The US government is intensifying its focus on China’s economic practices, with a new investigation targeting China’s dominance in maritime logistics and shipbuilding. The move, which could result in significant fines and unprecedented restrictions on the shipping industry, has sent ripples of concern throughout global trade circles. Writing in an article this week, ING economists …
The latest FOBAS Fuel Insight Report highlights rising biofuel uptake, ongoing issues with off-specification fuels and the impact of new regulatory measures. The latest analysis from Lloyd’s Register’s Fuel Oil Bunkering Analysis and Advisory Service (FOBAS) highlights a significant increase in biofuel usage, primarily driven by EU and IMO regulations, including the Mediterranean SOx (Sulphur …
Significant increase in biofuel usage to meet GHG reduction targets Read More »
Commenting on the results for the year, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “Our Group has delivered strong results this year, driven by our shipping activities. Our logistics business has also performed well, supported by the strategic investments made in recent years. In 2025, in a context of …
Asia’s very low sulphur fuel oil (VLSFO) cash premiums rebounded after the past few sessions of losses, tracking a slight recovery in prompt paper markets despite persistently limited window activity. VLSFO premiums closed at around 40 cents per metric ton on Friday, recovering 15 cents from the previous trading session though levels were still lower …
VLSFO cash premiums rebound; spot window liquidity stays thin Read More »
Frontline plc reported unaudited results for the three and twelve months ended December 31, 2024: Highlights Profit of $66.7 million, or $0.30 per share for the fourth quarter of 2024. Adjusted profit of $45.1 million, or $0.20 per share for the fourth quarter of 2024. Declared a cash dividend of $0.20 per share for the …
Frontline Expects Lower Spot Tanker Rates for the Full First Quarter of 2025 Read More »
The shipping industry, responsible for transporting over 80% of the world’s traded goods, faces significant challenges in reducing its carbon footprint. As a financier of top-tier international ship owners, ING wants to play a leading role in accelerating transition to a low-carbon future. We aim to do this in three ways: by engaging with our …
Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for a leading oil & gas company. The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe …
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, Friday announced the results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2024. Stable Financial Results Mr. Martin Fruergaard, CEO of Pacific Basin, said: “In 2024, we generated an underlying profit of US$114.1 million, a …
Pacific Basin Confident About Dry Bulk Market’s Long Term Prospects Read More »
Fornebu, 27th February 2025, Ocean Yield AS publishes its fourth quarter 2024 results, the 2024 Annual Report and ESG Report for 2024. The results and management comments for the fourth quarter can be found on pages 90-96 in the Annual Report. HIGHLIGHTS FOR Q4 2024 EBITDA for Q4 2024 was USD 49.7 million and Adjusted …
Cristina PUCHADES RAMOS Licenciada en Administración y Dirección de Empresas (UV) Máster Internacional en Administración Marítima y Portuaria (IMBS) ESPAÑA …/… 6. CAMBIO CLIMÁTICO Y NECESIDAD DE TOMAR MEDIDAS La contaminación producida por los buques y puertos ayuda a generar un cambio climático desfavorable para la Tierra. El cambio climático se refiere a la alteración …
La evolución de los buques y puertos hacia una eficiencia más sostenible (y II) Read More »
