Dutch and British gas prices rose on Monday morning driven by forecasts of colder weather for the remainder of the month and fresh concerns of a widening of the Israel-Hamas conflict. The Dutch December contract rose by 1.23euros to 46.23euros per megawatt hour (MWh) by 1057 GMT, according to LSEG...
The seizure of a cargo ship off the coast of Yemen by the Houthis on Nov. 19 has seen the return of war premiums for oil and shipping in the region, analysts said. The Iran-aligned Houthis announced Oct. 31 their decision to join the ongoing conflict between Israel and Hamas, a militant group based...
Cash premium for very low sulphur fuel oil (VLSFO) continued to rise on Monday as China reduced exports of the clean marine fuel due to limited export quotas and sluggish domestic output. The premium for 0.5% VLSFO MFO05-SIN-DIF rose to $29.38 a metric ton from $27.91 on Friday. Cargo differentials...
Malaysian palm oil futures rose on Monday, supported by strength in Chicago soyoil, but gains were limited on strength in the Malaysian ringgit and as exports are seen easing. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 5 ringgit, or...
Carrier Transicold has provided 2,000 PrimeLINE® refrigeration units featuring its Lynx™ Fleet digital solution to Yang Ming Marine Transport Corp. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions. With this new...
Skuld’s Board of Directors met in Hamilton, Bermuda, on 15 November 2023 to discuss the upcoming P&I renewal for the policy year starting 20 February 2024. The Board of Directors noted and agreed the following: The performance of the mutual product continues to improve, and a balanced underwriting...
https://www.hellenicshippingnews.com/skuld-renewal-update-1-policy-year-2024-25/
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announced that it has qualified to trade, starting from November 20th,2023, on the OTCQX® Best Market in the US, under the ticker (OTCQX: DMCOF). DIS’ shares are listed on the...
Angola’s average daily oil production exceeded 1.14 million barrels in October, marking a slight increase of 3.08 percent compared to the previous month, data has shown. According to the National Agency of Oil, Gas, and Biofuels, the industry regulator, Angola’s oil production in October reached...
https://www.hellenicshippingnews.com/angolas-oil-output-up-3-pct-in-october/
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite record renewable energy capacity addition, according to Crisil Ratings. “Healthy PLFs along with lower receivables and encouraging fuel supply will support...
During the past three years, prices for hardwood fiber have increased at a much faster rate than for softwood fiber, resulting in the Global Hardwood Fiber Price Index jumping 44%. Global pulp prices have fallen steadily since late 2022, when they reached record highs. The most significant decline...
https://www.hellenicshippingnews.com/higher-wood-fiber-costs-for-pulpmills-worldwide-in-2023/