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Interview: How Smart Are Your Ships?

Becoming “smart” in the shipping industry has been a hot topic over the recent period as the rise of technology promises to unlock numerous benefits, ranging from cost cutting to improved productivity and effectiveness. Smart containers, smart ships, smart ports are the buzzwords being repeated on a daily basis. But the question is: how to [...]

By | 2018-12-17T07:10:49+00:00 December 17th, 2018|News|0 Comments

Australia to Improve Working Conditions in Live Sheep Trade

The Australian Livestock Exporters’ Council (ALEC) has recently made a move to improve working conditions in the country’s live sheep trade. Namely, the council agreed to guarantee that ships taking their Australian cargo to foreign markets have either a national collective agreement or an International Transport Workers’ Federation (ITF) agreement ensuring the rights and conditions [...]

By | 2018-12-17T07:06:10+00:00 December 17th, 2018|News|0 Comments

India registers double-digit trade growth in Q3 2018

India’s containerised export trade with the world grew a healthy 10% in the third quarter of 2018 (Q3) due to broad- based recovery in the manufacturing sector, globally buoyed by a surge in demand from end-user industries. One of the contributing factors for higher exports is the sharp depreciation of the Indian rupee against the [...]

By | 2018-12-17T07:01:19+00:00 December 17th, 2018|News|0 Comments

Moby increases turnover and freight volumes

Despite month results have been adversely affected by an increase in bunker prices and by several investments in start-up activities that enabled the group to acquire a 40% share of sea routes in the Sicilian market, Moby Group was able to increase its total volumes in freight by 11% and to increase its revenues. For [...]

By | 2018-12-17T06:58:28+00:00 December 17th, 2018|News|0 Comments

Uncertainty lingers in fuel markets despite OPEC cuts

World oil indexes rose steeply on December 7 as OPEC+ agreed to reduce output to drain global fuel inventories and support the market. However, later on the decision to cut 800,000 bpd (OPEC) plus another 400,000 bpd (non-OPEC) has failed to have any significant effect on international prices, with the improvement possibly a lot more [...]

By | 2018-12-17T06:55:45+00:00 December 17th, 2018|News|0 Comments

Palmali to fight court ruling on bankruptcy of Russian arm

Palmali, one of the biggest players in Russia’s river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firm’s owner said. Last month, a court in Rostov-on-Don in southern Russia declared the Palmali unit bankrupt. The unit owes $180 million [...]

By | 2018-12-17T06:52:01+00:00 December 17th, 2018|News|0 Comments

Nakilat receives “Innovative Player of the Year” Award by The Oil & Gas Year

Nakilat is honoured to receive the “Innovative Player of the Year” Award by The Oil & Gas Year (TO&GY), in recognition of the company’s innovative pursuits towards sustainable growth. The award was personally presented to Nakilat Chief Executive Officer (CEO) Eng. Abdullah Al Sulaiti by TO&GY Qatar Country Director Jurian Steeghs earlier today at Shoumoukh [...]

By | 2018-12-17T06:47:58+00:00 December 17th, 2018|News|0 Comments

Amsterdam-Rotterdam-Antwerp naphtha inventories rebound, gasoline flat on week

Naphtha inventories in the Amsterdam-Rotterdam-Antwerp hub rebounded by 15,000 mt in the week ending Wednesday, but remained near a year low amid seasonal destocking, according to the data from PJK International. However, that level is down marginally from about the same point last year, a decline of 2,000 mt. Naphtha stockpiles had been generally dwindling [...]

By | 2018-12-17T06:45:18+00:00 December 17th, 2018|News|0 Comments

Shipping costs from China to the US have more than doubled as trade war sparks a ‘bonanza’

The price of shipping a container from China to the United States has risen dramatically in the last year due to uncertainty surrounding trade tensions between Washington and Beijing. That’s because Chinese exporters have been rushing to get goods to U.S. ports before new tariffs kick in, but data are suggesting that trend may soon [...]

By | 2018-12-17T06:10:34+00:00 December 17th, 2018|News|0 Comments

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