Shipping traffic through the Suez Canal fell 20% between Dec. 24 and Jan. 2 compared to a year earlier, according to the PortWatch platform, after shipping companies began re-routing vessels in response to attacks by Yemen’s Houthis. From Dec. 15, when Maersk became the first shipper to announce diversions, until Jan. 2, the most recent …
Shipping traffic through Suez Canal down 20% due to Houthi attacks- data Read More »
Drewry’s World Container Index increased by 61% to $2,670 per 40ft container this week. Our detailed assessment for Thursday, 04 January 2024 The composite index increased by 61% to $2,670 per 40ft container this week and has increased by 25% when compared with the same week last year. The latest Drewry WCI composite index of …
Asia’s very low sulphur fuel oil (VLSFO) market extended a decline on Friday, while high sulphur fuel oil also eased after a short-lived rally earlier this week. Regional supplies remained ample, with onshore inventories at key global fuel oil hubs extending gains this week. Singapore inventories were at five-month highs, while Rotterdam stockpiles hit six-month …
Asia Fuel Oil-VLSFO extends drop while HSFO rally stalls Read More »
Container shipping giant Maersk MAERSKb.CO is diverting all vessels from Red Sea routes around Africa’s Cape of Good Hope for the foreseeable future, it said on Friday, warning customers to prepare for significant disruption. Shippers across the world are switching away from the Red Sea – and so the shortest route from Asia to Europe …
Maersk warns of major disruption as diverts ships away from Red Sea Read More »
With reference to Company Announcement no. 22 dated 09 November 2023 where TORM plc (“TORM”) announced the acquisition of eight LR2 product tanker vessels, TORM plc has increased its share capital by 652,768 A-shares (corresponding to USD 6,527.68) as a result of the delivery of the first of the eight LR2 vessels. With reference to …
Mitsui O.S.K. Lines, Ltd. announced the signing of a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland SA (YCA Switzerland), a group company of Yara International ASA (Yara; CEO: Svein Tore Holsether, Headquarters: Oslo Norway), the world’s largest nitrogen fertilizer manufacturer. The vessel was delivered on December 25,2023 and …
La Zona Franca de Santander ha cerrado el ejercicio 2023 con un volumen total de entrada de mercancías algo superior a las 185.000 Tn de producto, lo que representa un incremento del 34,23% en relación con el año precedente. Podemos decir que ha sido un magnífico año, más aún si tenemos en cuenta que en …
The stage seems to be almost set for another Joe Biden versus Donald Trump round during the upcoming 2024 elections but stakes are much higher this time around. These elections will be taking place against a backdrop of rising geopolitical tensions and global security trials and tribulations, especially in certain hotspots such as Ukraine-Russia, Israel-Gaza, …
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. Courtesy of Capital Ship Management The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates …
Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximately 10 years, starting from 2026. Courtesy …
Vitol and GAIL pen long-term LNG supply deal into India Read More »
