International Shipping News

Baltic index extends losses on falling capesize rates

Wed, 24 Apr 2024 21:00:59 +0000
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a third consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 30 points, or 1.7%, to ...

Positive outlook for carbon shipping amid big push to solve technical challenges

Wed, 24 Apr 2024 21:00:58 +0000
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within the CCS value chain featuring key insights from energy company Equinor and Athens-based shipowner and mid-stream service company ECOLOG. ...

Supply Chain Q2’24 Outlook: It’s not just about shipping

Wed, 24 Apr 2024 21:00:57 +0000
Supply chains face constant disruptions like the Baltimore bridge collapse. Despite challenges, logistics adapt, seen in rerouting around the Red Sea disruptions. Political risks and regulatory uncertainties persist, impacting global trade. Investments in resilience, reshoring, and tech adoption rise amid declining inventories and supplier diversification. Supply chains face constant disruptions like the Baltimore bridge collapse. ...

Thailand’s Precious Shipping calls for swift IMO action on GHG goals: PSL MD

Wed, 24 Apr 2024 21:00:57 +0000
Thailand’s Precious Shipping is calling upon the International Maritime Organization for more clarity and swift action on the UN agency’s greenhouse gases emissions cut rules, so that the dry bulk carrier can determine a viable fuel of choice as the company continues to rejuvenate its fleet to reduce carbon footprint, PSL Managing Director Khalid Hashim ...

Asia Fuel Oil-VLSFO crack spreads decline on more selling activity

Wed, 24 Apr 2024 21:00:47 +0000
Crack spreads for very low sulphur fuel oil (VLSFO) weakened on Wednesday as higher selling activity emerged, market sources said, while cash differentials also remained capped. The product’s front-month crack closed lower at a premium of about $11.60 a barrel at 0830 GMT. Supply arrivals to Asia breached 6 million tons for April, dipping from ...

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Wed, 24 Apr 2024 21:00:45 +0000
Northwest Europe Availability across all grades is normal in the ARA hub. Securing prompt deliveries for HSFO is difficult in the ARA, with traders advising lead times of 4-6 days for the grade. Lead times of 4-5 days are recommended for VLSFO, while LSMGO has shorter lead times of 3-5 days in the ARA. The ...

Lloyd’s Register announced as LISW25 Blue Sapphire Legacy Sponsor

Wed, 24 Apr 2024 21:00:44 +0000
Shipping industry expertise and history come together for London International Shipping Week (LISW25) in the form of Lloyd’s Register which has just signed up for the 2025 running of this popular industry event. In its role as Blue Sapphire Legacy Sponsor, Lloyd’s Register brings more than 260 years of trusted worldwide professionalism and strong industry ...