Less than seven weeks remain to agree a new pay deal and avert union strike action at US East and Gulf Coast ports – meaning time is now up for shippers to take decisive action to protect supply chains. The current pay deal with the International Longshoremen’s Association (ILA) expires on 30 September, with strike …
On 16 August 2024, the naming and delivery ceremony of the first two China-built offshore wind power SOVs (Service Operation Vessels) ‘ZHI ZHEN 100’ and ‘ZHI CHENG 60’ was held in Qidong, China. The two SOVs were delivered by Shanghai Zhenhua Heavy Industries Co., Ltd. to Shanghai Electric Wind Power Group Co., Ltd., with Schulte …
Naming and delivery ceremony of China’s first two offshore wind power SOVs held Read More »
Capesize This week the capesize market saw a strong start in the Pacific, with consistent activity from all three major miners driving rates upward. Early in the week, the C5 index showed solid gains and this positive momentum continued through to Wednesday as rates climbed steadily, with the C5 index reaching $11.03. There were also …
From Capesize Peaks to Handysize Flats: A Comprehensive Market Review Read More »
Vehículos arribaron a bordo de la “Rui Ning” y fueron desembarcados por una grúa móvil Gottwald
El primer buque de carga rodada de BYD, el EXPLORER NO.1, recala por primera vez en un puerto español El buque ha traído 1.000 unidades del BYD SEAL U DM-i destinadas al mercado nacional Gracias al rápido crecimiento de BYD en el mercado español, éste es el primero de los continuos viajes que hará el …
1. Introduction The maritime industry continues to evolve, with operational performance enhancements aimed at improving safety, efficiency, crew wellbeing, and environmental stewardship. Inspections provide a trusted mechanism to uphold standards and support proactive and effective risk reduction toward zero harm. Inspection programs such as the Oil Companies International Marine Forum’s (OCIMF) Ship Inspection Report Programme …
Enhancing Dry Bulk Vessel Performance Through Regular Inspections Read More »
The Baltic Exchange’s main sea freight index marked its first weekly gain in five on Friday, helped by higher rates for capesize vessel segment. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, fell 1 point, or 0.1%, to 1,691. * The capesize index .BACI lost 5 points, …
Baltic set for first weekly gain in five on strong capesize demand Read More »
“In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize and soya bean harvests in September. Water levels in the Mississippi …
US grain exports seen rising 12%, but sailing distances could shorten Read More »
During Week 33, the MABUX global bunker indices resumed a moderate upward trend, marking the first increase in four weeks. The 380 HSFO index rose by USD 13.13: from USD 516.68/MT last week to USD 529.81/MT, once again surpassing the USD 500 mark. The VLSFO index increased by USD 16.40 (USD 631.09/MT versus USD 614.69/MT …
Bunker price trends in the world’s four largest hubs Read More »
A joint study by TMS Tankers Ltd and DNV explored the feasibility of retrofitting a liquid-absorption-based carbon capture and storage system on a Suezmax tanker. The study revealed complex system interdependencies and yielded valuable insights. Introduction – Baseline vessel The study explored how on-board carbon capture and storage (OCCS) technology could be deployed on an …
On-board carbon capture and storage equipment feasibility study Read More »
