U.S. Refineries Shut, Oil settles down 1%

OPEC+ expected to proceed with an output increase Hurricane Ida shuttered refiners on the U.S. Gulf Coast oil settles down 1% as U.S. refineries shut Washington pushes OPEC to pump more Oil settled down...

Ningbo Containerised Freight Index

Weekly composite index covering 20ft, 40ft, and Hi-Cube box rates says an article published in Baltic Exchange. Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange. Route 2021-8-27 2021-8-20 Weekly change (%) Ningbo -...

Oil Tanker Arrested Over An Alleged Entry Permission Offense

  Malaysia Maritime Enforcement Agency (MMEA) on Friday (27 August) said it has arrested an oil tanker over an alleged entry permission offense at eastern Johor’s waters. Johor State Maritime Director, First Admiral Nurul...

Natural Gas Prices Falls, Traders Profited from Hurricane Landfall

Natural gas futures were steady on August 31 after hitting a new 52-week high yesterday on the MCX as participants increased their long position as seen by the open interest. The gas...

Nor-Shipping Ready to Re-Engage, Re-Energise & Reboot Industry

Increased vaccination levels, easing international travel restrictions, and a desire to break free from screens, are combining to fuel expectations, and exhibition bookings, ahead of Nor-Shipping 2022, says an article published on their website. The...

Weekly Bulk Report – Week 34, 2021

The Baltic Exchange has released a report about the dry bulk market for the 34th week of shipping activities of this year. The report dated 27th August highlights the dry bulk market conditions at the...

Impact Of Brexit On UK Ports Half Year Later

Post-Brexit: measuring the impact on UK ports half year later Brexit is quickly changing trading relationships the pandemic has accelerated the 4th industrial revolution the UK has introduced new requirements when it...

Long-term Contracts With Shippers Obvious, Unprecedented Freight Rate

Shippers and BCOs must be prepared to take part in “beauty contests” to determine their suitability for long-term contracts with their carriers. But, given the extent to which the market has pivoted in...

How Will Autonomous Shipping Affect The Maritime Industry?

Nowadays, technological advancements, including automation, are making transportation more complex and sophisticated, which undoubtedly will bring changes as well as opportunities. Vessels could be assisted by any type of technology which involves automation. With the...

Wärtsilä’s First Step Towards Transition From Diesel to Gas

Wärtsilä specialises in gas conversion projects that make the switch from diesel to natural gas, LNG, and, ultimately, synthetic green fuels, says an article published on their website.  Transition from diesel to gas Transition from diesel...