Empresa Portuaria Austral destaca año 2022 como el más exitoso de su historia con resultados …

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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Baltic index logs worst day in five weeks on tepid demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and marked its biggest one-day fall since mid-February due to weaker demand for larger vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 56 points, or about 3.7%, to …

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MOL Selected for ‘Nadeshiko Brand’ for 3rd Consecutive Year, Reflecting Measures to Encourage Women’s Workplace Success

Mitsui O.S.K. Lines, Ltd. announced the company has been selected as a “Nadeshiko Brand” for the third consecutive year under a joint initiative by Japan’s Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TES) to promote women’s success in the workplace. The initiative aims to introduce investors to TSE-listed enterprises that …

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China’s refinery output up 3.3% y/y as exports grow 74%

“Reaching 116.1 million tonnes, Chinese refineries’ output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are driving growth,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Compared to 2022, total refinery output during January …

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WFW: The Sustainability Imperative

In February 2021, Watson Farley & Williams (“WFW”) published The Sustainability Imperative report on the impact of environmental, social and governance (“ESG”) considerations on the shipping industry. Two years on, our new report explores how attitudes have evolved, who is shaping today’s ESG agenda and how sustainability squares with new geopolitical challenges such as the …

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Top bunkering trader Minerva puts cost of fuel theft as high as $5.2 bil/year

The bunkering industry is losing as much $5.2 billion of fuel annually to quantity shortages because of outdated methods used to measure deliveries, according to Tyler Baron, the CEO of the world’s largest physical bunker supplier Minerva Bunkering. Unlike many commodity markets that have transparent price discovery and universal quantity measurements, the bunkering industry still …

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Maritime, mining, and energy majors to create a green corridor for iron ore

A new consortium comprising UK-based mining company Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE plans to explore the options for developing a maritime green corridor for the zero-emission shipping of iron ore between South Africa and Europe. Illustration; Image by CSSC SWS The initiative has been described as the first of its kind from Africa and …

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After bolstering oil, gas and renewables in 2022, TotalEnergies ramping up low-carbon investments in 2023

On a mission to become a major player in the energy transition while pursuing its net-zero by 2050 goals, France’s TotalEnergies has not only fortified its oil and gas portfolio with new acquisitions in 2022 but also boosted its renewables share of assets. In a bid to get closer to a sustainable energy future, the …

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