Chartering

Image Credit: Maritime Executive Repost: The Gibraltar government and the port authority are reporting that the situation remains stable after a bulker departing the port overnight clipped an anchored LNG carrier and began taking on water. The vessel was beached on the eastern side of the territory while surveys and …

Image Credit: Seatrade Maritime News Repost: Shipping’s analyst community has come to life buoyed in part by a burst of strength in the crude tanker sector as the Q2 earnings season kicks off. Analyst Greg Lewis from BTIG, in a recommendation of shares in International Seaways (NYSE: INSW) said it …

Image Credits: The Maritime Executive Repost: Whether you like it or not, the maritime industry is the usual suspect when the talk focuses on environmental pollution and emissions. However, this is no surprise as this industry is carrying over 90 percent of world trade. The ships are massive and with …

Image Credit: Shipping Herald Repost: The Baltic Exchange’s main sea freight index dipped on Tuesday, snapping a five session winning streak, as rates declined across the larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, lost 116 points, or 3.4%, to 3,253. The …

Image Credits: Seatrade Maritime News Repost: The vessel will be the first to use MAN Energy Solution’s G60 dual-fuel ammonia engine, will be flagged in Singapore, classed by ABS and built at HHI for delivery as early as 2025. The organisations involved signed an MoU at Posidonia, accelerating progress in …

Image Credits: The Maritime Executive Repost: Last weekend, the Indian government announced its move to increase export duties on finished steel and iron ore, with effects that could reverberate through the shipbuilding market. Effectively, the government imposed a 15 percent export duty on product categories that accounted for almost 95 …

Exorbitant coal prices from past power shortages not expected to ease without enforcement measures China’s coal imports reportedly surged 43 per cent in April, catalysed by panic buying over concerns of supply disruption in the wake of Russia-Ukraine conflict. As a result, traders turn to cheap domestic supply. High demand …

While one country is obsessed with conflict, others are worried about economic problems The latest set of punishment dished to Russia was the European Union’s (EU) proposal to wean itself off Russian oil and refined products by year end. Looking at the severity of global trade mayhem, have the sanctions …

Battling heatwave and in desperate need for power, the Rupee-rouble payment may go live The country is staring at another power crunch as it bakes by the minute. This time, India’s power ministry has set a delivery target of 19 million tonnes of coal imports by end of June 2022 …

The EU declared a full ban on Russian oil and refined products to be in force by end of 2022 It was preparing sanctions on Russian oil sales over its invasion of Ukraine after a major shift by Germany, Russia’s biggest energy customer. That could deprive Moscow of a large revenue stream …