Improving offshore market helps Marco Polo Marine boost profit by 20%
Singapore-listed company’s performance also boosted by acquisitions in Indonesia and Taiwan
Improving offshore market helps Marco Polo Marine boost profit by 20% Read More »
November 2022
Dry Bulk Earnings Expected to Remain Subdued for the Time Being
The dry bulk market is expected to remain in bearish territory for the next few months analysts claim. In its latest weekly report, shipbroker Allied said that “there has been a fair amount of distress noted in the dry bulk sector for some time now. Fo…
Dry Bulk Earnings Expected to Remain Subdued for the Time Being Read More »
Digital Headway On Decarbonisation
Digital solutions that offer progress on decarbonisation are now “amongst the most prolific and persistent requirements” for Maersk Supply Service, according to Kasper Thiesen, Head of IT, as the offshore support vessel operator and solutions provider …
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Two weeks before ban, EU still imports 15% of crude oil from Russia
On 8 June 2022, the European Union (EU) decided to impose a ban on seaborne imports of Russian crude oil and oil products. The ban on crude oil will take effect on 5 December and by then the EU must have found new suppliers and Russia must find new buy…
Two weeks before ban, EU still imports 15% of crude oil from Russia Read More »
Baltic Index Hits 1-week High as Vessel Rates Gain
The Baltic Exchange’s dry bulk sea freight index .BADI touched a one-week high on Thursday, propelled by stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry …
Baltic Index Hits 1-week High as Vessel Rates Gain Read More »