The Baltic exchange’s main sea freight index extended gains for a second straight session on Tuesday, helped by firmer rates for the panamax and supramax segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, increased by 14 points, or 0.4%, to 3,254. The capesize index fell …
Baltic index edges higher as panamax, supramax rates increase Read More »
In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set …
Oil product tanker demolition on track to break 11-year record Read More »
The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added more than 2 points or over 2.30% last week. US stocks represented by the S&P 500 (SPX) index added 1.23%. The LNG market is growing and even LNG shipping becomes consolidating. During the regular rebalance …
LNG shipping stocks: Still up, but some companies disappeared Read More »
Shipping group Maersk said on Tuesday it expects average returns on invested capital towards 2025 to be significantly above recent years, propelled by high demand for containers to meet a surge in consumer orders. The Danish company said it aims to bolster supply chain logistics for clients such as Puma and Walmart as it spurs …
Pandemic propels makeover at shipping giant Maersk Read More »
ABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have completed a landmark joint development project (JDP) exploring decarbonization and digitalization in the marine and offshore industries. The project covered simulation and modeling of carbon footprints of a vessel incorporating energy efficiency technologies, LNG bunkering analysis and smart technologies. The JDP included detailed simulation …
ABS Completes Landmark Decarbonization and Digitalization JDP with HHI and HGS Read More »
Watson Farley & Williams (“WFW”) has advised Euromont Shipping Company S.p.A. (“Euromont”) and Navigazione Montanari S.p.A. (“Navigazione Montanari”) on c.€35m loan granted by illimity Bank S.p.A. (“illimity”) for the renewal of Navigazione Montanari’s fleet. The six-year loan is backed by Italian export credit agency SACE through its “Garanzia Italia” facility and was partly used by …
URGENT 3rd ENGINEER FOR BULKERDuration of contract: 6Vessel’s Type: Bulk CarrierDWT: 91384Year built: 1997English Level: Average and higher Interesados: cv@alphacrew.com.ua
Asegurar el acceso a los productos médicos esenciales en caso de pandemia, lograr un acuerdo mundial para prohibir las subvenciones a la pesca perjudiciales y abordar las preocupaciones de los países menos adelantados “graduados” fueron algunos de los temas debatidos en la reunión del Consejo General de la OMC celebrada los días 5 y 6 …
El Comité Tripartito Especial de la OIT para el Convenio sobre el trabajo marítimo (MLC, 2006) ha pedido a los Estados miembros, junto a las asociaciones de navieros y marinos, y en coordinación con la Organización Mundial de la Salud (OMS) y la Organización Marítima Internacional (OMI), que estudien establecer un programa internacional para los …
El Comité Tripartito de la OIT pide un programa internacional de vacunación para marinos Read More »
Canadian government has awarded funding to several projects that could help reduce greenhouse gas emissions from Newfoundland and Labrador’s offshore oil & gas operations, including a project using floating wind turbines to power oil & gas assets. The project, being developed by floating wind technology developer Saitec and offshore oil & gas engineering company Waterford …
Canada backs project powering oil & gas assets with floating wind Read More »
