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  • Baltic index declines as rates of larger vessels dip
    by hellenicshippingnews. on 23 July 2024 at 09:00

    The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Monday as the rates for capesize and panamax vessels fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 6 points, or 0.3%, to 1,896. The capesize index fell 16 ... […]

  • LNG shipping stocks: Holiday decline
    by hellenicshippingnews. on 23 July 2024 at 09:00

    Last week, the UP World LNG Shipping Index (UPI) declined by 0.63% to 165.53 points, marking its second consecutive week of decline amid low trading volumes and increased market volatility typical of the holiday season. New Fortress Energy led the gainers with over 20%, driven by the launch of its FLNG Altamira LNG project, while ... […]

  • Spain detains cargo ship over fuel spill near Ceuta
    by hellenicshippingnews. on 23 July 2024 at 09:00

    Spanish authorities have detained a German-operated cargo ship for causing a spill during a refuelling operation near the Spanish enclave of Ceuta, Spain’s Merchant Fleet said on Monday. The Antigua & Barbuda-flagged Tony Stark ship cannot leave the port on Africa’s north coast until the owners pay bail of 120,000 euros ($130,524), it added. The ... […]

  • Cepsa plans to transfer Japan-bound naphtha from Hafnia tanker
    by hellenicshippingnews. on 23 July 2024 at 09:00

    A 2017-built Long Range I, or LR1 tanker, the Hafnia Nile, which collided with a 24 year old VLCC, the Ceres I, late last week, plans to transfer its naphtha cargo before proceeding for repairs, its operator, Hafnia and tanker brokers said July 22. Hafnia is working closely with the Malaysia Marine Department and the ... […]

  • Iran’s Revolutionary Guards intercepted an UAE managed tanker, Ambrey says
    by hellenicshippingnews. on 23 July 2024 at 09:00

    Iran’s Islamic Revolutionary Guard Corps (IRGC) have intercepted a Togo-flagged, UAE-managed products tanker carrying 1,500 tons of marine gas oil, British security firm Ambrey said on Monday. The vessel had loaded marine gas oil off the coast of Iraq and was destined for UAE’s Sharjah when it was intercepted onSunday 61 nautical miles southwest of ... […]

  • Condolence message from International Chamber of Shipping on the death of Spyros M Polemis
    by hellenicshippingnews. on 23 July 2024 at 09:00

    The Board of Directors of the International Chamber of Shipping (ICS) are deeply saddened to hear the news of the death of Spyros M Polemis, who served as Chairman of ICS from 2006 to 2012. Mr Polemis had a long history of leadership of our industry previously serving on the ICS Board for many years ... […]

  • Intership Navigation Announces the Successful Migration of 3,000 seafarers to Mintra Trainingportal
    by hellenicshippingnews. on 23 July 2024 at 09:00

    Intership Navigation Co. Ltd, a leading ship and crew management service provider, proudly announces the successful migration of its fleet of over 100 vessels and 3,000 seafarers to Mintra’s Trainingportal Learning and Competency Management System. This milestone demonstrates Intership’s commitment to enhancing the training, career progression, and safety of its seafarers. Mintra, a leader in ... […]

  • Why less critical spare parts for ships may matter more than you think
    by hellenicshippingnews... on 22 July 2024 at 21:00

    Ship owners and operators want reliable operations – and they also need to stay in budget. This is why many buy critical engine components from an original equipment manufacturer (OEM) and less critical, cheaper parts from a non-OEM supplier. But it may come as a surprise that even the less critical parts matter more than ... […]

  • IMO GHG regulations to squeeze Dry Bulk supply
    by hellenicshippingnews... on 22 July 2024 at 21:00

    The IMO’s enforcement of EEXI and CII regulations from January 1, 2023 marks a significant step in reducing greenhouse gas emissions from the maritime industry. As the regulations become stricter and the major impact expected post-2024, shipowners must proactively monitor and enhance their fleet’s emission profiles to ensure the commercial viability of their vessels. A ... […]

  • Shipping: Global container rates edge higher, volumes shifting to West Coast ahead of tariffs
    by hellenicshippingnews... on 22 July 2024 at 21:00

    Global shipping container rates edged slightly higher this week as they continue to moderate after more than doubling from early-May, and rates from Shanghai to the US West Coast fell, according to supply chain advisors Drewry. Drewry’s composite World Container Index (WCI) rose by just 1% and is up by just 1.2% over the past ... […]

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