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A barge that capsized in February and caused a large oil spill near Tobago that also affected neighboring Caribbean islands might have picked up the fuel from Venezuela, Trinidad and Tobago's energy minister Stuart Young said on Monday."The vessels were on the way to Guyana…
https://www.marinelink.com/news/oil-spilled-barge-tobago-venezuela-513531
https://www.marinelink.com/news/oil-spilled-barge-tobago-venezuela-513531Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the previous day, as investors reacted to proposed property stimulus measures and post-holiday period restocking at furnaces. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.06% lower at 886.5 yuan ($122.88) a metric ton. ...
https://www.hellenicshippingnews.com/iron-ore-prices-hold-steady-on-property-stimulus-hopes/
https://www.hellenicshippingnews.com/iron-ore-prices-hold-steady-on-property-stimulus-hopes/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-513507