Island Offshore Inks $56m Worth Contracts
Norway’s Island Offshore has been awarded several new vessel contracts.
The company said that all 25 of its vessels were currently employed.
The contracts cover employment across segments.
Norway’s island offshore has been awarded...
New Covid Lockdowns Another Threat To Global Economy
Russia's war in Ukraine is roiling the global economy as policymakers race to get high inflation under control.
The world's second-largest economy is pushing ahead with its "zero-Covid" strategy.
Foxconn, one of Apple's...
GMS Week 10 – NO END IN SIGHT!
Markets have endured another boost off the back of surging commodity prices and there is every expectation that the USD 700/LDT mark will be imminently breached in the sub-continent markets once again.
These are comfortably...
Stealth Omicron Subvariant Spread Is On The Rise
China banned most people from leaving a coronavirus-hit northeastern province.
The National Health Commission reported 1,337 locally transmitted cases in the latest 24-hour period.
Hundreds of cases were reported in other provinces and...
GMS Weekly Report – Week 10, 2022
A Capital Links Shipping news source reveals the market commentary for a better understanding.
Rising global oil prices
Surging global oil prices and Russian sanctions are forcing Western governments to approach those countries they previously sanctioned...
Bunker Prices Gloomy At Present
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated downward changes on Mar.11: says an article published in Mabux.
380 HSFO –...
Asia Middle Distillates: Key Market Indicators for March 14-18
The concerns over supply uncertainty amid the escalating Russia-Ukraine conflict will continue to take center stage in the Asian middle distillates market in the March 14-18 week, keeping gasoil and jet fuel/kerosene prices elevated.
At...
Omicron-hit Chinese Province Bans Travel In A Rare Measure Against COVID
Mainland China reported 1,337 new domestically transmitted COVID infections with confirmed symptoms on March 13.
Over 30% of the 2022 cases were found in the northeastern province of Jilin, which is scrambling to...
This Country Prepares For A ‘Brutal Conflict’ In The Energy Sector
Russia remains a reliable supplier, a world-class guarantor of energy security.
The EC had already outlined a plan to reduce EU demand for Russian gas by two-thirds by the end of 2022.
French...
BP and Eni To Create Largest Producer Company In Sub-Saharan Africa By Combining Businesses
Oil and gas giants BP and Eni have signed an agreement to form a new 50/50 independent company in Angola through the combination of the two companies’ Angolan businesses, says an article published in...