Refining margins for high sulphur fuel oil (HSFO) posted a seventh consecutive week of declines, weighed by consistent bearish drivers. The 380-cst HSFO crack closed at a discount of $16.92 a barrel on Friday, sliding by about 5% from last week, based on LSEG data. Cargo differentials for 380-cst...
https://www.hellenicshippingnews.com/asia-fuel-oil-hsfo-margins-soften-for-seventh-consecutive-week/
SulNOx’s all-natural, fully biodegradable fuel conditioner continues to prove its value as a market-ready tool in the maritime industry’s arsenal to help meet International Maritime Organization (IMO) and EU regulations on vessel emissions. During a five month-long trial in cooperation with a...
Ukrainian Deputy Prime Minister denied on Thursday reports by Ukrainian and British firms that the new Black Sea export corridor had been suspended. “The information regarding the cancellation or unscheduled stoppage of the temporary #Ukrainian_corridor for the movement of civilian vessels from and...
https://www.hellenicshippingnews.com/ukraine-says-its-black-sea-grain-corridor-is-working/
The Nautical Institute Singapore Conference 2023 has concluded with the attendance of close to 180 shipping professionals and key industry leaders from all over the world. This year the event was held at M Hotel Singapore and the theme was “Seafaring in the modern, and everchanging millennium,”...
Samsung Heavy Industries (SHI) and leading classification society DNV have inked a Memorandum of Understanding (MOU) at KORMARINE, committing to establishing SHI’s state-of-the-art Remote Operation Centre (ROC) for real-time monitoring and control of Maritime Autonomous Surface Ships (MASS). The...
In the final week of October, crude freight rates on the VLCC MEG-China route witnessed a decline, accompanied by a noticeable uptick in the number of vessels at the VLCC Ras Tanura port. This occurred amidst persistent challenges in the oil industry, marked by ongoing crises that exert downward...
Capt. Anil Choudhary, a longtime leader of NYK-operated vessels, received a certificate of commendation from the International Maritime Organization (IMO) Council on October 19 for rescuing 303 people in distress in November 2022. The award ceremony was held in Mumbai, India, during Global Maritime...
https://www.hellenicshippingnews.com/nyk-captain-receives-imo-commendation-for-rescuing-303-people/
KR (Korean Register) granted an Approval in Principle (AiP) for “metalVox”, the wireless communication system using metalWave communication technology developed by South Korean company ZN Technologies, at KORMARINE 2023 in Busan, South Korea. Wireless communication through air is currently widely...
https://www.hellenicshippingnews.com/kr-approves-new-wireless-communication-system-metalvox/
Residual fuel oil stockpiles at key trading hub Singapore extended gains for a second straight week to scale a one-month high, official data showed on Thursday. Onshore fuel oil inventories rose 0.7% at 19.54 million barrels (3.08 million metric tons) in the week ended Oct. 25, data from Enterprise...
https://www.hellenicshippingnews.com/singapore-fuel-oil-inventories-recover-to-one-month-high/
Early next month, Samskip will celebrate the maiden voyage of the Samskip owned and operated weekly service connecting Rotterdam, Helsinki, Riga and Hull. This new service is a direct reflection of Samskip’s central strategic focus on customer centricity. Valuing customer relationships, the service...