The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose to its highest in over a week on Thursday, steered by higher rates across all vessel segments. The Baltic dry index rose 19 points, or 1.7%, to 1,134, a peak since Nov. 11. The capesize index went up …
Higher rates across vessels propel Baltic index higher Read More »
The combination of market mechanisms and regulatory instruments will be the defining feature of shipping’s journey to decarbonization. Though regulation remains critical to implementation, the drive from the industry will accelerate the process. In both cases though, perceptions about zero carbon fuels need to be aligned with reality. Some options will never scale or be …
Shipping should seize the opportunity of low carbon Methanol Read More »
va-Q-tec, a pioneer of highly efficient thermal containers and boxes for temperature-controlled logistics, announces the successful conclusion of a comprehensive agreement with one of the largest pharmaceutical manufacturers for the international distribution of a coronavirus vaccine. This probably makes the company the first in the thermal container sector to agree a confirmed partnership for large-scale …
Key Europe to Asia naphtha arbitrage shipments were largely stable in November compared with October, and volumes for the upcoming December-loading program could rise amid a firm Asian market in January, though shipowners favoring short haul routes could throw a spanner in the works, market participants said. November-loading Europe to Asia naphtha arbitrage fixtures totaled …
Europe’s Dec naphtha arbitrage limited by shipowner interest; Asia firm for Jan arrivals Read More »
Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the “Company” or “Golden Ocean”), a leading dry bulk shipping company, yesterday announced its results for the quarter ended September 30, 2020. Highlights ▪ Net income of $39.1 million and earnings per share of $0.27 for the third quarter of 2020 compared with net loss of …
Golden Ocean Says it Benefits From Focus On Larger Bulkers Read More »
Norway’s Havyard Group has decided to create a separate company in an effort to meet market demand for its complete hydrogen system for ships. As informed, Havyard expects to have the first system ready for approval in principle next year, and its know-how and expertise will now be brought together in the newly formed company …
Togo-flagged bunkering vessel Stelios K has been hijacked while en route to Lagos, the UK-based maritime security firm Dryad Global said on Tuesday. According to the latest information from today, the attackers remain on board and local authorities continue to negotiate the release of the vessel and its crew. “It is understood that the crew …
Dryad Global: Bunkering vessel hijacked, talks underway to release ship and its crew Read More »
The Green Jade floating heavy lift installation vessel, owned by CSBC-DEME Wind Engineering (CDWE) and currently under construction at CSBC shipyard in Kaohsiung, will be equipped with a system for recovery of green electricity from the waste heat of its engines. German company Orcan Energy, specialising in technology for conversion of waste heat into electricity, will …
Green Jade to put waste heat from its engines to use Read More »
Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels. Image Courtesy: Golden Ocean Signed this month, the new $304 million term loan and revolving credit facility was entered into with six shipping banks, five of which were …
Golden Ocean unveils major refinancing deal, returns to black in Q3 Read More »
Offshore drilling contractor Transocean has been awarded contract extensions for two of its drillships that have been working for Petrobras. Transocean said on Wednesday that Petrobras had exercised a 680-day preexisting, fixed-price option for the Deepwater Corcovado, and an 815-day preexisting, fixed-price option for the Deepwater Mykonos drillship. Together these contract extensions add approximately $297 …
Transocean adds $297 million to backlog as Petrobras extends two drillships Read More »
