Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, today announced a record year for 2021, which saw sales grow by 400 percent in the first full year of availability for its data security and access governance solution. The company saw rising sales traction across the board, particularly in industries with …
Odfjell posts 4Q21 report on 9th of February. The underlying results in 4Q21 were guided to be in line with 3Q21, but we expect somewhat lower margins due to increasing bunker costs. While the improvement in chemical tanker rates is still awaited, Odfjell invested in expanding its terminal in...
https://www.hellenicshippingnews.com/odfjell-in-line-quarter-guided/
Stolt-Nielsen posts its 4Q (September-November) figures next week and after an impressive 3Q we expect somewhat weaker figures for the quarter. However, the long-term expectations remain strong for the sector, attractive dividends have returned and even the chemical tanker spot rates have increased...
https://www.hellenicshippingnews.com/stolt-nielsen-repeating-3q-would-be-an-achievement/
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) turned over to slight downward correction on Jan.21: 380 HSFO – USD/MT – 544.86 (-0.64) VLSFO – USD/MT – 694.85 (-1.05) MGO – USD/MT – 817.23 (-0.87) The correlation of MABUX MBP Index...
https://www.hellenicshippingnews.com/mabux-no-firm-trend-on-global-bunker-market-on-jan-24/
With the forthcoming EU carbon price for shipping, a legal analysis from Opportunity Green, commissioned by T&E, assesses who should take responsibility. The European Commission has proposed adding shipping to the EU Emissions Trading System. The proposal sets the shipowner as the responsible...
Höegh Autoliners is pleased to announce that it has entered into a contract with China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for four fixed and eight optional multi-fuel and zero carbon ready Aurora class vessels. Under the terms of the contract, the first two vessels will be delivered in the second half of 2024 …
The post Höegh signs contract with China Merchants Heavy Industry to build a series of its zero carbon ready Aurora class vessels first appeared on Hellenic Shipping News...
VLCC This sector sunk a little further this week. For 280,000mt Middle East Gulf to USG (via Cape of Good Hope) the market is assessed half a point lower at the WS17.5-18 level. Weakness was also been seen in the 270,000mt Middle East Gulf to China route where rates have slipped a point to WS35.5 …
T...
https://www.hellenicshippingnews.com/tankers-vlcc-market-falls-again-this-week/
The highly synchronized global supply chain system developed over the past 30 years is under strain like never before and resolving the disruption will be less a “sprint” and more of a “marathon” that runs well into 2022, according to a new report by IHS Markit, (NYSE: INFO), a world leader in...
All-inclusive container shipping rates from North Asia to North America held steady in the week to Jan. 21 as cancelled sailings to counterbalance a pocket of weaker demand around February’s Lunar New Year holiday in Asia kept carrying capacity in short supply. There were some discounted rates...
https://www.hellenicshippingnews.com/rates-remain-at-peak-levels-despite-escalating-uncertainty/
There was little support to be found for the Capesize market over the last week as dwindling rates and rising bunker prices slashed earnings for owners with the 5TC Weighted Average dropping to $7,390. The Pacific had little further left to drop as the transpacific C10 was priced at sub operating...
https://www.hellenicshippingnews.com/dry-bulk-capesizes-face-more-headwinds/