According to an article published in Freight Investor Services, the front end crude spreads and crack is getting slammed in the fuel oil markets after reaching ridiculous highs at the end of last week.
Increase in prices
Relative to crude, Brent...
In a major development, A.P. Moller-Maersk has announced that they are increasing the prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area, reports Reuters.
Tension in the Gulf Driving...
Leading marine operations software company Helm Operations has announced that it has surpassed the 4000 vessel mark on its industry-leading maritime asset management and operations platform, Helm CONNECT, says a press release published on their website.
Helm CONNECT reached the...
Capesize market gains spread into other segments, leading the Baltic Dry Index to reach its highest level since January 2014.
The gains in the capesize market, which has the BDI at 40%, have come about as activity continues...
The Baltic Briefing has released a report about the dry bulk market of the 28th week of shipping activities of this year. The report dated 12th July highlights the plight of the dry bulk market at the on-sight of...
For things to change, we must first change our own mindsets and habits, wrote Maersk CEO, Soren Skou in a LinkedIn post. This was further reported by the leading maritime journals such as the Loadstar which reports this as...
German container shipping company Hapag-Lloyd is currently testing ship-painting robots with nine of its ships, says an article published in their website.
Manual work replaced with robots
Traditional manual work is increasingly being replaced by automated processes, such as self-driving Automated...
A Joint Industry Project has been launched by ABS and MARIN to assess the performance of wind-assisted shipping propulsion technologies.
The JIP covers a majority of all marketed wind-assisted ship propulsors and aims to overcome barriers to adopt these technologies.
...
Although the focus of the IMO 2020 regulations is the sulfur content of fuels that will affect tanker and containership profitability, the fallout is much more pervasive than that. Dry bulk shipping will see major effects as well, asserted...
JPMorgan doesn’t seem to mind about its ship getting seized by US customs weeks after more than $1 billion worth of cocaine was found aboard, reports Business Insider.
Financial service company isn't sweating much
JPMorgan hasn't yet felt inclined to publicly...
- Advertisement -
