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Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say

Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said. Indian refiners continue to buy Russian oil despite punitive U.S. tariffs on goods imported from India after it defied a demand for it …

Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say Read More »

Shippers in the driving seat to secure better 2026 ocean contracts after reversal of trend

As the inflationary pressures on freight rates—stemming from Red Sea disruptions, front-loading and tariff-related issues—begin to ease, shippers are likely to negotiate more favourable contract rates and improved terms with carriers and forwarders for 2026. The Drewry East-West Contract Rate Index – an average of contract rates paid by over 100 multinational shippers on 17 …

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Marine battery maker AYK Energy Wins Contract for World’s First Electric Intercontinental Fast Ferries

Marine battery manufacturer AYK Energy has won a groundbreaking contract to power the world’s first fully electric intercontinental fast ferries between Europe and Africa. Spanish ferry operator Baleària will operate the two catamaran ferries solely on electric propulsion throughout the 18-mile voyage between Tarifa in the south of Spain and Tangier, Morocco at speeds of …

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MOL Tabletop Drill Hones Response to Serious Marine Incident- Scenario Has Oil Spill Incident Involving Cargo Handling Equipment on Cargo Transfer Vessel

Mitsui O.S.K. Lines, Ltd. announced that on October 6, it conducted a tabletop drill based on a simulation of a marine accident involving a cargo transfer vessel (CTV, Note 1) owned by SeaLoading Holding AS (SeaLoading; CEO: Yoshiaki Kubo), an MOL group company. During the drill, MOL confirmed emergency coordination with its group company based …

MOL Tabletop Drill Hones Response to Serious Marine Incident- Scenario Has Oil Spill Incident Involving Cargo Handling Equipment on Cargo Transfer Vessel Read More »

La fragata “Santa María” y los cazaminas “Segura” y “Turia” visitan Barcelona

Con motivo de la celebración del Salón Náutico Del 8 al 12 de octubre se celebrarán jornadas de puertas abiertas en las que se podrán visitar los buques en el muelle de Barcelona Norte. Coincidiendo con la celebración del Salón Náutico de Barcelona, harán parada en el puerto de la capital catalana, en el muelle …

La fragata “Santa María” y los cazaminas “Segura” y “Turia” visitan Barcelona Read More »

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