Mitsui O.S.K. Lines, Ltd. announced that the LPG (Note 1)dual-fuel LPG/ammonia carrier (VLGC) Aquamarine Progress II (Note 2), ordered by its group company, Aramo Shipping (Singapore) Pte. Ltd. (Note 3) (Head office: Singapore), was delivered on April 26 by Namura Shipbuilding Co., Ltd. (President:...
A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar with the matter said, indicating a resumption in the use of SCF vessels to supply Moscow’s key market after a brief halt. The SCF Baltica,...
DP World, a global leader in smart end-to-end supply chain logistics, is proud to bring its Beyond Boundaries Initiative to the African continent for the first time. An event today at South Africa’s iconic DP World Wanderers Stadium, saw DP World unveil the fifth repurposed shipping container of...
Asia’s refining crack for 380-cst high sulphur fuel oil firmed to a more than seven-month high on Friday, latest data showed. The Singapore crack spread for May (FO380DUBCKMc1) closed at a discount of $7.73 a barrel, based on LSEG data at 0830 GMT. The uptick emerged as the market eyed fewer...
https://www.hellenicshippingnews.com/hsfo-crack-recovers-to-more-than-seven-month-high/
The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global oil demand is expected to notch up some growth in 2024 and 2025, the pace of that increase is slowing dramatically, hinting at a potential peak in consumption sometime...
https://www.hellenicshippingnews.com/end-of-the-oil-supercycle/
With reference to Company Announcement no. 07 dated 07 March 2024 where TORM plc (“TORM”) announced the acquisition of one additional LR2 product tanker, TORM plc has increased its share capital by 683,009 shares (corresponding to USD 6,830.09) as a result of the delivery of this vessel. The new...
Russia’s Energy Minister Nikolai Shulginov said on Friday that oil output and refining have not been affected by floods which hit regions including Tymen, the heart of the country’s oil production, Interfax news agency reported. Russia’s Urals, some west Siberian regions as well as northern...
Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 19 cents, or 0.2%, to $89.20 a barrel at...
https://www.hellenicshippingnews.com/oil-prices-on-track-to-snap-two-week-losing-streak/
Mitsui O.S.K. Lines, Ltd. yesterday announced that it has signed a long term Time Charter Party (TCP) Agreement, through its 100% subsidiary, for one Floating Storage and Regasification Unit (FSRU)(Note 1) with the Polish Gas Transmission System Operator, GAZ-SYSTEM S.A. (Gaz System), the project...
The Georgia Ports Authority hosted their 55th annual 2024 Georgia International Trade Conference. The event brings customers, business partners and industry leaders together to discuss the latest maritime and logistics industry developments and trends. India was one of the key topics discussed on...
https://www.hellenicshippingnews.com/georgia-ports-ceo-we-are-preparing-for-growth/