Xeneta: Weekly Ocean Container Shipping Market Update
“Average spot rates are down this week across all main fronthaul trades out of the Far East. From Far East to US West Coast and US East Coast, it is a textbook market development with falling spot rates coinciding with a slight uptick in offered capacity,” said Peter Sand, Xeneta Chief Analyst.“It is a different story from Far East to North Europe where offered capacity has decreased week-on-week but spot rates continue to fall.
Croatia to Allow Russian Oil to Hungary, Slovakia
Croatian pipeline operator JANAF must allow transit of Russian seaborne oil to Hungary and Slovakia, refiner MOL Group said on Friday, noting both countries have exemptions to EU sanctions on such imports.Hungary and Slovakia are scrambling for oil after the Druzhba pipeline from Russia via Ukraine was halted on January 27.MOL has contracted more oil by tankers from various countries, including Russia…
AKOFS Offshore Inks New Vessel Deal with Petrobras
Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel.AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petrobras in Brazil.The contract, valued at $330 million, has a duration of four years, with operations expected to begin in September 2027…
Orange Marine Orders Two More Cable Laying and Repair Vessels from Vard
Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at Colombo Dockyard in Sri Lanka.The vessels will be based on the same design as CS Sophie Germain, delivered to Orange Marine in July 2023.The order continues a long-standing collaboration between VARD and Orange Marine that began in 2012…
