The end of the first quarter of this year brings strength potential for the clean LR2 segment, as the volume of clean flows from east to west has already increased. It appears that the European ban on Russian oil products imposed in February opens the doors for firmness in trade from the Arabian Gulf to …
Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. Sometime around late February or early March, shares hit a high for the year to date, posting strong gains versus Jan. 1. Then they went south. Shipping equities significantly outperformed the S&P 500, Dow Jones Industrial Average and …
Shipping stock sell-off: Shares down double digits since March Read More »
Exports of Brazilian maize are expected to strengthen from June onwards as Brazil harvests this year’s second maize crop, commonly known as “safrinha”. Due to Brazil’s large harvest, this year’s exports will likely be sold at a lower price than maize from other exporters. As the largest maize importer, China stands to benefit from affordable …
Brazil’s 2023 maize exports could rise 8%, benefitting shipping Read More »
In May 2023, the GREEN RAY project published the scientific article Methane emissions from a state-of-the-art LNG powered vessel in Atmosphere journal, detailing a novel emissions study carried out onboard a vessel by the project’s partners. The authors, Kati Lehtoranta, Niina Kuittinen, Hannu Vesala and Päivi Koponen from the VTT Technical Research Centre of Finland, …
La Asociación de Navieros Españoles (ANAVE) celebrará su Asamblea General 2023 el próximo día 22 de junio, en el Hotel Wellington de Madrid. En el acto de clausura de esta Asamblea tendrá lugar la entrega del premio CARUS Excellence Award 2023, otorgado este año a Ettore Morace, consejero delegado de la naviera Trasmed, del grupo …
ANAVE celebrará su Asamblea General 2023 el 22 de junio en Madrid Read More »
ZF is recognized by its customers as an outstanding and reliable partner for marine propulsion components, complete systems for all type of vessels as well as industrial gearboxes. Customers include shipyards, ship owners, operators of workboats or commercial vessels, heavy equipment manufacturers as well as engine manufacturers worldwide. The wide product range, combined with a …
Abu Dhabi National Oil Company (ADNOC) and US energy tech major Baker Hughes have signed an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene. Courtesy of ADNOC ADNOC said it will collaborate with Baker Hughes as a strategic partner to study and pilot the …
ADNOC and Baker Hughes partner up for hydrogen technology solutions Read More »
Offshore drilling contractor Transocean has secured a new contract with an undisclosed operator in Australia for a semi-submersible rig, which has been in idle mode since October 2022, when the rig finished its assignment with Equinor in Norway. Transocean Equinox rig; Source: Transocean Transocean reported on Wednesday, 10 May 2023, that a “major” operator in Australia …
‘Major’ operator books Transocean’s idle rig for work off Australia Read More »
Van Oord’s brand-new trailing suction hopper dredgers Vox Ariane and Vox Apolonia recently joined forces to protect the Dutch coast. Photo courtesy of Van Oord Last week, a unique situation occurred off the coast of Zeeland, where Van Oord’s two newest identical vessels Vox Ariane and Vox Apolonia – both powered by the sustainable fuel …
Van Oord’s LNG-powered vessels join forces to protect the Dutch coast Read More »
Swedish technical solutions group Addtech has entered into an agreement to acquire 90 per cent of the shares outstanding in UK subsea solutions supplier Feritech Global. The Feritech Innovation Centre. Source: Feritech Feritech is headquartered in Cornwall, UK, and provides the design and manufacture of bespoke technical solutions for the geotechnical subsea sector. The company, …
Swedish group buys into UK subsea solutions supplier Read More »
