The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a professor of Shipping Finance and Risk Management at The Business School (formerly CASS), City University, said there is …
Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday. The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer …
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say Read More »
The Xeneta Shipping Index (XSI®) has posted its biggest global increase in 18 months – just days before many US shippers begin negotiations over new long term contracts. The global XSI®, which calls upon Xeneta’s crowdsourced data to measure the average of all long term rates in the ocean freight shipping market, hit 154.4 points …
Kazakh state-owned oil and gas company KazMunaiGaz (KMG) has announced that it is planning to expand its fleet of Aframax tankers from two to 12 over the next few years, according to a interview published on the company’s press center. “We have the interest and desire to expand our Aframax fleet,” said KMG Management Board …
Kazakhstan’s KMG plans to expand Aframax fleet from 2 vessels to 12 Read More »
Asia’s cash premium for very low sulphur fuel oil (VLSFO) extended a slide on Friday, while spot high sulphur fuel oil (HSFO) closed at narrower discounts. VLSFO benchmarks have been under pressure due to slower bunker purchases in February, with industry sources eyeing March demand and incoming supplies from Kuwait. The cash premium for VLSFO …
Asia Fuel Oil-VLSFO premium drops, HSFO discount narrows Read More »
Drewry’s World Container Index decreased by 5% to $3,493 per 40ft container this week. Our detailed assessment for Thursday, 29 February 2024 The composite index decreased by 5% to $3,493 per 40ft container this week and has increased by 88% when compared with the same week last year. The latest Drewry WCI composite index of …
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, yesterday reported financial results for the quarter and year ended December 31, 2023. Quarter Highlights: Generated Revenues, net of $104.6 million Achieved TCE(1) of $16,169 / day based on TCE Revenues(1) of $74.8 million Realized net income of $6.7 …
The Green Award Foundation is pleased to announce that 8 ports additionally managed by the Osaka Ports and Harbors Bureau have joined as new Incentive Providers, offering discounted port fees to Green Award certified vessels that call their ports. This expands The Green Award’s network to 47 ports incentivising safety and sustainability in shipping globally. …
The Green Award welcomes 8 New Japanese ports, Expanding its Asian Footprint Read More »
Global logistics solutions provider SAMSKIP and market leading shipyard Cochin Shipyard Ltd. India, have begun the construction phase of their Next Generation zero-emission shortsea container vessel – “The Samskip SeaShuttle”. Performed at Cochin Shipyard in India, representatives from both companies, government and partners enjoyed the pageantry of the official steel cutting ceremony initiating the first …
Esta medida se ha adoptado a petición del sector, que había solicitado un adelanto en esta pesquería para que coincidiera, en la medida de lo posible, con la apertura de la pesquería del boquerón El límite máximo de capturas de sardina ibérica para la campaña 2024 es de 14.890,75 toneladas que se distribuye entre la …
