Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain, oil an…
Black Sea Shipping Rates Soar 20% as Reinsurers Cut Cover Read More »
Some of the biggest stories TradeWinds covered this week
In his annual New Years’ address to employees, NYK President Hitoshi Nagasawa warned that while markets, particularly the containershipping market, will be more challenging in 2023 compared to the past two years, overall the group has “long anticipated…
NYK President Nagasawa Outlines Challenges, Priorities in 2023 Read More »
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of […]
The post Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut appeared first on Offshore Energy.
Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut Read More »
Chinese shipping company China Merchants Energy Shipping (CMES) has taken delivery of an eco-friendly very large crude carrier (VLCC) from compatriot shipbuilder Dalian Shipbuilding Industry Company (DSIC).
The post CMES takes delivery of eco-friendly …
CMES takes delivery of eco-friendly VLCC from DSIC Read More »