The dredging contractor Dutch Dredging welcomed two new vessels to its fleet last week during the naming ceremonies for the Papillon and the Fregate. Both vessels will go to work in the ports of Cayenne and Kourou in French Guiana. The newcomers were delivered to Boer Remorquage SARL, a joint...
https://www.hellenicshippingnews.com/two-new-vessels-for-dutch-dredging/
China dashed prospects for a near-term resolution to the trade war with the U.S., warning President Donald Trump his threats of further tariffs are blocking any potential negotiations. The response, which came just over an hour after the U.S. imposed new duties on $200 billion in Chinese goods on...
https://www.hellenicshippingnews.com/china-says-it-wont-hold-trade-talks-unless-trump-stops-threats/
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil use, China’s Unipec said on Monday. Improved energy efficiency and technological changes, including the rise of renewables,...
https://www.hellenicshippingnews.com/world-oil-demand-refining-growth-to-peak-in-2035-unipec/
The U.K. government aims to address one of the big challenges of Brexit by creating a so-called inland port where imported goods can be checked without causing logjams at the coast, two people with knowledge of the plan said. Her Majesty’s Revenue and Customs is in talks to rent a warehouse at...
https://www.hellenicshippingnews.com/u-k-to-establish-a-post-brexit-port-70-miles-from-the-sea/
NEW BUILDING: In tankers, clients of Capital Ship Management are reported to have placed an order for 2 x 114K Aframaxes at Daehan Source: Clarkson Platou (Hellas) ltd
https://www.hellenicshippingnews.com/clarkson-platou-hellas-sp-weekly-bulletin-143/
Cargotec’s Board of Directors has confirmed the company’s refined strategy for 2019-2021. With its business areas Kalmar, MacGregor and Hiab, Cargotec will continue to work towards the vision “Becoming the global leader in intelligent cargo handling”. During the current strategy period 2015-2018,...
ING Groep, which consolidated trading jobs from Amsterdam and Brussels to London in 2016, faces pressure from the European Central Bank to return them to continental Europe, daily Het Financial Dagblad reported on Monday, citing sources familiar with negotiations between the bank and the regulator....
https://www.hellenicshippingnews.com/ecb-orders-ing-to-return-london-trading-jobs-to-eu-report/
The oil market is not waiting for Godot, but for November 4, when US sanctions on Iranian oil comes into play. The supply side of the oil market is becoming tighter even before as some important consuming countries such as South Korea and Japan curtailed buying from Iran. Add to that further...
https://www.hellenicshippingnews.com/oil-markets-fixated-on-the-november-4-deadline/
VLCC rates struggled through much of the week as an apparent and abrupt conclusion to the September program with fewer than expected Source: Charles R. Weber Company, Inc
https://www.hellenicshippingnews.com/weber-weekly-tanker-report-week-38-spot-market-summary-3/
September and October will be dominated by the sinking operation of the lock gate chamber of the outer head (number 1 in the picture) and by the construction of the walls of the flood defence (number 2 in the picture). The OpenIJ concrete mixing plant (number 3 in the picture) will be very busy...
https://www.hellenicshippingnews.com/the-new-sea-lock-whats-happening-in-september-and-october/