Blog – Page 1553 – Seaview Corporate

The Role of Export Finance in Global Shipping’s Sustainable Growth

From mitigating risks associated with financing large-scale maritime projects to promoting sustainability and compliance, export finance plays a pivotal role in the shipping industry. Shipping moves 11 billion tons of goods each year, amounting to 1.5 tons per person worldwide, underscoring its indispensable role in international trade and economic development. Therefore, export finance strengthens the …

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Dry Bulk Market: Capesizes Have a Positive Week

Capesize The capesize market showed a steady positive trend throughout most of the week, with the BCI 5TC starting at $19,499 on Monday and peaking at $20,509 on Wednesday. Each day saw slight gains, driven by positive sentiment and increasing activity in the Pacific where the major miners became more active midweek, leading to a …

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Product tankers face short-term headwinds from dirty tanker competition: Norden

Product tanker markets are experiencing short-term downward pressure with more dirty tankers being used to transport refined products in recent weeks, while dry bulk freight rates remain well supported by healthy tonnage demand, Danish ship operator Norden said Aug. 8. Since last month, dirty tankers up to VLCCs have been cleaned and used to ship …

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Updated implementing regulation (EU) 2024/1975 amending the MED in force from 4 September 2024

The 8th Implementing Regulation (EU) 2024/1975 of 19 July 2024 amending the Marine Equipment Directive (MED) 2014/90/EU was published in the Official Journal of the EU. The Implementing Regulation (EU) 2024/1975 will come into force on 4 September 2024 and repeal the 7th Implementing Regulation (EU) 2023/1667. Technical News 21 Relevant for manufacturers, designers, yards …

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Vacantes con perfil marítimo para el Grupo TRAGSA – 23 plazas

Vacantes con perfil marítimo para el Grupo TRAGSA – 23 plazas 3 – Titulados/a en Radioelectrónica de la Marina Civil – Impartición y/o control de los cursos del Instituto Social de la Marina (ISM) (Nacional) – Portal de Empleo (tragsa.es) 3 – Titulados/as universitarios/as De La Marina Civil – Embarques en Buques de Pasaje (Nacional) …

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Baltic index set for first weekly gain in four on strong capesize demand

The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 13 points, or 0.8%, to 1,670. However, it posted its biggest weekly gain since July 12. …

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Tune-up for general average form

A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred. In brief, the answer is a resounding “no”, although the process is slightly simpler and the new form has some provisions that the marine insurance market needs to be aware of. GA is …

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ECSA Freight Watch: Market weakens as fundamentals challenge Sep deliveries

Amid the usual summer downturn, the South Atlantic grain freight market is facing an anticipated decline rather than a rebound. Intensified tonnage concerns and weak rates in the South Atlantic, combined with ongoing Pacific market weakness, are putting increasing pressure on early-September arrivals. With a rebound during this period increasingly unlikely, the end of seasonality …

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Explosion at Ningbo-Zhoushan port in China raises further serious safety concerns in ocean container shipping

A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. The incident took place today, Friday, with video footage showing a massive explosion onboard the YM Mobility. There are no reports of casualties. The explosion in Ningbo follows other major incidents …

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Oil tanker attacked four times off Yemen, crew and vessel safe

A crude oil tanker has reported four attacks off Yemen’s port of Mokha during the last 24 hours, the United Kingdom Maritime Trade Operations agency said on Friday, and the vessel’s manager said the ship and its crew were safe. Yemen’s Iran-aligned Houthi militants have launched attacks on international shipping in the Red Sea region …

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