Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said. The shipping snarl through one of the world’s main maritime trade routes comes at the …
Panama Canal drought to delay grain ships well into 2024 Read More »
Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, a course was set to deliver on the International Maritime Organization’s net zero strategy. The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or …
Largest industry gathering at COP28 set out plans to deliver a net zero future Read More »
International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s (EU’s) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute limit on emissions of greenhouse gases (GHG) for vessels …
ITIC suggests EU ETS will cost the shipping industry billions Read More »
Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car carrier shipping market, has today been released by Clarksons Research onto their Shipping Intelligence Network platform. Summarising the report, Steve Gordon, Managing Director of Clarksons Research, commented: Car carrier markets remain at all-time highs, with transportation costs elevated, charter rates …
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as firm capesize vessel rates snapped a four-session long losing streak. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 26 points, or 1.1%, at 2,509. The capesize index …
Baltic index snaps 4-day losing streak on firm capesize rates Read More »
Renowned maritime legal firms, Thomas Miller Law and Davies Johnson are pleased to announce that they have rebranded as Shearwater Law. The rebrand marks a significant milestone in their combined evolution. The comprehensive transformation encompasses a new name, brand identity and website and is set to redefine the firm’s presence in the market. The rebrand …
Renowned maritime law firms rebrand as Shearwater Law Read More »
El trabajo, que será realizado por la Fundación Instituto de Hidráulica Ambiental de Cantabria (IHCantabria), tiene como objeto realizar una gestión sostenible de los dragados. También incluirá una propuesta de medidas para corregir la tendencia histórica de avance de El Puntal y de retroceso de la sección central de la playa Somo-Loredo. El presidente de …
La ruptura de un sensor en la parte superior del ala impidió que el equipo español de SailGP pudiese disputar la cuarta carrera del fin de semana Tras resolver el problema técnico, Los Gallos pudieron participar en la última carrera, en la que fueron novenos Nueva Zelanda, ganador del Emirates Dubai Sail Grand Prix tras …
Una avería priva a Los Gallos de buscar la gesta en el segundo día de carrera en Dubái Read More »
Watson Farley & Williams (“WFW”) advised Okeanis Eco Tankers Corp. (“Okeanis”), as U.S. securities and Marshall Islands legal counsel, on its listing of common shares on the New York Stock Exchange (“NYSE”), including filing and having declared effective a registration statement with the U.S. Securities and Exchange Commission. In conjunction with its NYSE listing, Okeanis …
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