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Proman Stena Bulk refuels ship with methanol for very first time in Singapore

Posted to Maritime Reporter on May 24, 2024

metric tons of methanol in Singapore on Friday, the business's. initially such operation there. The operation paves the way for more cleaner-burning fuels. to be supplied to ships in Singapore, the world's biggest. bunkering port. Shipping creates 3% of global greenhouse gas. emissions.

Yemen's Houthis state they introduce attacks on 3 ships consisting of one in Mediterranean

Posted to Maritime Reporter on May 24, 2024

Sarea said on Friday. is solidarity with Palestinians battling Israel in the Gaza war. Mediterranean Sea and MSC Alexandra in the Arabian Sea. avoids entry into occupied Palestinian ports, Sarea included. He did not clarify when the attacks happened. The U.S.

Italy's Fincantieri establishes Saudi shipbuilding system

Posted to Maritime Reporter on May 24, 2024

its new unit Fincantieri Arabia, the group stated on Wednesday. an industrial conference. the Middle East in recent years. Saudi market and was well placed for development in the region. of its incomes. establishing strategic collaborations.

Baltic index logs weekly dip as capesize rates decrease this week

Posted to Maritime Reporter on May 24, 2024

bigger capesize section likewise succumbed to the week. point, or 0.06%, to 1,797 points. by 2.55%. * The capesize index inched up 29 points, or 1.12%,. to 2,613. The index signed up a weekly decline of over 2.31%. * Average everyday revenues for capesize vessels,.

Deutsche Bahn narrows list of bidders for Schenker to 4, sources state

Posted to Maritime Reporter on May 24, 2024

sources familiar with the matter told Reuters on Friday. billion euros ($ 16.26 billion), the sources said. included. financial obligation. the Middle East, one of the sources told Reuters. in a consortium with CVC, among the sources said. talk…

India's Adani Ports to change Wipro in Sensex after BSE rejig

Posted to Maritime Reporter on May 24, 2024

the index stated on Friday. Adani Group company to join the Sensex, efficient June 24. announcement. Nifty 50. Nuvama Option and Quantitative Research. corporation. 157.4%, respectively. companies to bounce back from the drop. fourth-quarter revenue, assisted by record freight volumes.

India's Adani Enterprises recovers to pre-Hindenburg levels

Posted to Maritime Reporter on May 24, 2024

in January 2023, before a report by U.S. Research study activated a selloff in billionaire Gautam Adani's. portstopower conglomerate. Shares of the Adani group's flagship company increased as much as. 2% to 3,453.7 rupees. The stock had closed at 3,442 rupees on. Jan.

Boeing sees free money burn in 2024 as deliveries remain sluggish

Posted to Maritime Reporter on May 24, 2024

the U.S. production of its strongestselling aircraft. generation in the low single-digit billions. to fall 7.6% to close at $172.21 on Thursday. by Boeing simply weeks earlier. Rankings. Airline companies jetliner while in mid-air. shipments to China were delayed in recent weeks due to a.

Baltic index sees minor drop as capesize remains constant

Posted to Maritime Reporter on May 24, 2024

offset decreases in smaller vessel rates. or 0.44%, to 1,796. * The capesize index was steady at 2,584. coal, among others, increased $3 to $21,432. expert Filipe Gouveia wrote in a note. * China's coal shipment outlook depends on its federal government's.

Greece takes apart gang trafficking drugs from Latin America to Europe

Posted to Maritime Reporter on May 24, 2024

on Thursday. Two Albanians and 2 Greeks were detained after a. months-long investigation released by Greek drugs and contraband. enforcement authorities in cooperation with the U.S. Drug. Enforcement Administration (DEA). Lots of plastic bags including more than 210 kg of.

Russian oil ship-to-ship operations fall in May as Greece extends naval advisory

Posted to Maritime Reporter on May 24, 2024

and traders' information revealed. longer journeys. ports and the Suez canal, which offers access to Asian markets. location. Most recently, Greece extended an advisory up to June 24. ministry authorities informed Reuters. that may be a reason behind the decline in STS activity.

Singapore fuel oil stockpiles plunge to least expensive in 5-1/2 years

Posted to Maritime Reporter on May 24, 2024

Singapore's onshore fuel oil stockpiles plunged to a 51/2 year low in the week ended May 22, regardless of a rebound in net imports, information revealed on Thursday. Stocks for fuel oil lost 17.46% weekly to log 15.778 million barrels

Ship off Yemen reports missile strike nearby, vessel and team safe, UKMTO states

Posted to Maritime Reporter on May 24, 2024

of Yemen reported a rocket striking the water nearby, Britain's. sea trade monitoring firm reported on Thursday, including that. all team and the vessel were safe and continuing to the next. port of call. The UK Maritime Trade Operations (UKMTO) agency.

India, Egypt leading locations for Russian seaborne fuel oil, VGO exports in April, LSEG information shows

Posted to Maritime Reporter on May 24, 2024

( VGO) exports in April, traders stated and LSEG information showed. Reuters estimations revealed. oil and VGO was redirected to other areas, mostly Asia. 0.4 million lots the previous month. information and Reuters' estimations. traders said.

Baltic index hits near three-week short on weaker capesize rates

Posted to Maritime Reporter on May 24, 2024

on Wednesday, weighed down by lower rates for capesize vessels. or 1.37%, to 1,804, its lowest level considering that May 2. 2,584. coal, to name a few, reduced $586 to $21,429. cargo and an abundance of vessels. said in a weekly note on Tuesday. customer.

Russia prepares to ocean blue terminal for LPG exports to Asia by 2025-end, sources state

Posted to Maritime Reporter on May 24, 2024

2025, 2 market sources stated on Wednesday. the marine terminal in Russia's Far East to deliver LPG. provide the timings for the task completion. The arrangement, signed ahead of President Vladimir Putin's. check out to China on May 16-17, imagines investing 7 billion.

Urals diffs unchanged, CPC Blend oil exports set to rise in June

Posted to Maritime Reporter on May 24, 2024

exports were set to rise in June, sources stated. May, 2 sources acquainted with the matter stated. 12% next month from May, Reuters calculations showed. grade's values, traders said. lower than recent quotes of the grade. rate. Platts window on Tuesday.

Greek court drops charges over fatal shipwreck, 9 males to stroll totally free

Posted to Maritime Reporter on May 24, 2024

the disaster was in international waters. for Italy before it capsized off southwestern Greece on June 14. Only 104 survivors were saved and 82 bodies discovered. coasts, often in small, weak boats. migrant smuggling, triggering a shipwreck and taking part in a.

Celebrating National Maritime Day: Honoring the Past, Navigating the Future

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News ) on May 22, 2024

Every year on May 22nd, the United States celebrates National Maritime Day, a special occasion that recognizes the vital role of the maritime industry in our nation's economy, security, and prosperity.

Ukrainian Navy Claims Successful Strike on Russian Missile Ship and Minesweeper in Sevastopol

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News ) on May 21, 2024

Kyiv, Ukraine - The Ukrainian Navy has announced that it likely inflicted serious damage or sunk two Russian vessels, including the Black Sea Fleet's last missile carrier, during a strike on the bay of Sevastopol in Russian-occupied Crimea on Sunday, May 19.

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