X-Press incorpora buque de combustible dual metanol que se sumará a servicio que recala en …
Se trata del “ECO Mistral” de 1.250 TEUs de 147,00 m de eslora y 27,20 m de manga
Baltic Index Falls To Near One-Month Low On Weaker Rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a near one-month low on Friday, and logged a weekly decline, as vessel rates weakened across the board. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 89 points, …
Baltic Index Falls To Near One-Month Low On Weaker Rates Read More »
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows
The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin. As European refinery runs decline amid a wave of closures, Dangote’s growing output could redirect diesel flows and position it as one of Europe’s major suppliers. With the reduction in US …
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows Read More »
Middle East bunker activity mixed in November
Bunker fuel availability in Fujairah was firm across all grades in November, according to traders and suppliers in the Middle East. “Cargo was consistently available. November bunker demand dipped as dry bulk trading operators, already on thin margins, felt the impact of new tariffs,” one Dubai-based trader told Platts, part of S&P Global Energy. Total …
Trade growth slump on near horizon
The global economy has proven “resilient” this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty, according to OECD Secretary-General Mathias Cormann, commenting on the latest Economic Outlook report. However, the report reveals a looming drag on global growth, driven primarily by escalating trade friction and …
Delays for oil tankers in Turkish straits jump to 12 days on weather, security risks
Delays for oil tankers passing through the Turkish Straits have climbed to about 12 days for a round trip to the Black Sea, up from about seven days last week, as winter storms, heightened security risks and shorter daylight hours snarl traffic, traders said and Riverlake data in LSEG showed. The congestion, which last exceeded …
Delays for oil tankers in Turkish straits jump to 12 days on weather, security risks Read More »
Solstad Maritime ASA: Successful amendment and extension of existing credit facilities
Highlights from the amended facilities agreement: The term of the loan has been extended by 2 years, with maturity extended from January 2027 to January 2029. The lenders’ option to further extend the term of the loan by an additional 2 × 1 year is maintained. The amortization profile is adjusted to reflect a 7-year …
Solstad Maritime ASA: Successful amendment and extension of existing credit facilities Read More »
HSFO bids recover although trading lull sets in
Asia’s high sulphur fuel oil (HSFO) market strengthened at the end of the week as firmer bids emerged, even though a year-end trading lull has set in. Singapore’s 380-cst HSFO differential was pegged higher on Friday amid bids seen at narrower discounts to cargo quotes, while contango also narrowed from the previous day. However, the …
ABS, ENEOS, NYK Line, and SEACOR Holdings Launch Joint Study to Develop a Methanol Marine Fuel Supply Network in the U.S.
American Bureau of Shipping (“ABS”), ENEOS Corporation (“ENEOS”), Nippon Yusen Kabushiki Kaisha (“NYK Line”), and SEACOR Holdings Inc. (“SEACOR”) have begun a joint study to develop a methanol bunkering*1 and supply chain network along the U.S. Gulf Coast. The four parties aim to establish the first commercial-scale ship-to-ship*2 methanol bunkering operations in the U.S. In …
VIRSEC Launches New Online Course to Tackle Harassment, Bullying, and Strengthen Crew Welfare
Given the continued industry focus on crew welfare, professional conduct, and the prevention of sexual harassment and bullying at sea, VIRSEC Ltd has launched An Introduction to Sexual Harassment Awareness in the Maritime Workplace, a practical fully online course developed to support maritime organizations in addressing these ongoing challenges.. Built around current IMO and ILO guidance …