Designed from the ground up with invaluable input from leading industry players keen to eliminate the analog friction that still plagues marine procurement and supply, the new Source2Sea marketplace delivers unmatched efficiency, convenience, and transparency for both buyers and suppliers. Now, crews can use customer-tailored online product catalogs to see exactly what they order and …
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The Baltic Exchange’s dry bulk sea freight index fell for a fourth straight session on Tuesday to mark its worst day since early November, as rates slipped across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, dropped 284 points, or 8.8% –...
The backup of container ships waiting to enter the nation’s busiest port complex isn’t letting up. But it has moved farther from shore. Only about 30 vessels sat within sight of the ports of Los Angeles and Long Beach this week, waiting for berths at a gateway that has come to symbolize U.S....
Moody’s has revised its outlook for the global shipping industry down from positive to stable for the next 12-18 months on the back of peaking earnings during 2021. But it’s not all bad news as earnings are still expected to be “considerably higher” than pre-Covid-19 levels during the next 12...
https://www.hellenicshippingnews.com/shipping-downgraded-by-moodys/
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight irregular changes on Dec.10: 380 HSFO – USD/MT – 474.77 (-3.71) VLSFO – USD/MT – 612.60 (-4.48) MGO – USD/MT – 730.32 (+0.25) As of Dec. 10, a correlation of MABUX MBP …
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Germany’s Federal Cartel Office is taking a closer look into the planned sale of Maersk’s refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday. The office has opened an investigation into the effects the takeover of Maersk Container...
KCC and Becker-Marine Systems have finalized an agreement for a fleet wide rollout of the Becker-Mewis Duct. The tailored hull appendix is designed to improve the hydrodynamics of the flow into the ship’s propeller, thereby increasing propulsion efficiency and reducing fuel consumption at sea. Initial findings from model tank studies, CFD calculations, and operational feedback …
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Panama was one of the most voted countries in the General Assembly of the International Maritime Organization (IMO) based in London, thanks to which it will be part of the Category A, the highest level of the Council of this Organization that governs the world shipping. The IMO is made up of 175...
https://www.hellenicshippingnews.com/panama-elected-in-the-imo-assembly-at-the-highest-category/
After more than 100 countries pledged to reduce methane emissions during the UN Climate Change Conference in November, those nations’ concrete steps to meet those goals will be essential to track at COP27 in Egypt and COP28 in UAE, said an official with the Environmental Defense Fund Dec. 7. “How...
Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fuelling inflation well into 2023. Shipping rarely figures in economists’ inflation and GDP calculations, and companies tend to fret more about...