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Monday, September 28, 2020

Us East Coast News

Kasper Rosenberg (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Bunker Trader

the bunker industry when joining the company’s office in Middelfart, Denmark, as Bunker Trader in 2013. Prior to that he spent two years working for the group’s shipping and agency division.In 2015, Rosenberg relocated to Stamford to help start up the company’s first office on the US East Coast as well as expand the company’s presence in the North American market.The office in Stamford currently consists of six employees with several years of bunker experience combined

(Photo: Crowley)

Crowley Awards Scholarships to Cal Maritime Students

. He is looking forward to pursuing a career at sea after he graduates next year. Ryan Cazneaux, a senior from Mount Shasta, Calif., is also studying marine transportation. He sailed aboard a Roll-on/Roll-off (RO/RO) vessel managed Crowley in Northern Europe for a summer and plans to move to the U.S. East Coast to work on ship assist tugs after graduation. Cazneaux said that the Crowley scholarship helps alleviate some of the financial burden on his family. Since 1984, Crowley has provided more than $3 million dollars in scholarship funding for more than 1,000 students studying at maritime academies

Port of Boston: A Vital Economic Engine

.6 billion in 2012 and more than 50,000 jobs are supported by the port, including more than 7,000 direct jobs, according to a report released by the Massachusetts Port Authority (Massport). This economic impact and the jobs created by the working seaport help to keep Boston competitive among other U.S. East Coast ports. Operation of the maritime terminals ensures that the more cost-efficient waterborne cargo lands in Boston rather than other ports like New York/New Jersey or Baltimore, where it then must be trucked into the region, significantly adding to the traffic on the I-95 corridor. It is very

Long-Range Clean Tanker Rates Hit 8-Month High

Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further.   Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117.50 in the Worldscale measure, or $11,453 a day when translated into average earnings, the highest since mid September last year. That compared with W116.14 or $11,156 a day on Friday and W107.45 or $8,112 a day last Monday.   "With plenty of cargoes in the market and tonnage looking fairly thin far out, rates look likely to remain firm for

Trans Atlantic Tanker Rates Higher

(MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124.38 in the Worldscale measure, or $8,306 a day when translated into average earnings. That compared with W122.50 or $8,048 a day on Friday and W129.17 or $9,368 last Monday. "Rates on the Europe - U.S. East Coast route declined 11.1 percent week-on-week as available capacity continued to put downside pressure on rates for cargoes out of the region," Deutsche Bank analyst Justin Yagerman said on Monday. In January, earnings reached their highest level since early August last year. "There

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