This technical news provides further clarifications regarding the oily water separator sampling point referred to in Technical and Regulatory News No. 15/2023. An oily water separator (OWS), bilge separator or oil filtering equipment is required by MARPOL Annex I, Regulation 14 to be installed on...
HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries Co. have secured Approval in Principle (AIP) from the UK’s Lloyd’s Register for their groundbreaking low-carbon electric propulsion system (phase II) for super-large crude oil carriers, according to the companies’ holding...
https://www.hellenicshippingnews.com/hd-hyundai-develops-electric-propulsion-system-for-large-ships/
Due to the continued very high inflation and increased prices, the Hamburg Port Authority (HPA) will raise port fees by an average of 6.5 percent from January 01, 2024. Friedrich Stuhrmann, Chief Commercial Officer of the HPA: “Our aim is to be able to offer our customers in the Port of Hamburg an...
https://www.hellenicshippingnews.com/hpa-adjusts-port-fees-as-of-january-2024-2/
Elpi Petraki, President of WISTA International, opened the 2023 AGM in Montevideo, Uruguay, on Tuesday, 25 October, by welcoming representatives from a record 56 national WISTA associations (NWAs). The majority were present in person, while some participated online. After a roll call of NWAs,...
At best sluggish lending volumes The banking sector has felt the impact of a slowing economy and higher rates in 2023. Private sector lending has been sluggish, and lending books have declined to slightly below the levels seen at the end of the year, both for households and corporates. Consumer...
https://www.hellenicshippingnews.com/five-factors-driving-bank-bond-supply-next-year-2/
Oil slipped more than 1% on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week’s U.S. Federal Reserve meeting and other indications of global economic health. Crude had jumped 3% on Friday after Israel stepped up...
https://www.hellenicshippingnews.com/oil-falls-more-than-1-as-concerns-about-mideast-supply-ease/
Amendments concerning damage stability in cargo ships, load line protocol and prevention of pollution by noxious liquid substances carried in bulk. I am making this statement to fulfil obligations relating to the implementation of amendments to international merchant shipping requirements into UK...
QatarEnergy has offered more term gas-to-liquid gasoil cargoes loading in 2024, along with up to two December-loading lots, three sources familiar with the matter said. The state-owned refiner is seeking to sell at least 324,000 barrels of gasoil per month between December and March 2024 or...
https://www.hellenicshippingnews.com/qatarenergy-offers-more-2024-term-gasoil-cargoes-sources/
The congestion at the main Brazilian ports for agricultural commodities exports could exacerbate a tightness in the global sugar market, according to the co-head of sugar trading for Sucden, Dimitri Varsano. Speaking to Reuters before the Sugar Dinner in Sao Paulo Thursday night, Varsano said the...
Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as investors await a Federal Reserve meeting and key U.S. data in the week ahead. Prime Minister Benjamin Netanyahu said on Saturday that Israeli forces had...
https://www.hellenicshippingnews.com/investors-on-edge-as-middle-east-conflict-intensifies-2/