Entrusted by the transferor (the Seller), our company is scheduled to conduct an online public bidding on www.shipbid.net from 19:00 to 19:30 (Beijing Time) on December 20th, 2024, which is hereby announced as follows: 1. Bidding Object: MV “BH FORTUNE” (IMO No.: 1025801); Hull No.: HN2008; Status...
International Shipping News
Singapore fuel oil stockpiles ease slightly to two-week lows
Onshore fuel oil storage volumes in Singapore dipped to their lowest in two weeks after imports retreated slightly, though inventories remained higher than last month’s average, data showed on Thursday. The inventories fell 2.3% to 18.79 million barrels (about 2.96 million metric tons) in the week...
https://www.hellenicshippingnews.com/singapore-fuel-oil-stockpiles-ease-slightly-to-two-week-lows/
Experts Convene in Rotterdam to Explore Pest-Resistant Container Design
Pest-resistant container design took centre stage at a meeting between specialists from the global container shipping industry and biosecurity experts, aiming to address the $423 billion global challenge posed by invasive pests every year. Attendees at The International Symposium on Optimising...
Climate solution: Sails make comeback in shipping, to dent carbon footprint
Had he continued working aboard fuel-powered cargo ships, Yann Jourdan reckons he’d be earning perhaps four times what he now gets as captain of a sailboat that instead uses the wind’s clean energy to transport goods across the Atlantic. But the hit to Jourdan’s pay is buying him peace of mind....
Tanker and tugboat crews receive 2024 IMO Bravery Award
The 2024 IMO Award for Exceptional Bravery at Sea has been presented to two sets of nominees: the Captain and crew of the oil tanker Marlin Luanda, for containing a fire after the ship was struck by an uncrewed aerial device; and the Captain and crew of the tugboat Pemex Maya, for their rescue of …
https://www.hellenicshippingnews.com/tanker-and-tugboat-crews-receive-2024-imo-bravery-award/
North America’s volatile container shipping market braces for tariff- induced turbulence
North America has experienced the sharpest rise of 20% in average container prices over the last 90 days, driven by market volatility, U.S. elections uncertainty (and tariff woes), surge in Mexico-US trade, and logistical disruptions in Canada. Meanwhile, these container prices are on a downward...
The LNG pathway is only ‘two minutes into the hour’ of our journey to net zero, says SEA-LNG
Industry coalition SEA-LNG notes that while the approximately 2,200 LNG-fuelled vessels and LNG carriers represent only ‘two minutes into the hour’ of the global fleet of approximately 60,000 deep sea vessels, it remains an adolescent fuel that is maturing significantly faster than other...
FBX Index November 2024: Market summary
The Freightos Baltic Index Global benchmark increased 9% in November to $3,590/FEU as Asia – Europe GRIs pushed rates up sharply at the start of the month, with some late month increase for Asia – US East Coast as well. This global rate is 178% higher than in 2019. Asia-Europe ocean freight rates,...
https://www.hellenicshippingnews.com/fbx-index-november-2024-market-summary/
Waiting time in port represents major inefficiency and GHG savings opportunity for international shipping
A new study by UCL and UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting times could reduce voyage emissions by up to 25% for some vessel types. The average potential emissions saving for the voyages is...
EU naval force: Chinese fishing vessel under control of alleged pirates in Somali waters
A Chinese fishing vessel is under the control of alleged pirates in Somalia’s waters in the semi-autonomous Puntland region, the European Union’s anti-piracy naval force said on Thursday. The anti-piracy force said the vessel with up to 18 crew members on board had been taken over by pirates, some...