Saudis Reduce Oil Prices To Gain Asian Orders
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers.
It is raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand outlook.
A...
Moving Cars Across the Ocean Reaches An All-time High of 13 Years
The cost of moving cars across the ocean is surging says a says a Bloomberg news report by Alex Longley and Damian Shepherd.
Car Carriers fetch highest rates
Vessels that carry autos and industrial machinery fetched...
Boxship Charter Prices Are $200,000 Per Day
$200,000 a day for a boxship charter; $125m for a six-year-old, 6,865 teu vessel – the scorching container shipping sector has entered supernova territory.
The records continue to tumble in box shipping’s most...
New Mutation Makes Tanker Shipping Market Bleak
New virus mutations and outbreaks have slowed the recovery in global oil demand as some countries lock down again and international travel remains complicated.
BIMCO estimates, a standard VLCC must earn around USD...
China Makes Record Level Trade Despite Covid 19
China's trade with the rest of the world surged to record highs last month.
Easing fears that a stubborn coronavirus outbreak and the global shipping crisis were stalling the economy.
A recent news article...
EU Adopts Strategy To Deploy Zero-emission Vessels By 2030
The partnership board of the Zero-Emission Waterborne Transport has adopted a strategy which will enable Europe to demonstrate deployable zero-emission maritime and inland ships by 2030, reports Offshore Energy.
Zero-emission maritime and inland ships
On...
Consortium To Deliver CCUS Projects Launched in UK
Aker Solutions, Siemens Energy and Doosan Babcock have formed a consortium.
The consortium will develop technology and solutions for the growing UK carbon capture, utilization and storage (CCUS) market.
Aker Solutions, Siemens and Doosan...
BIMCO’s Peter Sand Joins Xeneta
Xeneta, the leading ocean and air freight rate benchmarking, market analytics platform and container shipping index, announced the appointment of Peter Sand as Chief Analyst at Xeneta.
A staple in the market
Xeneta CEO Patrik Berglund...
Shanghai Energy Exchange To Launch Freight Index Futures
China's Shanghai International Energy Exchange (INE) is looking to launch its freight index futures contract this year, Yang Yiping, the exchange's associate director in the international cooperation and business development department, reports Reuters.
First financially...
Crude Output Tumbles Due To Oil Spill
Oil production down 6.7% to 1.53 million b/d in August
Forcados exports under force majeure since Aug. 13
Operational, technical setbacks keep output below OPEC+ quota
Nigerian oil output has fallen sharply in the...