Yearly Archives: 2023
Sohar Port And Free Zone Secures Three Key Agreements For Enhanced Services
Sohar Port and Free Zone inked three major agreements to enhance their maritime services, supporting local added value and the growth of Oman's...
Pasco Gas Invests In New Medium-Sized LPG Carrier
Turkish shipowner Pasco Gas has commissioned a new gas carrier, a 45,000-m3 vessel, from Hyundai Mipo Dockyard.
Following a new build contract signed...
Euronav’s New Strategy: CMB.TECH Acquisition
Euronav acquires CMB.TECH in a strategic move for maritime technology.
Integration of advanced tech diversifies Euronav's portfolio, ensuring industry leadership.
Positioned to navigate...
Maersk To Sail Again In The Red Sea
Maersk resumes Red Sea operations post-December vessel attacks.
U.S.-led Operation Prosperity Guardian ensures maritime safety.
Crucial Suez Canal restoration for Maersk as Asia-Europe...
Global Trouble In Sea: Red Sea Disruptions Push For Better Shipping Plans
Drone and rebel attacks disrupt Red Sea and Suez Canal routes, affecting global shippers.
Shippers face higher costs and service disruptions; carriers find...
Valaris Pulls Trigger On Two Drillship Newbuilds Amidst Soaring Utilization Rates
With global floater utilization rates reaching 90% for the first time since 2014, and leading-edge day rates topping US$500,000, Valaris has pulled the...
Connectivity Concerns Take The Spotlight In MHSS Seafarer Survey
Seafarers’ fears over connectivity issues over the holiday season have been revealed in a recent study carried out by Mental Health Support Solutions...
Capesize Strength: Healthy Activity And Stable Rates In Early January
Capesize
We see volumes holding consistent with enquiries from miners and operators on C5 for early January dates. On the East Australia coal and Pacific...
Suezmax Spark : Positive Sentiment Boosts Rates In Western Markets
VLCC
A bit of an East/West divide has developed in the V-market over the week. A tightening tonnage list in the East, with plenty going...
Carriers Are ‘Price Gouging’, Claim Shippers As FAK Rates Skyrocket
Shippers are accusing Asia-North Europe ocean carriers of ‘price gouging’ as FAK (freight all kinds) rates being quoted for January shipment go through the...