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Uruguay: Autoridad Nacional de Puertos inaugura nuevas obras en el Puerto de Paysandú

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 …

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Baltic index up for 20th session on stronger vessel demand

The Baltic Exchange’s main sea freight index extended gains for a 20th straight session on Thursday, on firmer rates across all vessel segments. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, gained 33 points, or 1.9%, to 1,738, its highest …

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Shipping Number of the Week: Chinese petroleum product exports drop 51% in May

Exports of refined petroleum products from China declined by 51% month-on-month in May as the COVID-19 pandemic kept oil demand firmly depressed. Total volumes of refined petroleum products in May amounted to 3.8 million (m) tonnes, a glaring contrast to the 8m tonnes exported in April. Jan-May export volumes are up 10% compared to the …

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Can dry bulk woo stock gamblers who bet on tankers?

Dry bulk was where day traders placed their bets back in the day, in the mid-2000s, but this year, traders on Robinhood and other retail platforms have instead put their chips on floating storage and stocks like Nordic American Tankers (NYSE: NAT). Here’s the emerging dry bulk shipping pitch: Dry bulk stocks trade in relatively …

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Oil fundamentals are tightening and prices rising, but if and when will we see $400 or even $500 VLSFO prices

We are now around 4 months into this global pandemic, and in the analysts’ world ideas about oil demand and how it may rebound are converging. In midApril we did a webinar reflecting the wide range in expectations of the collapse in global oil demand and how quickly it may recover. At that time views …

Oil fundamentals are tightening and prices rising, but if and when will we see $400 or even $500 VLSFO prices Read More »

Shipping, aviation 2030 climate goals too weak, research finds

The international shipping and aviation sectors’ 2030 climate targets are too weak and their emissions are on course to reach dangerous levels despite the impact of the COVID-19 pandemic, research showed. To limit the temperature rise to safe levels, global carbon dioxide (CO2) emissions need to be reduced to net zero by 2050. Shipping and …

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Offshore energy industry navigating 100-year-old US law

Section 27 of the U.S. Merchant Marine, sponsored by Senator Wesley L. Jones and enacted in June 1920, requires vessels traveling between any two U.S. points to be U.S.-manufactured, -owned, -flagged, and -crewed (with some exceptions). This has become a stumbling stone for the offshore energy industry 100 years after the law was enacted, and …

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Pipelaying work complete on Energean’s Karish field

Oilfield services provider TechnipFMC has completed pipe laying works and subsea systems installation on Energean’s Karish located offshore Israel. [embedded content] Energean said that its partner, TechnipFMC, completed the laying of the gas sales pipeline and the main deepwater installations of the subsea production systems on time. Solitaire completed the core installation of a 30’’ and …

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Site investigation at Sofia offshore wind project enters final stretch

Fugro has commenced the final phase of the pre-construction site investigation at innogy’s Sofia offshore wind project in the UK. Jack-up vessel Haven Seariser 2 will work in the nearshore area between Redcar and Marske-by-the-Sea from this week to conclude the six-month offshore site investigation. The 29-meter vessel will carry out borehole surveys for approximately a …

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Amprion shares European offshore wind network vision

German transmission system operator Amprion has presented a concept for connecting offshore wind farms across Europe. The Eurobar (European Offshore Busbar) concept aims to integrate offshore wind power into the European power grid so that it makes the best possible contribution to climate objectives in Germany and Europe. The nations bordering the North Sea are …

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