International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement: International Seaways is singularly focused on delivering value to our shareholders, and the record...
https://www.hellenicshippingnews.com/international-seaways-issues-statement-in-response-to-famatown/
Gasoil sales by Indian state retailers in August fell from a month earlier as monsoon rains restricted mobility while high inflation curtailed overall demand for goods, preliminary sales data shows. Fuel demand in India, the world’s third biggest oil importer and consumer, typically falls during...
A rare drought has affected transport on China’s Yangtze River, the world’s busiest inland waterway. By the end of August, the flow of the river’s main line had decreased by more than 50 percent compared to previous years. Experts say the water level in some sections has dropped more than five...
https://www.hellenicshippingnews.com/yangtze-river-shipping-affected-by-rare-drought/
Hutchison Ports and Terminal Investment Limited Sàrl (TIL), the terminal investment company of Mediterranean Shipping Company (MSC), are pleased to announce the intention of a collaboration to develop a new container terminal in the Europahaven, where the north side of the Hutchison Ports ECT Delta...
The Baltic Exchange’s main sea freight index had its best session in nearly six months on Friday thanks to a rise in rates for bigger vessel segments, while capesizes notched their biggest weekly gain in more than two years. * The overall index, which factors in rates for capesize, panamax, and...
https://www.hellenicshippingnews.com/baltic-index-records-best-day-in-6-months-on-capesize-rebound/
Scrubbers are a relatively simple technology designed to remove polluting sulphur oxides from a commercial ship’s engine exhaust and cut air pollution. But despite that modest moniker, scrubbers have generated a controversy that sees the devices — and the companies that use them — accused of...
Wilson Sons, Brazil’s leading integrated port and maritime logistics operator, has been selected and approved as a new member of TIC 4.0 (Terminal Industry Committee), which coordinates the 4th industrial revolution in the cargo handling industry. With over 180 years of experience and investing in...
VLCCs started this week on a weaker foot amid a quieter MEG market and muted activity elsewhere Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-02-september-2022/
The ABS Group and Gibson Gas Surveying collaboration offer owners and operators a comprehensive suite of Asset Integrity Management (AIM) tools and services geared toward natural gas distribution. Natural Gas System Vulnerabilities Gas distribution and production assets must be carefully managed to...
https://www.hellenicshippingnews.com/how-to-manage-natural-gas-leak-detection/
SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has agreed to acquire two new eco-design feeder container vessels in combination with long term time charters to a leading European liner company. The Company expects to take delivery of the vessels from the shipyard...