »
A global centre where those in the maritime industry can coordinate, research and make reducing shipping emissions a reality will be set up in Singapore, as part of recommendations by an international body to make shipping more environmentally friendly. More details on the global decarbonisation centre will be released later this week by the Maritime …
Global centre focused on reducing shipping emissions to be set up in Singapore Read More »
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the following are those we consider most relevant. Please refer to the glossary at the end to navigate the many acronyms and terms of art which necessarily feature in any discussion of …
US Dollar LIBOR Transition in asset finance – where are we now? Read More »
Continuamos avanzando con la consolidación del Plan Nacional de Desarrollo Portuario en su línea estratégica de modernizar la infraestructura en los Puertos. En el Puerto Internacional El Guamache durante el primer trimestre del año, avanzan distintas obras dirigidas a potenciar la prestación de servicios portuarios en la región. Destaca obras como la culminación de la …
Oficial ETO para Plataforma Jack Up autopropulsable ETO on JACK UP Should have 24 Months SPJUB in ETO RANK experience.Rotation : 6-8 Weeks ON / 4-6 Weeks OFF UnpaidJoining : Immediately once received PALSalary : Negotiable for right candidate crewing@marpocrew.com.ua
U.S. LNG project developer NextDecade and international environmental standards company Project Canary have launched a joint pilot project for monitoring and certification of the GHG intensity of LNG. Courtesy of NextDecade With this project, the companies want to enable LNG’s greenhouse gas (GHG) monitoring, reporting, and independent third-party measurement and certification. The pilot project will …
NextDecade, Project Canary premier GHG measurement framework Read More »
Engineers at the Manhattan College have made progress on the development of wave energy device that will be competing in the 2021 Marine Energy Collegiate Competition. Wave energy prototype in test tank (Courtesy of Manhattan College) In the autumn of 2020, a group of mechanical engineering students, led by Masoud Masoumi, a visiting assistant professor …
Manhattan College engineers prepping wave device for MECC 2021 Read More »
