Premium project heavy lift carrier AAL Shipping (AAL) has taken delivery of the third Super B-Class vessel in its eight-vessel-strong third generation newbuilding fleet, the ‘AAL HOUSTON’, as the 32,000 dwt dual fuel multipurpose heavy lift vessel prepares for her maiden voyage. Named after AAL’s...
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India: Petroleum product exports shrink 14% in August as global demand cools
The continuing decline in the export of refined petroleum products widened in August to 5 million tonnes (mt), according to the latest data from the Petroleum Planning and Analysis Cell. Exports in this category have decreased by nearly 3 per cent to 18.1 mt in the first five months of 2024-25,...
Copper heads for weekly gain on Fed rate cut, China stimulus hope
Copper prices hovered around two-month highs on Friday and were poised for a weekly gain as theoutsized U.S. interest rate cut and expectations ofstimulus from top consumer China boosted demand prospects. Earlier in the session, three-month copper on the London Metal Exchange CMCU3 hit $9,595 per...
Pole Star Global Expands Podium’s Emissions Module to Deliver Enhanced Voyage Informatics
Pole Star Global has announced the expansion of its Podium Emissions Module, a key solution within the Podium platform, designed to help vessels navigate evolving regulations and future-proof their emissions management strategies. The expanded Emissions Module on Podium offers vessels advanced...
500,000 containers handled via Secure Chain already
This week, the 500,000th import container was securely and reliably handled via the Secure Chain in the port of Rotterdam. Shipping lines no longer issue PIN codes, which are susceptible to fraud, for these containers. The new operational approach has now become standard practice in Rotterdam for...
https://www.hellenicshippingnews.com/500000-containers-handled-via-secure-chain-already/
Adhira Shipping and Logistics to offer IPO on London’s AIM Exchange
Captain Pappu Sastry, CEO of ASL, made the announcement to shipping and business media at a press conference in London after highlighting the company’s prospects for securing long-term contracts with leading global mining companies. There has been a rapid expansion in junior mines across Africa, as...
HD Hyundai receives DNV AiP for cloud-based HiDTS digital twin system
At Gastech 2024 in Houston, classification society DNV awarded an Approval in Principle (AiP) to HD Hyundai group for their cloud-based integrated Hyundai Intelligent Digital Twin Ship (HiDTS) system, marking a significant milestone in their three-year collaboration on Data-Driven Verification...
Oil prices set to end week higher after US rate cut
Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures LCOc1, which were down 35 cents, or 0.47%, at $74.53 a barrel at 0804 GMT while U.S. WTI crude futures CLc1 were...
https://www.hellenicshippingnews.com/oil-prices-set-to-end-week-higher-after-us-rate-cut/
HIF Global secured $220 million total 2024 equity investments to finance e-Fuels expansion worldwide
HIF Global, the world’s leading e-Fuels company, announced an investment from Mitsui O.S.K. Lines, LTD. (MOL), the international shipping company, to finance the expansion of its e-Fuels projects in the USA, Australia, Chile, and Uruguay. MOL is the third Japanese entity to invest in HIF Global...
Singapore’s middle distillates stocks dip for third week amid robust net exports
Singapore’s middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports, official data showed on Thursday. Stocks of diesel/gasoil and jet fuel/kerosene at key oil storage hub Singapore were at 10.239 million barrels for the week ended Sept. 18,...