Agreement on common definitions for nautical port information enables communications between computers. The global exchange of standardised nautical information is now a step closer. An international group reached agreement in Rotterdam regarding standardised data definitions for the global...
https://www.hellenicshippingnews.com/broader-support-base-for-common-nautical-standards/
Tensions between Russia and Ukraine in the Azov Sea should not significantly affect Russia’s grain exports because it is low season, TASS news agency quoted the Russian agriculture ministry as saying. “The Azov route is being actively used for Russian grain exports during the river navigation...
RWE AG plans to buy more U.S. liquefied natural gas after signing two contracts this year in a strategy to bulk up the utility’s sources of the super-chilled fuel. Germany’s biggest power producer agreed on supplies of U.S.-produced LNG for the next couple of years and is negotiating longer-term...
https://www.hellenicshippingnews.com/rwe-to-buy-more-u-s-lng-as-trump-promotes-gas-riches-in-europe/
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”) signed a memorandum of agreement and bareboat charter contract for the sale and...
China’s latest round of oil product export quotas for the rest of this year will comprise 760,000 mt for gasoline, 1.3 million mt for gasoil and 110,000 mt for jet fuel, market sources said Friday. “The breakdown is based on oil companies’ application and the official approval is expected to be...
Nikolas Tsakos-led tanker owner sees lower net revenue thanks to higher costs in the spot market, misses Wall Street consensus.
https://www.tradewindsnews.com/finance/1646304/tsakos-energy-navigation-widens-loss
Freight rates to carry a 59,000 mt bauxite cargo from Kamsar in Guinea to San Ciprian in Spain on a Panamax-size vessel have dropped to a 21-week low of $10/mt amid over-tonnage in the West African region. Since hitting an all-time high of $13/mt on October 16, rates have dropped $3/mt or 23%, S&P...
The International Maritime Organization’s more stringent bunker fuel requirements from 2020 will provide support for refineries, at least in the medium term, delegates at the World Refining Association conference in Cannes said Wednesday. The IMO will impose a global 0.5% cap on marine fuel sulfur...
“Transaid’s programmes have been proven to work and I hope the industry recognises the value they add.” HRH The Princess Royal
Last week, we celebrated our 20th anniversary celebrations with a special showcase event in London, attended by more than 150 industry supporters, partners and development organisations, together with our Patron HRH The Princess Royal and the entire Transaid team.
The event highlighted Transaid’s activities in sub-Saharan Africa, which have been made possible thanks to...
http://www.allaboutshipping.co.uk/2018/11/30/transaid-turns-20/