28 OCT 2022 A period of aggressive vessel scrapping will be required to address a looming “severe risk of overcapacity” in container shipping. But the likely demolition candidates are in the smaller sizes, where newbuild orders are sparse, says Alphaliner. The lack of investment in replacing smaller containerships in recent …
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26 OCT 2022 Ukraine said seven vessels sailed off from its ports on Sunday carrying grain bound for Asia and Europe, but accused Russia of blocking the full implementation of Black Sea grain deal. “Russia is deliberately blocking the full realization of the Grain Initiative. As a result, these (Ukrainian) …
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24 OCT 2022 A U.N spokesperson said on Monday that “urgent” steps are needed to relieve a backlog of more than 150 ships involved in a deal which allows Ukraine to export grain from ports in the Black Sea. The comments come as Kyiv accused Russia of blocking full implementation of the agreement, which …
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22 OCT 2022 Bridging the gap between ship and shore requires investment and bigger and better software solutions, says maritime software provider Dualog. The industry is more so than ever being faced with the challenge of bringing the ship and shore closer together, and shipping companies are looking at investing …
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20 OCT 2022 By Jonathan Saul Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say. Russia has increased exports to …
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18 OCT, 2022 By Alberto Nardelli, Christopher Condon and Alaric Nightingale (Bloomberg) — The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an oil supply shock. The …
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16 OCT 2022 Russia has cut gasoline exports via its ports and border crossings in September by 14% month-on-month to 256,204 tonnes amid refinery maintenance and weak demand in Europe, data from industry sources and Reuters calculations showed. Gasoline is in surplus in Europe because stocks are building as refineries …
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15 OCT 2022 The Baltic Exchange’s dry bulk sea freight index edged up on Friday to snap a six-session losing streak, but posted its worst week since late August on sombre demand for all its vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 20 …
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14 OCT 2022 Multiple news sites are reporting that the Panamanian-flagged containership has sunk in the Red Sea nearly a week after a fire broke out in a cargo hold. The fire on board the TSS Pearl was first reported by the Saudi Press Agency last Friday, October 7, as the ship was located …
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13 OCT 2022 The global pipeline of floating offshore wind projects has more than doubled in terms of capacity in the past year with the UK leading the charge, according to a new report by RenewableUK. According to the report, the number of projects in the global pipeline, spanning from those in early planning …
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