The Baltic Exchange’s main sea freight index rose on Friday and posted a sixth consecutive weekly gain, steered by strong demand for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 24 points, or 1%, to 2,374 points. The index was up 1.2% for …
Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a ‘back door into the US’. This is now one of the strongest trade lanes in the world according to analysts at Xeneta, the leading ocean freight …
Yemen’s Houthis vowed to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope, the group’s leader Abdul Malik Al Houthi said on Thursday. “Our main battle is to prevent ships linked to the Israeli enemy from passing through not only the Arabian Sea, the Red Sea and the Gulf …
Yemen’s Houthis threaten to extend ship attacks to Indian Ocean Read More »
German container shipper Hapag-Lloyd HLAG.DE on Thursday said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting sailings and ports, after it posted an 83% fall in annual net profit. “We expect the market environment to continue to be difficult given the large number …
Hapag-Lloyd to seek cost cuts after net profit slump Read More »
Russia’s Gazprom GAZP.MM is using a floating storage and regasification unit (FSRU) for ship-to-ship loadings (STS) of liquefied natural gas from its Portovaya LNG plant to improve logistics as another tanker is under repair, LSEG data showed. The FSRU Marshal Vasilevskiy was used to supply the Kaliningrad region of Russia and ensure its gas security …
Gazprom uses FSRU Marshal Vasilevskiy to load LNG ship-to-ship, LSEG data shows Read More »
Fortescue FMG.AX has conducted the world’s first ammonia marine bunker operation in the port of Singapore, the city-state’s Maritime and Port Authority (MPA) and the Australian mining company said on Friday. The Singapore-flagged Fortescue Green Pioneer was loaded with liquid ammonia from an existing facility at Jurong Island’s Vopak Banyan Terminal for the trial,Fortescue and …
Fortescue conducts world’s first ammonia bunker trial in Singapore Read More »
Asia’s fuel oil market was broadly unchanged on Friday, with spot differentials and margins holding relatively stable from the previous week. Spot discounts for 380-cst high sulphur fuel oil (HSFO) narrowed slightly day-on-day, though ample supplies have kept the market stuck in rangebound discounts since February. Meanwhile, cracks for 380-cst HSFO FO380DUBCKMc1 were rangebound between …
Asia Fuel Oil-Spot differentials, margins end week on stable note Read More »
Rodolphe Saadé, Chairman & CEO of the CMA CGM Group, declared: « Through this contemplated acquisition, we have the ambition to pursue our long-term development into the media sector. Altice Media is a reference media group, with strong growth, talented teams, and iconic brands. Altice Media’s complementarity with CMA CGM’s existing Media Division and its …
CMA CGM signed a put option agreement for Altice Media Read More »
Los operadores náuticos y turísticos conocerán el documento que analiza los recursos náuticos y de ocio en la zona comprendida entre Almuñécar (Granada), San Roque (Cádiz) y Ceuta, pasando por la Costa del Sol y varias localidades malagueñas El Clúster Marítimo-Marino de Andalucía (CMMA) y Puerto Sotogrande han organizado la I Jornada de Presentación del …
La certificación apoya las iniciativas en el ámbito de la transición energética, la electrificación de muelles, el uso del GNL y la biodiversidad. El Port de Barcelona ha renovado una vez más la certificación PERS (Port Environmental Review System), de gestión ambiental creado por la ESPO (European Sea Ports Organisation) dentro de la iniciativa ECOPorts. …
