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Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S.
https://www.marinelink.com/news/venezuela-oil-sector-hit-loss-widest-us-513085
https://www.marinelink.com/news/venezuela-oil-sector-hit-loss-widest-us-513085Iron ore futures rose for a second straight session on Thursday, underpinned by heightened expectations of growing demand in top consumer China on the back of improved downstream demand and steel margins. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.07% higher at 874 yuan ($120.75) a ...
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-expectations-of-growing-china-demand/
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-expectations-of-growing-china-demand/After a trading lull during the Lunar New Year in early February, US-Brazil met coal freight has dipped further, as time-charter rates dropped to mid-$13,000s/d on April 16, from the high $16,000s at the beginning of March. This fall was fueled by heightened by more-profitable grain-loading activity in East Coast South America, according to market ...
https://www.hellenicshippingnews.com/us-brazil-met-coal-freight-slumps-as-shipowners-shift-focus-to-ecsa-grains/The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 57 points, or 3.1%, to 1,901 points, its highest level since March 26. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/Littoral states around the Baltic are waging a diplomatic campaign to get other countries to back a greater crackdown on Russia’s shadow fleet passing through the region, concerned about the potential for environmental catastrophe with a number of near disasters reported among the ageing fleet of tankers over the past year. Foreign ministers from the …
Offshore engineering specialist Petrofac has been awarded a technical services contract by Equatorial Guinea’s national oil company GEPetrol to support operations on the region’s offshore Block B. Under the contract, valued at around $350m over five years, Petrofac will deliver technical services across onshore support bases, an FPSO, and an offshore platform. The contract includes …
https://splash247.com/petrofac-bags-350m-services-deal-in-equatorial-guinea/
https://splash247.com/petrofac-bags-350m-services-deal-in-equatorial-guinea/Aiming to close what it sees as a gap between academic knowledge and practical training, Bernhard Schulte Shipmanagement (BSM) has introduced a new educational programme for future seafarers. According to BSM, the global merchant fleet will face a shortage of thousands of officers in the coming years. The education programme, named BSM Smart Academy, is …
https://splash247.com/bsm-focuses-on-practice-with-new-maritime-education-programme/
https://splash247.com/bsm-focuses-on-practice-with-new-maritime-education-programme/Nasdaq-listed Greek boxship owner Euroseas has fixed a time charter contract for a feeder boxship. It also agreed to sell one such vessel to an undisclosed buyer. The charter was signed for the 1,740 teu feeder EM Hydra for a minimum period of ten to a maximum period of twelve months at the option of …
https://splash247.com/euroseas-fixes-out-one-feeder-boxship-and-sells-another/
https://splash247.com/euroseas-fixes-out-one-feeder-boxship-and-sells-another/MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts.As part of the ruling…
https://www.marinelink.com/news/akastors-subsidiary-wins-m-case-against-513066
https://www.marinelink.com/news/akastors-subsidiary-wins-m-case-against-513066Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels being built for Purus.The ships are under construction at the HD Hyundai…
https://www.marinelink.com/news/purus-picks-wrtsils-cargo-handling-fuel-513071
https://www.marinelink.com/news/purus-picks-wrtsils-cargo-handling-fuel-513071