Once upon a time, believe it or not, stock investors were obsessed with dry bulk shipping. A repeat of such seemingly Bizarro World behavior could be a long way off. Rates for Capesize bulkers (vessels with capacity of around 180,000 deadweight tons) fell yet again on Wednesday, to $3,796 per day, according to the Baltic …
Dry bulk flounders as coronavirus threatens Brazilian exports Read More »
A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption worldwide. BP, Trafigura and Equinor have all tentatively fixed vessels this past week to carry U.S. crude to global destinations over the coming month, according to Refinitiv Eikon data and …
Flurry of U.S. crude export fixtures offers glimmer of hope Read More »
In a rare move, a 35,000 mt gasoline cargo is likely to be loaded by refining and trading multinational, Phillips 66 from South Korea with an option to discharge on the US West Coast, four shipping industry executives said separately Friday. The South Korea-Americas route is far more liquid for moving North Asian jet fuel …
TANKERS: Phillips 66 to move S Korea gasoline to USWC in rare move – sources Read More »
The European shipping industry fully welcomes the opinion adopted yesterday by the Committee on Transport and Tourism (TRAN) at the European Parliament. This opinion will be included in the final EP Recommendations on the negotiations for a new partnership between the EU and the UK of Great Britain and Northern Ireland to be voted in …
The UK Chamber of Shipping has succeeded in securing exemptions for seafarers and offshore workers from the requirement that persons arriving in the UK from 8 June 2020 self-isolate for 14 days upon arrival. UK Chamber of Shipping Chief Executive Bob Sanguinetti said: “We welcome the decision by the government to exempt seafarers, offshore and …
UK Chamber secures exemptions for seafarers and offshore workers from quarantine rules Read More »
Navigator Holdings Ltd. reported operating revenue of $81.3 million for the three months ended March 31, 2020, compared to $76.1 million for the three months ended March 31, 2019. A net loss of $8.5 million (or a loss per share of $0.14) for the three months ended March 31, 2020, which includes COVID-19 related foreign …
RINA’s shareholders met today in Genoa and approved the financial statements for the fiscal year ending 31 December 2019 showing an improvement when compared to the 2018 results. Net revenues for the year ending 31 December 2019 were 476 million Euros – an increase of 7.5% compared to the 443 million Euros in 2018. Net …
Solitaire start-up on Karish; Source: Allseas Allseas’ Solitaire pipelay vessel is now working on Energean’s Karish pipeline project located offshore Israel. Solitaire returned to Rotterdam in April after completing its job for Equinor on the Troll 3 project in the North Sea off Norway. It was the first time that the two Allseas-owned pipelay vessels, …
PHOTO: Allseas vessel up and running on Karish pipeline offshore Israel Read More »
As desk-based workers get to grips with new digital tools, current working conditions in all major business sectors have made one question more pressing than ever before – what do we mean when we talk about digital? In heavy industries, such as oil and gas, investments in automation has reduced dependency on human activity and …
Lean, clean, and digital: the future of subsea operations Read More »
Following a new research into the barriers to shore power in UK ports, the British Ports Association believes a Green Maritime Fund would be critical to making the initiative a reality. Shore power, also known as cold ironing, is the provision of shore-based electricity to ships at berth, allowing them to turn off their auxiliary …
BPA examines barriers to shore power in UK ports Read More »
