Yearly Archives: 2023
Drewry’s Container Index Surges: Dynamic Freight Trends
Drewry’s World Container Index increased by 7% to $1,504 per 40ft container this week, according to an article published on Drewry.
Detailed assessment for Thursday,...
Overcoming Challenges & Unlocking Efficiency With Just-in-Time Port Arrivals
The shipping industry, responsible for 80-90% of global cargo transport, faces challenges from climate change, geopolitical tensions, and inefficiencies. To meet environmental goals, the...
Ningbo’s Freight Index Shines in Container Shipping
Weekly composite index covering 20ft, 40ft and Hi-Cube box rates by Ningbo Shipping Exchange, says an article published on baltic exchange.
Ningbo Containerised Freight...
Wallenius Wilhelmsen Orders Multiple Dual-Fuel Carriers
Wallenius Wilhelmsen has ordered 4 × MAN B&W 7S60ME-C10.5-LGIM (-Liquid Gas Injection Methanol) dual-fuel engines capable of running on green methanol in connection with...
China Leads World In Utilizing Shore Power
China has led the world in showcasing the capability of ports to provide shore power to ships at berths, according to a report unveiled...
Coast Guard Foundation Award Honors ABS
ABS has been honoured with an award from the Coast Guard Foundation at the annual Texas Salutes the Coast Guard event, recognizing ABS’ legacy...
TORM Purchases Eight LR2 Vessels
On 09 November 2023, TORM agreed to acquire eight second-hand LR2 vessels that are expected to be delivered in late Q4 2023 and in...
The Hong Kong Convention – Will It Be A Game Changer?
The Hong Kong Convention will finally enter into force in 2025, but what does that mean in practice? How will ship recycling practices be...
Shipping’s Exposure To The EU Emissions Scheme
The inclusion of shipping in the European Union Emissions Trading System (EU ETS) is a significant step towards reducing global greenhouse gas emissions. However,...
The Mighty Benefits Of Nuclear Reactors in Submarines
A new partnership between Australia, the UK, and the US – named AUKUS – requires submarines to operate for a remarkable 33 years without...