Baltic index hits near two-year low on weaker rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses to a nearly two-year low on Tuesday, pressured by a dip in rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 15 points to 746 …

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WAF VLCC tanker rates slide as sanctions-driven sentiment boost proves fleeting

Freight rates for Very Large Crude Carrier voyages loading in West Africa have slumped in the final decade of January after news of additional US sanctions on the dark fleet drove the market to multi-month highs. Sources noted that supply-demand fundamentals have been insufficient to keep sentiment at the higher levels seen earlier in the …

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Norton Rose Fulbright advises Bibby Marine on financing to support construction of zero emission vessel

Global law firm Norton Rose Fulbright, working in conjunction with leading Spanish law firm Uría Menéndez, has advised Bibby Marine on a financing package with HSBC UK to support the development of its previously announced zero emission electric Commissioning Service Operation Vessel for servicing offshore windfarms. The multi-million euro financing made available by HSBC UK …

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Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs

Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data. Washington imposed fresh sanctions on Jan. 10 targeting Russia’s oil supply chain, causing tanker freight rates …

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Amphitrite Rides AI Wave to Boost Maritime Shipping, Ocean Cleanup With Real-Time Weather Prediction and Simulation

Named after Greek mythology’s goddess of the sea, France-based startup Amphitrite is fusing satellite data and AI to simulate and predict oceanic currents and weather. It’s work that’s making waves in maritime-shipping and oceanic litter-collection operations. Amphitrite’s AI models — powered by the NVIDIA AI and Earth-2 platforms — provide insights on positioning vessels to …

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HFW Continues To Strengthen Leading Ports & Terminals Practice With Senior Real Estate Hire

Global, sector-focused law firm HFW has continued to strengthen its market-leading ports & terminals practice with the hire of senior real estate expert Christian Taylor in London. Christian has been a law firm partner for 20 years and advises clients across the ports & terminals sectors on a wide range of issues, from landlord and …

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La APA invertirá 2,5 millones de euros en reparar la costa y el vial de acceso al Puerto de Carboneras

La Autoridad Portuaria de Almería licita las obras, con un plazo de ejecución de 12 meses, para atender los problemas de erosión sufridos en el tramo costero al sur del puerto carbonero. Después de que el pasado año la Autoridad Portuaria de Almería (APA) acometiera lasactuaciones de emergencia para la defensa y protección del frente …

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Técnico/a Mantenimiento en Maquinaria Pesada – Sector Portuario – 2 plazas

Jornada Tiempo parcial Tipo de contrato Temporal Experiencia De 2 a 5 años Localidad Santurtzi Num. Vacantes 2 Referencia 3B6E8D5A-9E38-264C-FEC2-E291A12CA9EA Técnico/a Mantenimiento en Maquinaria Pesada en Santurtzi, España La entrada Técnico/a Mantenimiento en Maquinaria Pesada – Sector Portuario – 2 plazas se publicó primero en Actualidad Marítima y Portuaria.

Imabari Shipbuilding sets sights on alternative-fueled engines through new acquisition

Japanese major Imabari Shipbuilding has decided to acquire shares in compatriot marine equipment manufacturer Daihatsu Diesel Corporation in a bid to contribute to the development of alternative-fueled engines. The post Imabari Shipbuilding sets sights on alternative-fueled engines through new acquisition appeared first on Offshore Energy.

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