NYK has been recognized for the company’s participation in the 2023 Protecting Blue Whales and Blue Skies vessel speed reduction (VSR) incentive program along the West Coast of North America, a collaborative effort sponsored by the National Marine Sanctuary Foundation,* among others. For a second consecutive year, NYK achieved the Sapphire tier, the top ranking …
Cash premiums for fuel oil continued to ease in Asia on Friday as offers dipped further, though downstream bunker premiums retained support this week. Singapore bunker premiums for very low sulphur fuel oil (VSLFO) held above $25 per metric ton to cargo quotes, as prices remain elevated due to limited supply for prompt delivery dates, …
Asia Fuel Oil-Cash premiums extend slide but bunker prices hold Read More »
Matson, Inc., a leading U.S. carrier in the Pacific, today reported net income of $113.2 million, or $3.31 per diluted share, for the quarter ended June 30, 2024. Net income for the quarter ended June 30, 2023 was $80.8 million, or $2.26 per diluted share. Consolidated revenue for the second quarter 2024 was $847.4 million …
Matson, Inc. Announces Second Quarter 2024 Results Read More »
Mitsui O.S.K. Lines, Ltd. has been awarded an approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for the design of a membrane LNG Carrier installing Wind Challenger (Note 1). This innovative design has been jointly developed by MOL and Hanwha Ocean Co., Ltd. (CEO & Vice Chairman: Kwon Hyek Woong; Head Office: Geoje-si, Korea) …
In July 2022, technology group Wärtsilä announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. The production activities in Trieste have since been discontinued, with manufacturing volumes centralised in Vaasa. Now, Wärtsilä and Mediterranean Shipping Company (MSC) have agreed on a transaction of …
Wärtsilä to transfer its manufacturing site in Trieste, Italy to shipping company MSC Read More »
Nippon Yusen Kabushiki Kaisha (NYK) participated in International & Indonesia CCS Forum 2024 from July 31 to August 1, an event to promote international discussion and cooperation on carbon dioxide (CO2) capture and storage (CCS)* technology. This was NYK’s first participation in this forum, held for a second consecutive year in Jakarta, Indonesia. Supported by …
Ocean Network Express (ONE) released the financial result for FY2024 1st Quarter (from April 2024 to June 2024). The revenue for FY2024 1st quarter was US$4,211million, up 12% from the same quarter of the last year, with net profit of US$779million (YoY +US$266million). Cargo movements have improved due the increased consumer spending in North America …
Ocean Network Express released Financial Result for FY2024 1st Quarter Read More »
En el séptimo mes del año, el VCFI se ha situado en 1.835,95 puntos, descendiendo respecto al mes anterior un -3,01% pero acumulando un crecimiento del +3,1% desde inicios de año Según señala el Comentario del VCFI, durante el mes pasado los puertos europeos han experimentado una leve caída en sus tráficos que se ha …
El Valencia Containerised Freight Index (VCFI) decrece en julio un -3,01% Read More »
The World LNG Summit & Awards is the premier meeting place for the most senior energy leaders from across the global value chain to discuss and define the crucial role that LNG and gas will play in delivering energy security, economic stability, and the ongoing drive for decarbonisation. Now in its 24th year, it will …
El director de la Cátedra, Francisco Toledo, y el jefe de la Unidad de Innovación de PortCastelló, Bernat Ibáñez, participan en el nuevo episodio de la serie de podcasts del Parque Científico y Tecnológico de la UJI La transformación digital del sistema portuario, la capacitación de los profesionales y las repercusiones de nuevas normativas centraron …
