Drewry’s World Container Index increased 7% to $5,117 per 40ft container this week. Our detailed assessment for Thursday, 20 June 2024 The composite index increased 7% to $5,117 per 40ft container this week and has increased 233% when compared with the same week last year. The latest Drewry WCI composite index of $5,117 per 40ft …
The first liquefied natural gas (LNG) tanker since January is sailing through the Red Sea, just days after Yemen-based Houthi militants sank their second vessel in attacks begun last November. The vessel, Asya Energy, passed Yemen, travelling through the Bab al-Mandab Strait on Tuesday, shiptracking data from LSEG and Kpler showed, the same week that …
Rare LNG vessel sails through Red Sea amid Houthi attacks, data shows Read More »
Spot premiums for very low sulphur fuel oil (VLSFO) softened in Asia on Friday, while the market eyed cautious demand for bunkering following a recent oil spill in Singapore. Broader bunkering operations remained largely unaffected, market sources said, though demand was slow during the week. Marine fuel suppliers were reminded to keep the vessel hulls …
Asia Fuel Oil-VLSFO dips; bunker demand cautious after oil spill Read More »
The Government gazetted a proposal comprising the introduction of a new Merchant Shipping (Safety) (Ships Carrying Industrial Personnel) Regulation under the Merchant Shipping (Safety) Ordinance (Cap. 369) (the Safety Ordinance) and amendments to the Schedule to the Safety Ordinance to incorporate into local legislation the latest relevant requirements of the International Convention for the Safety …
Refined oil products stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 4% in the week to Thursday, data from Dutch consultancy Insights Global showed. Total stock levels stood at 6.114 million metric tons, the data showed. The weekly drop was driven by a 9% tumble in gasoline …
ARA fuel stocks fall on the week, Insights Global data shows Read More »
China and the United States are pushing for the green, low-carbon, and sustainable development of the international shipping industry. The China-US Green Shipping Corridor Working Conference, titled “Green Voyage, Future Dialogue,” was held in Shanghai on Wednesday and Thursday. The meeting aimed to implement the consensus reached by the presidents of China and the US …
China, US push for green international shipping corridor Read More »
Reference is made to the stock exchange announcement made by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 13 June 2024 regarding the subsequent court hearing (the “Sanction Hearing“) at which the Company was to petition the Supreme Court of Bermuda (the “Court“) to sanction the …
PT Wintermar Offshore Marine Tbk (WINS:JK) has invested US$13.9 million out of total planned capex of US$35 million for 2024, anticipating higher demand for OSVs driven by increased offshore investments and tight supply. During the Virtual Public Expose on 21 June 2024, PT Wintermar Offshore Marine Tbk (Wintermar) updated on strategic plans to expand its …
Wintermar Offshore Investing More in the OSV Market Read More »
The UK Hydrographic Office (UKHO) yesterday awarded John Dillon-Leetch, Port Hydrographer at the Port of London Authority (PLA), with the prestigious Alexander Dalrymple Award for 2024. The accolade recognises his significant contributions to hydrography. Mr. Dillon-Leetch was presented the award on World Hydrography Day during a ceremony organised by UKHO at the International Maritime Organization’s …
John Dillon-Leetch receives 2024 Alexander Dalrymple Award Read More »
A bordo de la plataforma continental de investigación científico marina que ha llegado hasta la Antártica y que apoya labores de exploración e investigación de la Autoridad Marítima Colombiana, se llevó a cabo la ceremonia militar en donde recibió el comando el señor Capitán de Fragata Andrés Torres Caraballo, de manos del Capitán de Navío …
