The Baltic Exchange’s main sea freight index rose on Monday for a fifth straight session, helped by higher rates for all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 21 points, or 1.8%, at 1,169, its highest level since Nov. 10. The capesize index rose by …
Strengthening rates across vessels steer Baltic index higher Read More »
A fall in Chinese coal demand and a second round of European virus lockdowns has deflated a nascent dry bulk recovery, despite strong demand for iron ore. The latest MSI HORIZON* monthly sector report notes that spot freight rates for all bulker benchmarks peaked in early October and have weakened since. The rapid pace of …
Second round of lockdowns takes wind out of dry bulk recovery Read More »
Innovation is touching every corner of the shipping industry, with major changes underway in the way owners are buying bunkers. Rising oil volatility has caused an increasing number of shipping companies to start procuring their fuel months in advance. The easing of oil contango has also brought future prices in line (and even temporarily cheaper) …
GreenSteam, a leading provider of vessel performance optimisation solutions for the shipping industry, yesterday announced the launch of GreenSteam Capture, a new mobile app designed to automatically log and upload fuel consumption data and reduce errors in fuel consumption reporting. Data accuracy and reliability are key to efficient vessel performance monitoring. Inaccurate data recording can …
North Asia to UK rates spike on demand ahead of the United Kingdom’s exit from the European Union, as importers seek to front-load ahead of this deadline at the start of January Logistical delays seen at some UK ports, causing carriers to impose a congestion surcharge on both inbound and outbound containers from the UK …
The IMO member states have agreed to give further consideration to the industry-led proposal for the establishment of a $5 billion research and development fund aimed at accelerating the introduction of zero-emission technologies into the shipping industry. The fund is being proposed as the shipping industry attempts to centralize and streamline investment into research and …
IMO agrees to further evaluate $5 billion R&D fund proposal Read More »
El cazaminas “Duero” (M-35) regresa a Cartagena tras participar en la Agrupación Permanente de Medidas Contra Minas Nº2 de la OTAN. El cazaminas “Duero” (M-35) ha regresado a su base en el Arsenal de Cartagena, desde donde zarpó el pasado 20 de septiembre para integrarse en la Agrupación Permanente de Medidas Contra Minas nº2 de …
Offshore drilling contractor Odfjell Drilling has firmed up contract awards with Equinor for drilling operations on two projects in Norway. The first contract is related to the Johan Sverdrup Phase 2 project and the second one to the Breidablikk drilling campaign. Following these letters of intent, the two companies have now signed final contracts for …
Odfjell Drilling firms up two contract awards with Equinor Read More »
La OMI ha celebrado el tercero de una serie de seminarios web regionales para los Estados Miembros sobre los retos a los que se enfrenta la gente de mar durante la actual pandemia de COVID-19. El evento, celebrado el 13 de noviembre, dirigido a las partes interesadas de Asia occidental y Europa oriental se centró, …
Abordando los retos de la gente de mar en Asia occidental y Europa oriental Read More »
Ocean Infinity has signed a contract for eight 78-metre, optionally crewed robotic vessels as part of the next phase of its ‘Armada‘ fleet. According to the company, these fuel-efficient, onshore-controlled vessels will initially only utilise a skeleton crew onboard. In due course they will work with no personnel offshore whilst also consuming solely renewable fuel …
Ocean Infinity expanding its Armada robotic vessels fleet Read More »
