Tag: Year
ETS: ‘Quite a year’ for ship owners
It has been “quite a year” for ship owners preparing for the EU Emission Trading System, according to Steve Laybourn, chartering manager at Ardmore Shipping. Describing the preparation as a “bit of a rollercoaster ride”, Laybourn urged laggards to move quickly and put in place proactive measures. “We’ve had to negotiate everything from our internal…
Venture Global Announces Fleet of State of the Art LNG Vessels. First vessels to be delivered this year
Yesterday, Venture Global LNG announced the acquisition and construction of a new large fleet of LNG-powered vessels. Venture Global’s fleet will include nine vessels, currently under construction in South Korea, that will be delivered starting later this year. Six vessels will have a cargo capacity of 174,000 m3 and three a cargo capacity of 200,000…
AAL Takes Early Stance On The Eu’s New Year Carbon Emissions Trading Rules
AAL Shipping (AAL) has become the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions. The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry,…
Ecoslops: Esg Rating Up for the 5th Year Running. 2023 Gold Medal and 1st in Its Sub-Sector Ranking
Ecoslops, the cleantech company that is bringing oil into the circular economy, is pleased to announce a further increase in its ESG rating by Ethifinance ESG ratings (formerly Gaïa Research). For the 2022 campaign, the Ecoslops Group has been awarded a score of 79/100, an increase for the 5th consecutive year. The increase in the…
Dry Bulk Grain flows from the U.S & Brazil: Brazilian grain exports broke records this year, outpacing weak US exports
As we enter the fourth quarter of this year, the market is showing a strong resurgence with rates increasing year-over-year. Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’s momentum is evident not only in the large vessel size segment but also in the Supramax…
Russian diesel oil exports in September hit the lowest level of the year
In the last week of September, there is some optimism in the VLCC crude oil freight market after a difficult summer season. It should be noted, however, that while there are positive signs, growth rates in tonne days aren’t yet robust. The real test is ahead as we move into October, with supply figures already…
Xeneta: A turning point for the ocean freight industry? Data reveals first rise in long-term ocean freight rates in a year
After a full year of seemingly freefalling ocean freight rates, the latest market data from Oslo’s Xeneta suggests the industry may finally have reached a turning point. According to the Xeneta Shipping Index (XSI®), which tracks real-time rates developments on a month-to-month basis, September saw an increase of 0.2% in valid, global long-term contracted rates.…
Russian crude oil exports to India in August at lowest level since beginning of the year
The first week of September brings a downward movement in crude oil freight rates and a continued downward trend in VLCC tonne days demand growth. MEG -Rates for China have now fallen to their lowest levels since the beginning of this year, but there is still guarded optimism for a rebound in the third quarter…
Damen Group’s innovative all-electric tug Sparky nominated for the Ship of the Year Award
The first of Damen’s innovative new, all-electric RSD-E Tug 2513 class has been nominated for the 2023 Ship of the Year Award (formerly known as the KNVTS Ship of the Year Award). Sparky is the result of six years of collaboration between Damen and Ports of Auckland Limited (POAL) in a quest for a sustainable,…
Ship Recycling Down 14% So Far This Year
The ship recycling activity has fallen by almost 14% so far this year, according to data from Xclusiv Shipbrokers. This, despite the fact that prices haven’t fallen that much in Southeast Asia. In its latest weekly report, the shipbroker said that “despite the fact that the demolition market is at almost similar levels as one…
