An exchange-traded fund tracking the cost of global shipping surged Friday, continuing a month-long rally. The Breakwave Dry Bulk Shipping, which claims it’s the only freight futures exchange-traded product to focus on dry bulk shipping, was up nearly 12% Friday morning, and has gained more than 35% in the year to date. Dry bulk shipping …
Shipping ETF, up 35% year-to-date, extends gains Read More »
China Tianjin Shipping Index (TSI), an indicator of northern China’s ocean freight rates for both international and domestic shipping markets, stood at 1,186.36 points on Friday, down 0.73 percent compared with the previous working day. The statistical samples of TSI cover 27 international shipping routes from the ports of Tianjin, Qingdao and Caofeidian, and major …
Crew change facilitation has come in the spotlight of the Singapore Ministry of Health, following cases of COVID-19 transmission between ship- and shore-based personnel. Currently, the transmitted cases have had no impact on the crew change facilitation in Singapore, but the detection has placed spotlight on the maritime industry. In order to continue the crew …
Singapore Shipping Association Urges The Industry To Comply With Covid-19 Protocols Read More »
The Prysmian Group is betting on Wärtsilä’s retractable thrusters for the most advanced cable layer vessel in the world. Find out how its use helped Prysmian dramatically reduce installation times, especially during a pandemic, while helping improving efficiency and reliability. Its lines point to an imposing and eye-catching vessel from any perspective. The Leonarda Da …
Wärtsilä Retractable Thrusters help the Leonardo Da Vinci maximise its potential Read More »
MISC Berhad (MISC) has taken delivery of Seri Erlang, its second Very Large Ethane Carrier (VLEC) at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea. Purchased by MISC in July 2020, this VLEC is the second of the six contracted VLECs, purpose-built for long-term charter to Zhejiang Satellite Petrochemical Co. Ltd. (STL). Seri …
MISC Takes Delivery Of Seri Erlang -Its Second Very Large Ethane Carrier Read More »
Ahead of the announcement of its results for the year to 31 December 2020, which will be released on 8March 2021, the Company confirms that the full year underlying profit for 2020,subject to audit, is expected to be ahead of market consensus and in the range of £42m to £45m. Due to macro-economic uncertainties, the …
Clarksons Expects Its 2020 Profits Between £42m and £45m Read More »
Oil major BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before it was taken over by another UK player, Chrysaor. Citing industry sources, Reuters reported on Thursday that BP had relaunched the sale of stakes in a group of its North Sea assets it …
BP relaunches sale of North Sea assets Premier Oil gave up on Read More »
The COBRAcable interconnector between Dutch and Danish electricity networks is back in operation, Tennet reported on Friday. The 700 MW submarine interconnector was out of operation due to a failure in the cable since the end of September. The repair operation has been successful, enabling the import and export of renewable electricity between Denmark and …
Liquefied natural gas shipping company Flex LNG is expanding its fleet of vessels on the water earlier than planned. Courtesy of Flex LNG In a brief statement through its social media channels, Flex LNG informed that it will bring forward the delivery of its Flex Volunteer liquefied natural gas carrier. The vessel capable of transporting …
US offshore wind developer Mayflower Wind said that the price of electricity generated at its 804 MW wind farm offshore Massachusetts is on track to go down by around 10 per cent. This is due to the recently increased and extended federal Offshore Wind Energy Investment Tax Credit, the developer said. Mayflower Wind, a 50/50 …
Mayflower Wind electricity users stand to save $ 500 million Read More »
