Australian energy giant Woodside saw its quarterly revenues drop, affected by the low oil price environment and the coronavirus pandemic, despite record-high output in the second quarter of 2020. Delivered record production of 25.9 MMboe, up 7 per cent from 1Q 2020, contributing to record first-half output of 50.1 MMboe, up 28 per cent from …
World trade has suffered a severe blow. Shipyards are sitting idle, and SMM, the leading international maritime trade fair, had to be rescheduled: The economic consequences of the coronavirus pandemic have sent shock waves through the shipping industry. How will shipowners, yards and suppliers find their way out of the crisis? Will the virus change …
The Cayman Islands Shipping Registry has once again been recognised across all the major international Memoranda of Understanding (MOU) on Port State Control, demonstrating the flag’s commitment to quality and its excellent ship safety and pollution prevention record, according to a press release from the registry on Monday. The flag’s outstanding Port State Control Record …
Cayman’s Shipping Registry maintains low-risk status Read More »
The Cyprus Shipping Chamber wants the new junior minister for shipping to speed up reforms of the maritime sector and ministry restructure to make it more competitive as a key pillar driving the economy. Vassilis Demetriades, sworn in on Friday as the new Shipping Deputy Minister after his predecessor Natasa Pilides took over the Energy …
Shipping chamber urges Cyprus to speed up reforms Read More »
Weilbach, Vento Maritime and Force Technology previously dealt with their customers separately, but these three suppliers of the marine industry have just sent a joint digital route optimisation solution to the market. They want their collaboration to lay a stronger groundwork for sales to shipping industry markets in Denmark and abroad. “Each of us was …
OPEC, Russia, and other oil producers are set to meet on Wednesday to decide on the oil output policy from August onward. It is expected that the Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, could ease supply curbs as the global economy is easily recovering from the coronavirus hit. …
All eyes on OPEC meeting with production cuts on the agenda Read More »
Shipping demand has fallen notably and spot freight rates on some routes are under pressure on the back of good availability of open space and a sluggish recovery post-lockdowns in many chemicals markets. The shipping market is also entering, a little earlier than usual, the period of summer lull. A crash in demand for clean …
Global spot freight rates under pressure as chems shipping demand slows further Read More »
The sharp fall in Medium Range, or MR, tanker rates to an all-time low along with a sizable discount to Long Range, or LR tankers has prompted several charterers to either split cargoes or directly move smaller parcels from the Middle East and India to North Asia, several market participants said. Naphtha traders are making …
Traders split naphtha cargoes onto MRs to capitalize on weaker freight Read More »
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
