Seaboard recibe el “Venture”, de 3.666 TEUs que operará en los servicios de la línea …
Nave de 248 metros de eslora y 35,20 de manga cuenta también con más de mil conexiones reefer
Baltic index edges down on lower rates, but posts weekly rise on earlier highs
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, was dragged lower by weaker rates across segments on Friday, but logged a weekly gain, buoyed by near two-year highs hit earlier. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by …
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Commercial complications of FuelEU
The maritime world is still coming to terms with the shift brought about by the introduction of FuelEU Maritime. But while the regulation’s technical challenges have captured headlines, the true upheaval is unfolding in the legal departments and boardrooms where commercial negotiations are being redefined from the keel up. A year on from its introduction and market players are still scrambling to define responsibility, allocate risk, …
Floating Storage Hits Three-Year High
A data-driven review facilitated by the Floating Storage platform report shows the seasonality of floating storage since 2022 across VLCC, Suezmax, and Aframax fleets, the surge in Iranian-linked storage off Malaysia, and future outlooks marked by persistent oversupply risks and declining oil price estimates. Floating storage is rising sharply across the tanker segments, VLCC, Suezmax, …
EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, six sources familiar with the matter said. Russia exports over a third of …
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Hi-5 spread at narrowest in five weeks
Asia’s hi-5 fuel oil spread narrowed to a five-week low on Friday, as the very low-sulphur fuel oil (VLSFO) market remained under pressure in recent sessions while high sulphur fuel oil (HSFO) showed some recovery. The hi-5, which reflects VLSFO’s premium over the price of 380-cst HSFO, fell to $72.85 a metric ton, according to …
Round-up: New oil & gas discoveries take center stage as LNG momentum grows
As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint ventures, divestments, and capex commitments. The post Round-up: New oil & gas discoveries …
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Eni pens decade-long LNG offtake deal with Thai player
Italy’s energy giant Eni has won a new multi-year liquefied natural gas (LNG) agreement with Gulf Development Company, said to be one of Thailand’s largest private power producers. The post Eni pens decade-long LNG offtake deal with Thai player appeared first on Offshore Energy.
20-year offtake lands on LNG project’s table in Lone Star State
Texas LNG, a subsidiary of Glenfarne Energy Transition, has secured an offtake deal with Macquarie Energy, a subsidiary of Macquarie Group, for a liquefied natural gas (LNG) export facility to be constructed in the Port of Brownsville, Texas. The post 20-year offtake lands on LNG project’s table in Lone Star State appeared first on Offshore …
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Denmark pushes back bid submission deadline for piece of $4.59 billion carbon capture and storage pie
The Danish Energy Agency has postponed the deadline for its carbon capture and storage (CCS) tendering procedure, which enables interested companies to get a slice of the DKK 28.7 billion ($4.59 billion) funding cake earmarked to lend Denmark a helping hand in achieving its climate neutrality vision. The post Denmark pushes back bid submission deadline …