Heavy rain is helping stabilise the river Rhine in Germany as it suffers low water levels, but it is unlikely to be enough to solve freight shipping problems, navigation authorities said on Thursday. Shallow water is hampering shipping on the entire river in Germany south of Duisburg and freight...
https://www.hellenicshippingnews.com/rain-helps-rhine-in-germany-but-shipping-problems-remain/
Singapore’s very low sulphur fuel oil (VLSFO) market has retreated from an earlier rally amid prospects of higher regional inflows this month. The 0.5% VLSFO cash differential fell day-on-day to a premium of $78.20 per tonne to Singapore quotes on Wednesday. The market has cooled off slightly from...
https://www.hellenicshippingnews.com/vlsfo-rally-eases-on-higher-regional-supply-inflows/
Between 1996 and 2021, the lowest half-yearly tanker contracting volume was 3.0m DWT, recorded in the first half of 1999. Despite improved freight rates and a more positive market outlook, the first six months of 2022 ended with barely more than half that volume: only 1.6m DWT was contracted....
Global bunker indices continued moderate decline over the Week 29. The 380 HSFO index went negative by another 1.09 USD: from 642.68 USD/MT to 641.59 USD/MT. The VLSFO index, in turn, fell by 12.28 USD: from 978.95 USD/MT to 966.67 USD/MT. The MGO index also lost 14.50 USD (from 1265.12 USD/MT to...
https://www.hellenicshippingnews.com/mabux-bunker-prices-to-remain-on-correction-path-next-week/
Low water levels on the River Rhine in Germany continue worsening and some barges are only able to load at 30% of their capacity on some parts of the key northwest Europe waterway, authorities said to ICIS on Wednesday. Barges in the Middle Rhine, which includes key petrochemicals hub in the...
Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”) announces that differences arose between the consolidated financial forecasts for the fiscal year ending March 2023 from the previously announced forecasts on May 9, 2022. Due to stable Drybulk and Logistics transportation demand and market...
https://www.hellenicshippingnews.com/k-line-expects-improved-business-performance/
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has already decided to install “Seawing”, an automatic kite system developed by AIRSEAS SAS Ltd. (AIRSEAS), on two of our Capesize bulkers, and has now signed the contract for the purchase of three additional “Seawing” units with AIRSEAS. The additional...
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company”or “DIS”), an international marine transportation company operating in the product tanker market, announces that its fully-owned operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers” or “Subsidiary”), has...
AAL Shipping’s (AAL) longstanding ‘Asia to Australia East & West Coast Liner Services’ successfully delivered a series of five project cargo shipments from China to Eastern Australia for a major brownfields coal project in Mackay, Queensland. Harnessing several of AAL’s 19,000DWT S-class fleet of...
China’s exports of very-low-sulphur marine fuel was flat in June versus May at 1.41 million tonnes, with year-to-date sales remaining 7% below year-prior levels, customs data showed on Wednesday. Exports for the first half of 2022 totalled 9.09 million tonnes, compared to 9.81 million tonnes a year...