Iraq’s crude oil exports have fallen so far in August, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is delivering more of its pledge to cut supply under an OPEC-led deal. Southern Iraqi exports up to Aug. 25 have dropped to 2.63 million barrels per day...
https://www.hellenicshippingnews.com/iraq-cuts-oil-exports-in-august-pumps-below-opec-target/
KVH Industries, Inc., (Nasdaq: KVHI), is pleased to introduce TracVision® TV10, the newest marine satellite TV antenna in KVH’s award-winning TracVision series. A 1-meter ultra-high efficiency marine antenna, the TracVision TV10 provides the biggest coverage footprint in KVH’s TracVision series and...
Western European hot rolled coil prices increased in August, supported by high raw material costs and uncompetitive import offers. Trading activity is slow, as is traditional during the summer holiday period. Steelmakers continue to operate at a low level of capacity utilisation, following the...
COSCO SHIPPING Ports Limited, the world’s leading ports operator, today announced interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2020. 2020 Interim Results Highlight Revenue was US$452.7 million -12.6% yoy Gross profit was US$ 99.2 million,...
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the second quarter and the first half of 2020. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “Star Bulk announced...
A renewed rise in COVID-19 cases in parts of Europe and elsewhere have underlined worries about the outlook for energy demand. Expectations now are that the Covid-19 impact will last longer than originally forecast. The World Bunker Index MABUX still did not have any firm trend in the last 7 days...
The Baltic Exchange’s main sea freight index inched down on Thursday, as rates for capesize and supramax vessels declined. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was down by 5 points, or 0.3%,...
https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-capesize-supramax-rates/
A new mapping of zero emission pilots and demonstration projects from the Getting to Zero Coalition reveals the scale and breadth of projects already underway and highlights key trends in the maritime sector’s path to decarbonization. Zero emission fuels and technologies for maritime shipping need...
Frontline Ltd., yesterday reported unaudited results for the three and six months ended June 30, 2020: Highlights • Net income of $199.7 million, or $1.01 per diluted share for the second quarter of 2020. • Adjusted net income of $206.1 million, or $1.04 per diluted share for the second quarter of...
https://www.hellenicshippingnews.com/frontline-reports-strongest-results-in-10-years/
Common Structural Rules Software LLC (CSR), a joint venture company formed by ABS and Lloyd’s Register (LR), has updated its products to comply with the latest Rule Change Notice (RCN) from the International Association of Classification Societies. The CSR Prescriptive Analysis (PA) and CSR Finite...