Container shipping rates have weakened to a level “not sustainable” for box carriers in the long run, with their operating expenses under pressure from inflation, Hapag-Lloyd CEO Rolf Habben Jansen said May 11. S&P Global Commodity Insights Platts Container Index, a weighted average of spot rate assessments on key routes, was assessed at $1,059.59/FEU on …
Box rates not sustainable amid inflation pressure: Hapag-Lloyd Read More »
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of August 6, 2008. A total of 188 articles were reviewed; 70 were modified; 10 were eliminated and more than 12 new articles were proposed, and all of them were approved …
Panama concludes update of the General Merchant Marine Law Read More »
Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely quiet as the market awaited new tenders from Kuwait’s Al Zour refinery. The cash premium for 0.5% VLSFO (MFO05-SIN-DIF) dipped slightly to $7.30 a tonne, though the front-month margin (LFO05SGDUBCMc1) inched higher to a premium of $8.01 a barrel at 0830 …
VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour Read More »
Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its stores. COVID-era supply chain disruptions played a key role in the company’s demise. Now, the bankrupt retailer is pursuing tens of millions of dollars in claims against container shipping lines, which it alleges did not perform during …
Bankrupt Bed Bath & Beyond goes after container shipping lines Read More »
2022 saw the climax so far of the weaponization of energy. Following its geopolitical demise, Russia has undertaken its own gas amputation, moving from a super energy power status to a diminished role with uncertain prospects and only hard options left. Russia has cut off almost entirely pipeline gas supplies to the European Union (EU), …
The Strategic Repositioning of LNG: Implications for Key Trade Routes and Choke Points Read More »
PricewaterhouseCoopers LLP (PwC) have recently completed the third independent assurance audit of Baltic Exchange Information Services Ltd (BEISL) Ocean Bulk indices. BEISL commissions this audit to ensure the way it measures ocean bulk freight markets remains robust while international and national regulations, guidelines and principles are comprehensively adhered to. The in-depth report includes a reasonable …
Baltic Exchange assurance engagement for Ocean Bulk completed by PWC Read More »
The Executive Committee of EXMAR NV today reports its first quarter results 2023 KEY EVENTS FIRST QUARTER 2023 AND OUTLOOK The figures discussed below are all based on the proportional consolidation method Revenue (including intersegment revenue) during the first quarter 2023 was USD 1.4 million higher than in the same period of 2022 mainly due …
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Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. La información de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qué secciones de la web encuentras más interesantes y útiles.
La 110ª edición del Tour de Francia arrancará en Bilbao el 1 de julio, con una etapa circular de 182 kilómetros que recorrerá gran parte de la geografía vizcaína, incluyendo los aledaños de la terminal para cruceros que el Puerto tiene en Getxo. Dos días más tarde la ronda gala partirá desde Amorebieta-Etxano para dirigirse …
El Puerto de Bilbao se suma al Tour de Francia con una nueva equipación ciclista Read More »
