Financial Highlights: The First Quarter Ended June 30, 2026 In the crude oil tanker market, the vessel supply-demand balance tightened due to an increase in ton-miles resulting from alternative procurement of Middle Eastern cargoes and a decrease in effective vessel supply, following the deterioration of the situation in the Middle East and the de facto …
Mitsui O.S.K. Lines Expects Strong Capesize Dry Bulk Demand Read More »
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, today announced the unaudited results of the Company and its subsidiaries (collectively the “Group”) for the six months ended 30 June 2026. Mr. Martin Fruergaard, CEO of Pacific Basin, said: Amid heightened geopolitical disruption, we continued to outperform the market and delivered …
Pacific Basin Reports a US$105 Million Net Profit and Continued Market Outperformance Read More »
For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation requires regional visibility/coverage beyond the eight trade lanes provided below, contact the team. Our detailed assessment for Thursday, 06 Aug 2026 • The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, …
Drewry: World Container Index Moved Higher Last Week Read More »
The decision clarifies how payment deadlines should be assessed where banking days are defined by reference to multiple jurisdictions. Songa confirms that, absent clear wording to the contrary, the timing of performance is determined according to the local time at the place where the payment obligation is to be performed. Factual background Under the memorandum …
Songa Product and Chemical Tankers IV AS v Gardsea Shipping Inc [2026] Read More »
Decarbonizing international shipping ultimately requires switching to low- and zero-emissions fuels. However, these fuels remain substantially more expensive than the fossil energy they would replace, partly because the climate damage from fossil fuels is not reflected in their market price. Targeted financial support can help close this gap, but its design determines whether subsidies buy …
Incentivizing low-emissions fuels: policy options and trade-offs Read More »
ADNOC Logistics & Services plc (ADNOC L&S, ADX symbol ADNOCLS / ISIN AEE01268A239) today announced the acquisition of five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of approximately USD 1.3 billion (AED 4.8 billion). The investment will rapidly expand ADNOC L&S’ gas and crude oil …
ADNOC L&S Accelerates Fleet Expansion with USD 1.3 Billion Acquisition of 11 Vessels Read More »
Deck Cadet Self Unloading Bulk Carrier 6+-1 months 600 $ per month denys.budchenko@vships.com La entrada Alumno de Cubierta para buque Bulk Carrier – 600 USD/mes se publicó primero en Actualidad Marítima y Portuaria.
Vanuatu ha adoptado medidas para reforzar su marco de protección marítima, con el apoyo de una misión de evaluación de necesidades de la OMI en los puertos de Port Vila y Luganville (del 20 al 24 de julio). Llevada a cabo en consulta con las principales partes interesadas nacionales, la misión se centró en …
La OMI apoya a Vanuatu en el refuerzo de la protección marítima Read More »
Vanuatu y Tonga han dado pasos importantes para reforzar la legislación marítima e impulsar la aplicación de las medidas correctoras del IMSAS mediante una serie de talleres nacionales y ejercicios prácticos organizados en el marco del proyecto «SMART-C Leaders» de la OMI y la República de Corea. Un nuevo impulso para la legislación marítima …
Vanuatu y Tonga refuerzan la aplicación de los instrumentos de la OMI Read More »
Following a project update from its joint venture partner, McDermott, Italy’s engineering, drilling, and construction services giant Saipem has corroborated the progress made in moving forward with the next phase of one of Africa’s most closely watched liquefied natural gas (LNG) developments, as new activity signals continued momentum toward a final investment decision (FID) for …
