The Swedish Club highlights an often-overlooked challenge faced by shipowners when it comes to cargo damage – shortage claims. The Club’s new publication, Bulker Focus: Carriage of Grains and Soya Beans, examines the complexities of transporting these commodities, highlighting the prevalence of cargo shortage claims. These claims account for 63% of all claims recorded. Such …
How much do ocean shipping executives make per year? The answer depends on whether you’re talking about professional CEOs or shipowners who are the final decision-maker behind the scenes, whether they are the CEOs or not. Earnings in the latter category are from ownership, not salaries. That’s how the big shipping fortunes are made. German …
How much money do shipping CEOs make? Here’s their 2022 pay info Read More »
Drewry’s composite World Container Index decreased by 3.5% to $1,768.33 per 40ft container this week. Our detailed assessment for Thursday, 24 August 2023 The composite index has decreased by 3.5% to $1,768.33 this week, and has dropped by 70.5% when compared with the same week last year. The latest Drewry WCI composite index of $1,768.33 …
Drewry: World Container Index Down 3.5% This Week Read More »
North America Demand for all grades has improved across major bunkering ports in the Americas. Houston has seen a jump in enquiries for all grades this week. Prompt VLSFO and LSMGO availability is normal in the port. Lead times of 3-4 days are recommended for both grades. One supplier is also able to offer HSFO …
Asia’s refining margin for high sulphur fuel oil (HSFO) posted a sharp weekly decline as of Friday after the spot market eased in recent sessions. The September 380-cst HSFO crack fell to a discount of $6.69 a barrel at 0830 GMT, sliding more than 70% from last week. The product’s spot cash differential had tumbled …
Asia Fuel Oil-HSFO refining margin logs sharp weekly drop Read More »
Mitsui O.S.K. Lines, Ltd. announced that it will be contracted to study liquefied CO2 transport by vessel in a carbon dioxide capture and storage (CCS) project off the northern to western coast of Kyushu (see chart below) in a project implemented by ENEOS Corporation (ENEOS; President: Takeshi Saito; Headquarters: Chiyoda-ku, Tokyo), Electric Power Development Co., …
MOL to Study Liquefied CO2 Transport by Vessel in JOGMEC Call for Advanced CCS Projects Read More »
Gasum’s LNG bunker supply vessel Kairos has been sub-leased outside the company since October 2022, but has now returned to Gasum’s own bunkering fleet. This increases Gasum’s bunkering capacity in the Northwest Europe bunker market. Volume growth in the maritime LNG bunkering segment have been gathering speed steadily during 2023 and is expected to further …
LNG bunker supply vessel Kairos returns to Gasum’s fleet Read More »
Against the backdrop of a strong shipping market, NIBC’s Shipping portfolio experienced a slight decrease, settling at EUR 1,004 million (compared to EUR 1,115 million in 2022). This development was catalyzed by high prepayments, effectively creating room to accommodate existing and new shipping clients within our portfolio. Origination spreads in Shipping remained consistent. Over the …
NIBC’s Shipping business shows solid H1 2023 performance amid dynamic economic landscape Read More »
Following the initial acceptance period of the voluntary and conditional public takeover bid launched by Saverex NV (the “Bidder”) for all shares and share options issued by Exmar NV (“Exmar” or the “Target”) not already owned by it or persons affiliated with it (the “Bid”), the Bidder currently holds a total of 44,234,979 shares in …
El mecanismo, reconocido en la Ley de Pesca Sostenible e Investigación Pesquera, trata de aprovechar al máximo las cuotas disponibles en los periodos específicos de cada pesquería El real decreto aprobado en Consejo de Ministros regula también aspectos específicos de la pesquería del patudo en el Atlántico, que otorgan una mayor flexibilidad a su gestión …
