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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday posted its biggest single-day gain since March, as higher South American exports supported demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 105 points, or 11%, to 1,067 …
Baltic index logs best day in nearly 5 months on capesize strength Read More »
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely behind the surge in contracting. By June 2023, product …
Contracting Of Product Tankers Jump 337% In The First Half Of 2023 Read More »
Chinese shipbuilder Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has received Approval in Principle (AIP) certifications from major international classification societies for three cutting-edge ship designs. Image credit CSSC These include a 98,000 cbm liquefied ammonia carrier, 16,000TEU methanol-powered containership and a three-tank 174,000 cbm LNG carrier. The three ship designs are …
On 25 July, tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon Kaiyosha, conducted its last bunkering at Yokohama Shinko pier as a vessel fueled by liquefied natural gas (LNG). NYK Line On the same day, a ceremony was held in Yokohama to commemorate the last LNG bunkering by the vessel. The ceremony …
NYK’s tug conducts final LNG bunkering before conversion to ammonia propulsion Read More »
SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter system for two other transmission links offshore Scotland. Source: Hitachi …
Hitachi Energy gets preferred supplier status for UK’s longest HVDC link Read More »
Australian oil and gas company Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024. These activities will be carried out with one of Valaris’ heavy-duty modern jack-up rigs. Valaris (former Ensco) 107 jack-up rig; Source: Carnarvon Beach Energy hired …
Beach Energy awaits Valaris rig to spud well off New Zealand Read More »
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts. Illustration (Courtesy of NOAA) The program, funded by the Inflation Reduction Act, will foster public-private partnerships to help support small businesses that are developing sustainable technologies geared …
United States invests $60M in accelerator program for blue economy startups and concepts Read More »
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Se celebrará los días 24 y 25 de octubre El Puerto de La Luz acogerá IMPA LAS PALMAS 2023 los días 24 y 25 de octubre próximo, un evento que nace de la International Marine Purchasing Association, Organización Internacional de Suministradores Marítimos https://impa.net/contact y de la que es miembro Provicanarias desde 2015. La International Marine Purchasing Association celebra anualmente cuatro eventos de reconocidoprestigio en el ámbito marítimo en cuatro puntos geográficos de relevancia en el sector: IMPA …
