Puerto Valparaíso inicia proceso de consulta al TDLC por modelo de operación con un terminal …
Trámite en Tribunal de Defensa de la Libre Competencia busca fomentar la competencia entre operadores nacionales e internacionales
Baltic index posts gains as capesize rates rise
The Baltic Exchange’s dry bulk sea freight index rose on Friday, buoyed by gains across the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 44 points to 1,495 points. The capesize index rose 154 points to 2,316 points. Average daily earnings for capesize vessels, which typically …
Tertiary Students Present Winning Proposals to Harness Technology to Advance Maritime Sustainability and Enhance the Well-Being of Seafarers at the MaritimeONE Case Summit 2024 Grand Finals and Awards Ceremony
At the MaritimeONE Case Summit (MCS) 2024 Grand Finals and Awards Ceremony held last evening, the winning teams for the respective challenge statements issued by sponsoring companies–CMA CGM, Pacific Carriers Limited, Petredec Global and TotalEnergies Marine Fuels–were announced. Following the prize presentation, the champion teams presented their innovative proposals addressing industry challenges that ranged from …
Container vessel orders up by over 50% in 2024
Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023 according to a new report by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical. The report, titled ‘Golden Age: Container shipping’s post-covid …
FBX Index October 2024: Market summary
The Freightos Baltic Global Index decreased by 28% in October compared to the end of September to $3,300/FEU as the pull forward of peak season demand to earlier than usual in the year has led to volumes easing earlier than usual. However, Red Sea diversions’ drain on capacity is still keeping these prices about triple …
FBX Index October 2024: On track for a new early peak
The US East Coast port strike only lasted for three days, yet the ripple effects from the strike will be felt until mid-November. The resultant pile-up of vessels with cargo to be handled was mainly taken care of within the first three weeks of the strike. However, the ripples related to the vessels themselves spread …
FBX Index October 2024: On track for a new early peak Read More »
Trump could harden Iran oil stance but struggle to stem flow to China, analysts say
Former President Donald Trump’s return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran’s top crude customer, to cooperate, analysts said. Cracking down on OPEC-member Iran would support global oil prices, but the effect could also be …
Trump could harden Iran oil stance but struggle to stem flow to China, analysts say Read More »
HT PEM fuel cell veteran joins Blue World Technologies
With the announcement of Morten Hougaard Sørensen entering the Chief Business Development Officer role at Blue World Technologies, the company is taking an additional step in strengthening its commercial focus. Having worked in the fuel cell industry since 2006 and specifically within the HT PEM technology since 2008, Morten has a strong technical background and …
HT PEM fuel cell veteran joins Blue World Technologies Read More »
ETF Urges Stricter Regulations and Accountability for Shadow Fleet Operations
The European Transport Workers’ Federation (ETF) is calling for urgent action to combat the rise of so-called “shadow fleets,” which continue to operate outside international norms, undermining basic worker protections, environmental safeguards, and maritime safety regulations. These fleets, comprising vessels with obscure ownership and frequently shifting registries, expose serious flaws in international shipping practices by …
ETF Urges Stricter Regulations and Accountability for Shadow Fleet Operations Read More »
Asia Fuel Oil-Spot 380-cst premiums slip for first in 5 weeks; Hi-5 narrows
Asia’s 380-cst high sulphur fuel oil (HSFO) cash premiums slipped for the first time in five weeks, tracking the persistently lower offers in the trading window despite slightly positive market expectations going into December. Cash premiums for the fuel were almost 30% lower week on week at $10.25 per metric ton, though deals were scant …
Asia Fuel Oil-Spot 380-cst premiums slip for first in 5 weeks; Hi-5 narrows Read More »