The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped for the ninth straight session on declines in rates across all vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 7 points to 1,410 points. The capesize index fell 3 points …
Baltic index falls for ninth day on lower rates across vessels Read More »
This week’s focus highlights a decrease in vessel congestion at the port of Ras Tanura for dirty tankers, including VLCCs and Suezmax vessels. Port congestion metrics show a 25% decline on both a weekly and monthly basis. However, in contrast, port days metrics have recently risen by 25% on a weekly basis and by a …
The drive to decarbonize shipping requires robust safety measures to protect the lives of seafarers dealing with novel technologies and alternative fuels. Delegates representing the global maritime community gathered in Barcelona, Spain for the World Maritime Day Parallel Event (20 – 22 October), to focus on the challenges and opportunities faced by the industry as …
Safety a key concern in transition to net zero shipping Read More »
The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry, as it continues on its path to net zero. As part of the EU’s Fit to 55 package, FuelEU aims to accelerate the decarbonisation of maritime operations through increasingly stringent emission targets and penalties. A …
Russian President Vladimir Putin said his Turkish counterpart, Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents. Turkey and U.N. Secretary-General Antonio Guterres have long been seeking toget merchant shipping sailing more freely though the Black Sea, which in partshas becomea naval …
Putin to examine Black Sea shipping proposals from Turkey’s Erdogan Read More »
Drewry’s World Container Index decreased 4% to $3,095 per 40ft container this week. Our detailed assessment for Thursday, 24 October 2024 The Drewry WCI composite index decreased 4% to $3,095 per feu, which is 70% below the previous pandemic peak of $10,377 in September 2021, but 118% more than the average 2019 (pre-pandemic) of $1,420. …
The rise of LNG shipping emissions is worsening the climate crisis, and global financial institutions are fueling this problem. Our report, “Banking on a Climate Shipwreck,” reveals how major banks are investing billions into liquefied natural gas (LNG) in the maritime sector, locking shipping into fossil fuel dependency. Key Findings on Maritime LNG Financing Our …
LNG Shipping Emissions: A Growing Climate Crisis Read More »
Cracks for high sulphur fuel oil (HSFO) extended gains on Friday, while 0.5% low sulphur fuel oil (VLSFO) cracks dropped amid a flurry of selling interest, trade sources said. Singapore 380-cst HSFO cracks closed at discounts of about $2.60 a barrel, maintaining at more than two-year highs. The market received a boost amid a tighter …
Asia Fuel Oil-HSFO cracks extend climb, while VLSFO sells off Read More »
La campaña de la ITF contra las banderas de conveniencia da un gran paso adelante al establecer un nuevo estándar para los derechos y las condiciones laborales de la gente de mar a nivel internacional. La Política de Marrakech, aprobada hoy en la Conferencia Conjunta de las Secciones de Gente de Mar y Portuaria de …
La Dirección General de la Gente de Mar (DGGM), de la Autoridad Marítima de Panamá (AMP) recibió la visita de los miembros de la Junta Directiva del Colegio Nacional de Gente de Mar (CONAGEMAR), con la finalidad de colaborar en beneficio del personal que opera en los sectores marítimo, logístico y portuario del país. Durante …
AMP y CONAGEMAR analizan iniciativas para el bienestar de la gente de mar panameña Read More »
