Demand for ship recycling has started to pick up pace during the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “Pakistan certainly seems to be the talk of the town offering the most competitive levels out of the three India sub-Continent destinations, a feat not seen for …
The Baltic Exchange’s main sea freight index gained on Wednesday, on robust demand across all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 88 points, or 5.4%, to 1,705, its highest since Oct. 31. The index has soared …
Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets. The first major disturbance since the fall in the oil price between Q4 2104 and Q1 2016 came in the fourth quarter of 2019, after …
Developments in the oil tanker market in the past decade dominated by geopolitics Read More »
Containership markets are exhibiting contradictory signals as the global economy continues its tentative emergence from lockdown. In the first of its new HORIZON Monthly reports, Maritime Strategies International analyses the forces at play in freight and charter markets as well as the impact of global policy on demand. On nearly all trade lanes, the container …
Containership markets plot uncertain course to recovery says MSI Read More »
Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data. Washington is tightening sanctions to cut Venezuela’s oil exports and deprive the government of socialist President Nicolas Maduro …
Oil tankers carrying two months of Venezuelan output stuck at sea Read More »
The path toward decarbonization of the shipping industry in line with the IMO 2050 target – a reduction of 50% by 2050 compared to 2008, which still fails to deliver fully on the Paris Agreement objectives, is filled with uncertainty, which might be the main obstacle to the very vision this journey promises to accomplish. …
Decarbonization: How to order future-proof ships when we don’t know the end game? Read More »
Kooiman Marine Group has completed the conversion of Zwerver I multi-purpose DP-2 support vessel, owned by Van Stee Offshore. The Zwerver I is equipped with eight thrusters, two spud poles, a 4/5-point mooring system with an anchor line capacity of 1400 m and accommodation for 58 people, including crew. The vessel is suitable for carrying …
Kooiman Marine completes vessel conversion for Van Stee Offshore Read More »
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for two wells located in the Norwegian Sea. According to the NPD’s statement on Wednesday, the two wells – 6607/12-4 and 6607/12-4 A – will be drilled from the Odfjell Drilling-owned Deepsea Nordkapp semi-submersible drilling rig. The Deepsea Nordkapp rig is under a …
Aker BP gets licence to drill Norwegian Sea well duo Read More »
ProCon Wind Energy has officially established a subsidiary in the U.S. dedicated to the local offshore wind sector. Last week, the company’s CEO Claus Søgaard Poulsen signed the final documents regarding ProCon Wind Energy USA Inc. The next step includes finalizing the establishment of the first U.S. office, which will be located in the Port of …
ProCon officially sets up US offshore wind subsidiary Read More »
Second Officer on Crude oil tankerType of vessel: Crude Oil TankerDWT: 158583 tYear of build: 2009Flag: GreeceSalary: 4500$ + 100$RJLength of contract: 4+-1 monthsNeed: JuneRequirements: Good English, under 45 years old, one year in rank. Interesados: crewing@stmagroup.com
