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The Baltic Exchange’s dry bulk sea freight index extended its rally on Tuesday to hit its highest in more than six weeks, supported by a jump in the large vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 207 points, or 11.03%, to 2,083, touching its highest ...
https://www.hellenicshippingnews.com/baltic-index-hit-its-highest-in-more-than-6-weeks/
https://www.hellenicshippingnews.com/baltic-index-hit-its-highest-in-more-than-6-weeks/Emissions from scrubber discharge have caused pollution to the Baltic Sea corresponding to socio-economic costs of more than EUR 680m ($732m) between 2014 and 2022, according to a new study. A new study from the Chalmers University of Technology in Sweden showed that the shipping companies’ investments in the much-discussed technology, where exhaust gases are …
The London P&I Club has announced that Ian Gooch will be stepping down from the role of chief executive officer after 15 years as CEO and 21 years as a director of A Bilbrough & Co, the company that manages the Club. Ian Gooch will be succeeded by James Bean who will be arriving from …
https://splash247.com/london-pi-club-takes-northstandard-man-as-new-ceo/
https://splash247.com/london-pi-club-takes-northstandard-man-as-new-ceo/Oslo-listed very large gas carrier (VLGC) specialist Avance Gas has extended the variable time charter for one of its vessels. Avance Gas said that the charter for the 2015-VLGC Chinook which was supposed to expire in July 2024 would be extended by one year. According to the company, the end of the extended deal with …
https://splash247.com/avance-gas-extends-vlgc-deal-by-one-year/
https://splash247.com/avance-gas-extends-vlgc-deal-by-one-year/So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…
https://www.marinelink.com/news/escalated-middle-east-conflict-hike-oil-513501
https://www.marinelink.com/news/escalated-middle-east-conflict-hike-oil-513501Swiss marine power company WinGD has secured an order for its X‑DF‑A ammonia-fueled engines for what will be the world’s first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysia’s MISC Group…
https://www.marinelink.com/news/wingd-supply-engines-aets-ammoniafueled-513504
https://www.marinelink.com/news/wingd-supply-engines-aets-ammoniafueled-513504Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support…
https://www.marinelink.com/news/sapura-energy-lands-b-petrobras-deal-six-513506
https://www.marinelink.com/news/sapura-energy-lands-b-petrobras-deal-six-513506Germany sent two warships to the Indo-Pacific region on Tuesday in a bid to strengthen its military presence in the region amid rising tensions between China and Taiwan and over the disputed South China Sea.Those tensions were putting pressure…
https://www.marinelink.com/news/german-warships-head-indopacific-amid-513507
https://www.marinelink.com/news/german-warships-head-indopacific-amid-513507Marine towage provider Svitzer announced it has taken delivery of the final tug in a series of six built for its operations in Brazil.Built by Brazilian shipyard Rio Maguari, the new vessel Svitzer Babitonga is an Azimuth Stern Drive (ASD) tugboat from the 2300 Rampart Series…
https://www.marinelink.com/news/last-six-new-tugs-delivered-svitzer-513508
https://www.marinelink.com/news/last-six-new-tugs-delivered-svitzer-513508A Valaris jack-up drilling rig is using an AI-enabled intelligent detection and tracking solution to provide automated person overboard detection and alerts, marking the first time the cutting-edge technology has been deployed in the offshore…
https://www.marinelink.com/news/valaris-jackup-using-ai-man-overboard-513509
https://www.marinelink.com/news/valaris-jackup-using-ai-man-overboard-513509