Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.
Svitzer is starting to operate two new tugs in Vitoria as the towage company deepens its presence in the southeast of Brazil.
The dry bulk capesize market could be headed for rougher seas on the back of diminishing growth in demand volumes and the still growing capesize fleet, according to Bimco.
Chinese shipyard Zhoushan IMC-Yongyue Shipyard and Engineering is moving into the Brazilian ship repair market.
The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) has released its annual report on port activity in the region with Panama’s Colon port complex top of the list with 4.32m teu and growth of 11% compared to 2017.
Petrobras and Açu Petróleo, have signed a contract to carry out ship to ship operations at the company's Petroleum Terminal (T-OIL), located in the complex of Port of Açu.
The privately-owned Multicargas Terminal (T-MULT) of Açu Port, in the north of the State of Rio de Janeiro, is the new option for cabotage trades in Brazil.
BW Offshore has sealed an agreement to acquire 70% of Brazil’s Maromba offshore field for a price of $90m from Petrobras.
Capesize market remained quiet throughout the week with thin activities from the Asia-Pacific and Atlantic regions.
The return of Chinese trade participants from Spring festival failed to create a roar in the Capesize market this week.