The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. After a tumultuous few years marked by the Covid-19 shock in 2020 and the turmoil caused by Russia’s invasion of Ukraine in 2022, the coal markets have returned to more predictable and stable patterns …
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories. The company, one of the world’s biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as …
Maersk warns of slower demand for container shipping Read More »
In this month’s exclusive State of the Ocean Market Webinar from Xeneta, Chief Shipping Analyst, Peter Sand, and Market Analyst, Emily Stausbøll, tackle the uncertainties surrounding the upcoming peak season, while they also take a trip around some key trades to highlight current ocean freight rate trends. Other tasty tidbits include a timely look at …
Xeneta: Is the peak season glass half full or half empty? Read More »
MPV time charter rates have fallen since the highs of the previous year. Operators who were able to find employment for vessels at the high end of the age profiles in the fleet, are now deciding to send vessels for demolition. Although the near future will see demolitions increase, the low orderbook indicates that the …
Demolitions return to the MPV market, although low compared to historical levels Read More »
Asia’s spot market for high sulphur fuel oil (HSFO) eased for a second session on Friday after an earlier rally died down, though refining margin strengthened after Saudi Arabia announced further supply cuts. Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include September, it …
Asia Fuel Oil-Spot HSFO cools, but margin firms after Saudi extends supply cut Read More »
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2023. Second Quarter 2023 and Year-to-Date Highlights Dividend: Declared a $0.15 per share dividend for Q2 2023 16th consecutive quarterly payout Cumulative …
The United States could soon offer to put armed sailors and Marines on commercial ships traveling through the Gulf’s Strait of Hormuz, two U.S. officials said on Thursday, amid alleged attempts by Iran to hijack ships in international waters. The Pentagon last month sent additional F-35 and F-16 fighter jets along with a warship to …
U.S. could offer armed troops to commercial vessels in Strait of Hormuz- officials Read More »
Drewry’s composite World Container Index increased by 11.8% to $1,761.33 per 40ft container this week. Our detailed assessment for Thursday, 03 August 2023 The composite index has increased by 11.8% to $1,761.33 this week, and has dropped by 73.4% when compared with the same week last year. The latest Drewry WCI composite index of $1,761.33 …
Drewry: World Container Index Up 11.8% This Week Read More »
Con la ilusión de vivir quizá el mejor de los juegos, y de emocionarse con una aventura, los jóvenes del Club de Natación Anfibios salieron de Yopal para hacer realidad una de tantas historias que se cuentan como sueños: conocer el mar y navegar en una embarcación de verdad. Con esa expectativa la Dirección General …
OFFSHORE AND WIND SECTOR If you work in the offshore or wind sector, it is essential that you are properly dressed for your job. MASCOT offers a wide assortment of safety clothing and safety footwear, specifically designed for your industry. Our clothing is designed for fitting, maintaining or manufacturing wind turbines. We also offer wind …
