The Baltic Exchange’s main sea freight index fell on Thursday as rates weakened across all vessel segments, with a lower iron ore export outlook from a Brazilian miner weighing on the capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell by 12 points, or 1%, to 1,189, the …
Baltic index dips as dour Brazilian export outlook drags Read More »
We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulphur cap. Whiles only three Handysize bulkers in total have been delivered from the newbuilding yards with a scrubber …
47% Of All Newbuilt Dry Bulkers Delivered In 2020 Are Fitted With A Scrubber Read More »
Although the shipping industry is only at the start of a unprecedented investment program around fleet renewal ($1 trillion of newbuild orders this decade?) and shoreside infrastructure to deal with emissions reduction, this week’s Analysis features extracts from our latest Fuelling Transition series profiling important progress so far in uptake of Alternative Fuels, ESTs, “Eco” …
Fuel Market sentiment has received recently a boost from signs of improving demand from Asia’s large crude oil importers, as well as news of successful COVID-19 vaccine trials that may help contain the global pandemic and revive oil and fuel demand. The World Bunker Index MABUX demonstrated firm upward evolution in November. The 380 HSFO …
MABUX: Bunker Market Treding Upwards on Improving Demand from Asian Crude Oil Importers Read More »
Thailand’s first emission-free commuter fleet was placed into service on 26 November 2020 by the Bangkok Metropolitan Authority (BMA). Seven new vessels joined the first test boat, which has been successfully transporting Bangkok residents since 2018. The commissioning ceremony included a traditional blessing and sacrifice to Mae Ya Nang, an ancient Thai deity and Guardian …
Torqeedo Powers Thailand’s First Electric Passenger Ferry Fleet Read More »
La representante del país báltico en España, Mariin Ratnik ha recorrido las instalaciones acompañada por el subdirector general de la APV, Manuel Guerra La embajadora de Estonia en España, Mariin Ratnik, ha visitado las instalaciones del Puerto de València para conocer de primera mano la operativa y funcionamiento de la actividad portuaria. La embajadora ha …
La embajadora de Estonia visita el Puerto de Valencia Read More »
The Hellas Voyager, one of two LMM operated VLGCs; Image courtesy: Latsco Marine Management The technology group Wärtsilä has signed 5-year Optimised Maintenance Agreements covering the main engines for two very large gas carriers (VLGC) operated by Latsco Marine Management (LMM). The contract, which became effective from September, was signed in August 2020. The two vessels, the …
Wärtsilä wins maintenance deal for Lastco’s VLGC duo Read More »
Polish energy company PKN ORLEN is holding an online meeting with potential supply chain companies for its offshore wind farm project in the Baltic Sea. PKN Orlen, through its subsidiary Baltic Power, holds a license to build wind farms with a maximum total capacity of up to 1,200 MW at a circa 131 km2 area …
PKN ORLEN schedules offshore wind supply chain meeting Read More »
Australian giant Woodside will further increase its stake in a project located offshore Senegal following its decision to pre-empt another project stake sale, this time from compatriot FAR to India’s ONGC. Woodside said on Thursday it has given notice exercising its right to pre-empt the sale by FAR to ONGC Videsh of FAR’s entire participating …
EMGS has received a letter of award for 3D CSEM and magnetotelluric multi-client survey in the Gulf of Mexico. The letter of award comes from one of the EMGS’ existing clients and also represents the first project for this customer in the Gulf of Mexico. Norwegian geophysical services company expects that final contract execution will …
