“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has grown older on average since 2018,” says Niels Rasmussen, …
Crude tanker fleet renewal to accelerate as order book/fleet ratio hits 9-year high Read More »
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a near two- month high on Wednesday, driven by gains across all vessel segments. * The main index BDI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 44 points, or 2%, to …
Baltic index hits near two-month high on gains across all vessel segments Read More »
This was a dispute relating to mergers and acquisitions (M&A) advisory work carried out in respect of the merger of two crude oil tanker operators. The Court dismissed the advisory company’s claim in restitution for more than US$11.5 million for services it provided in connection with the transaction which it claimed went beyond the scope of …
Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has been in use since 2008. Users can see the constituent parts of the standard calculation, including income lines, …
The new EU guideline outlines procedures for verifying actual methane slip emissions from marine diesel engines. The verified emission factors may already be applied for the 2025 FuelEU Maritime reporting year and offer a strategic opportunity to positively impact compliance calculations – potentially lowering penalties and enhancing the financial viability of LNG-fuelled vessels. More about …
EU guideline for reporting and verifying actual methane slip for FuelEU and EU MRV/ETS Read More »
With or without the IMO Net Zero Framework, LNG remains a viable transition pathway towards decarbonisation and, with X-DF technology, ultra-low air pollution. Going into the extraordinary session of IMO’s Marine Environment Protection Committee in mid- October, many in the industry had high hopes that the Net Zero Framework (NZF) would be adopted. WinGD was …
Where next for LNG fuel after IMO carbon pricing pause? Read More »
Luis Planas defenderá los intereses del sector e insiste en no asumir reducciones adicionales en el Mediterráneo por los esfuerzos realizados ya por el sector y su situación límite El ministro anuncia que presentará, junto a Bélgica, Francia, Italia, Países Bajos y Portugal, una propuesta conjunta para solicitar a la Comisión Europea la revisión de …
España pedirá a la Comisión Europea propuestas satisfactorias para la flota española Read More »
Alejandro Martínez y Didac Costa, ganadores de la regata Santiago Amat – Campeonato de Catalunya mini 6.50 El Equipo Navegación Oceánica sigue dando pasos en su construcción con el objetivo puesto en el cruce del Atlántico 2027 Un triunfo que coincide con una nueva alianza para impulsar la formación y la náutica oceánica en Catalunya …
Alejandro Martínez y Didac Costa, campeones de Catalunya mini 6.50 Read More »
San Antonio Terminal contará con 4 servicios cherry express a disposición de los exportadores nacionales. Este martes, San Antonio Terminal Internacional (STI) junto a Frutas de Chile, dieron inicio a una nueva temporada de exportación de cerezas vía marítima, con un aumento en el número de naves disponibles (32), lo que permitirá mayor frecuencia, cobertura …
Ørsted has completed the 2025 foundation installation campaign at the Sunrise Wind offshore project […] The post Cable installation work underway at Ørsted’s two US offshore wind farm sites appeared first on Offshore Energy.
