The Baltic Briefing has issued the tanker report for the 40th week of this year. The report dated 4th October 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
The markets made...
The Baltic Exchange’s main sea freight index edged higher on Monday, as a rise in panamax vessel demand offset declines in both the capesize and supramax segments, reports Reuters.
The Baltic index, which tracks rates for ships carrying dry...
According to an article published in Freight Investor Services, Dalian Commodities Exchange (DCE) closed lower on Tuesday for the second consecutive trading day this week.
Active DCE contracts
The most actively iron ore futures contract on the DCE, for January...
Hapag-Lloyd Cruises has planned to switch over to low-pollutant MGO from July 2020 in an effort to cut total sulphur emissions by 80%.
It has voluntarily committed to using MGO with less than 0.1% sulphur content to operate...
According to an article published in Ship and Bunker News, a group of oil majors represented via OGCI Climate Investments has led an $8.8 million investment round in Finland's Norsepower.
Wind-power solution
This investment is to help boost the uptake of...
In a move to promote fair distribution, Maersk Tankers has announced that its tankers are ready for scrubber-fitted vessels ahead of IMO 2020.
Maersk Tankers uses its proprietary methodology Bunker Adjustment to distribute payments to pool partners based...
SK Energy becomes the first Korean manufacturer to issue green bonds in an effort to strengthen eco-friendly businesses, reports The Korean Herald.
A green bond is specifically earmarked to be used for climate and environmental projects.
Green bonds worth 300 billion...
According to a Reuters report, China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.
Unipec...
A development that inspired Nordic countries to propose a rail line to newly accessible ports.
This has led the U.S. Coast Guard to invest in more icebreakers for the extended Arctic shipping season.
CMA CGM announced in August...
Dalian Commodities Exchange (DCE) ended the Monday afternoon session on positive due to tighter supply and anticipation of demand uptick after the Golden week holidays, reports FIS.
DCE Iron Ore Futures Contract
The most actively iron ore futures contract on the...
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