Barrick’s Post

Odfjell: On the record Odfjell has posted record profits as the chemical tanker market has stayed tight. More tankers are due to join the fleet to take advantage of firm earnings. Read the full story here: https://buff.ly/4abtjGX #chemicaltankers

#alternativefuels #bunkering is as important as the selection of the alternative fuels suitable for each market segment and operation type.

There's no doubt the drive to decarbonise is changing the shipping industry. This article by Riviera Maritime Media Ltd highlights the top 5 trends in tugs and towage for 2024: 🔌Electric-powered tugboats 🛠️Alternative fuels in tug construction 💰Major players in takeovers and mergers 🤖Digitalisation and automation ⛽LNG terminals offering new opportunities It will be interesting to see how far these areas affect the towage sector, tug design, construction and operation, pilotage and port operations this coming year and beyond. They will no doubt positively influence the transition towards greener, cleaner practices and operations. https://lnkd.in/e2wDmkNv #tugboat #towage #shipping #shipbroker #brokerage #vessel

Another of International Tug & Salvage's market analysis articles: Rising demand for newbuild tugs is fuelled by fleet renewals, new terminals, port investment and a shortage of secondhand vessels https://lnkd.in/eUHT6kpg

Svitzer, a leading global towage provider, has announced the signing of a contract with Shipyard Estaleiro Rio Maguari for the construction of three new tugboats. This significant investment underlines Svitzer’s continuous commitment to expanding its presence in Brazil, catering to both new and existing customers.  Read The Full Article:- https://lnkd.in/e3RjTUEY The three vessels currently under construction are part of the Robert Allan Ltd. 2300 Rampart Series. Arjen van Dijk, Managing Director for Svitzer Americas, emphasised the strategic importance of this investment: “Svitzer's new build program in Brazil is a testament to our continuous commitment to meet the evolving needs of our customers in this important market." Daniel Reedtz Cohen, Managing Director of Svitzer Brazil, highlighted the continuous growth opportunities in the region: “Brazil’s economy has seen significant growth in the green energy and agricultural export sectors and has a key position in the global energy and food supply." More News At Workboat365.com Subscribe To The Workboat365 LinkedIn Weekly News https://lnkd.in/eMY2JUnT #tugs #tugboat #propulsionsystems #propulsion #shipbuilding #commercialmarine #maritimeindustry #maritime #marine #marineindustry

In a world full of choices - How to make the right one?   The global shipyard industry is not transparent when it comes to sustainability, safety and working conditions, making it challenging for shipowners to make informed decisions and manage risk. Yardscore will provide a comprehensive overview of shipyard practices, helping stakeholders make better decisions and incentivise continous improved operations at shipyards across the globe 🌏 Hear from our Managing Director, Pia Meling, and Head of Technical & HSEQ, Elin Beate Saltkjel, about how YardScore ranks shipyards based on safety, human rights, environmental impact, and responsible operations. Find the full article from ShippingWatch below.

Enroll Now in Tanker Chartering & Operations Certificate We are excited to offer an incredible opportunity to enroll in the Certificate Course in Tanker Chartering & Operations at a remarkable 80% discount on the full course fee. This offer is available for any enrollment completed before 15 July 2024. Course Content: 📒History and Development: Evolution and key milestones in tanker shipping. 📒Geography for Tanker Chartering: Major routes, ports, and geopolitical influences. 📒Market Structure: Overview of the global tanker market and its dynamics. 📒Voyage Estimating: Calculating costs and revenues and using estimating software. 📒Chartering Market Practice: Procedures, negotiation tactics, and market reports. 📒Tanker Voyage Charter Parties: Key clauses, rights, and obligations in voyage charters. 📒Tanker Time Charters: Understanding time charters, key clauses, and responsibilities. 📒Tanker Laytime: Calculations, terms, demurrage, and dispatch. The Tanker Chartering & Operations Certificate training will enable students to: Draw simple plans of main vessel types. Identify the main characteristics and dimensions of various tankers. This practical component ensures that participants can visually understand and differentiate between different tanker designs and their specifications. Don't miss out on this limited time offer to advance your career in the maritime industry! Link for Enrollment : https://lnkd.in/e35w366S #MaritimeIndustry #Shipping #MarineTechnology #MaritimeInnovation #OceanTransportation #PortsAndTerminals #MarineEngineering #MaritimeLogistics #MaritimeTrade #NavalArchitecture #Seafarers #MaritimeSafety #Oceanography #MaritimeLaw #MarineEnvironment #MaritimeEducation #MaritimeHistory #Shipbuilding #PassionForTheSea

From one unmooring to another mooring operation in just a few hours, the maritime industry keeps the world moving! 🌊⚓️ #MaritimeEfficiency #PortLogistics #GlobalTrade #SupplyChainFlow #Shipping

We have today reported our results for the first quarter of 2024, showing a record quarter driven by strong markets. Selected highlights: ✅ Record net result: USD 68 million ✅ Time charter earnings in Odfjell Tankers: USD 195 million ✅ EBIT: USD 89 million ✅ Rates on renewed COAs: Up 14% on average, covering 22% of estimated annual contract volume ✅ Net result contribution from Odfjell Terminals increased to USD 3.2 million ✅ Fleet carbon intensity (AER): 7.14, slightly better than 4Q23 ✅ Odfjell’s total number of newbuildings on order is now 16 vessels. By that, ~20% of the orderbook in the chemical tanker segment is on Odfjell's account Read more and tune in for our live webcast at 9:00 CET on May 8: https://lnkd.in/dCawYDng Harald Fotland | Terje Iversen | Bjorn Hammer | Torger T. | Adrian Lenning, CFA | Øistein Jensen | Nils Jørgen Selvik

Read how the Gold Anchor Accreditation can enhance your business and what it takes to achieve Gold Anchor Status. https://lnkd.in/eA-HA57U