Blog – Page 2419 – Seaview Corporate

Baltic index logs fifth straight weekly drop on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 19 points, or about 3%, to …

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McQuilling: Tanker Earnings To Improve Over the 2024-25 Period

McQuilling Services is pleased to announce the release of its 26th anniversary edition, 2023-2027 Tanker Market Outlook. This 168-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes. The interaction of tanker demand and vessel supply variables is processed …

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Start thinking about carbon strategies today

Shipping companies should be looking at carbon strategies – both compulsory and voluntary – today as impactful legislation is fast approaching. That was the message from a joint Baltic Exchange-Institute of Chartered Shipbrokers webinar, where expert speakers examined the carbon markets and their impact on freight. James Blunt, head of voluntary carbon, shipping and aviation, …

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Drewry: World Container Index Down 1% This Past Week

Drewry’s composite World Container Index decreased by 1% to $2,033.70 per 40ft container this week. Our detailed assessment for Thursday, 02 February 2023 The composite index has decreased by 1% this week, and has dropped by 78% when compared with the same week last year. The latest Drewry WCI composite index of $2,034 per 40-foot …

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India Signals Change Through Vessel Age Limits

India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number of measures will be introduced, including the ban of Tankers and Bulkers older than 25 years, and Gas and Container vessels older than 30 years, from making port calls in India. Furthermore, secondhand vessels purchased …

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0.5% VLSFO rally cools on flurry of offers

Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) eased on Friday amid a flurry of spot offers, snapping a rally that struck six-month highs. The spot premium (MFO05-SIN-DIF) slid to $25.14 a tonne to Singapore quotes on Friday, while the February refining crack (LFO05SGDUBCMc1) was at a premium of $12.04 a barrel …

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EU Navfor Operation Atalanta And The Shipping Industry Meet In London

Operation Atalanta Commander, Spanish VADM José M. Nuñez Torrente, chaired XIII Industry Strategy Meeting in London, hosted by H.E. Head of the EU Delegation to the UK, Ambassador. Pedro A. Serrano de Haro The ES-OHQ delegation provided an update on the Operation and upcoming challenges to the most relevant Shipping Industry representatives : new extended …

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NYK’s Financial Performance Propelled By ONE Earnings

In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 2022), consolidated revenues amounted to ¥2,050.1 billion (increased by ¥374.2 billion compared to the first nine months of the previous fiscal year), operating profit amounted to ¥249.4 billion (increased by ¥51.4 billion), recurring profit amounted to …

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CMA CGM introduces the new setup of its NC Levant service connecting North Europe with East Med/Levant area

CMA CGM is pleased to announce the NC LEVANT new service setup aimed at providing our customers with improved reliability and better service. New features of NC LEVANT will be the following: Better coverage of the region thanks to CMA CGM’s new investment in Egypt in Alexandria’s Trans Misr Terminal (TMT), now ready to accept …

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In Focus: Dealing with the energy trilemma

A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become …

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