Yearly Archives: 2023
China’s Robust Cargo Throughput Persists Amid Declining Exports
China's Q3 2023 saw a remarkable 10% YoY increase in total cargo throughput, fueled by surging commodity imports, NWLC expansion in Guangxi, and a...
September Stabilizes Port Of NY And NJ’s Total Volume
The Port of New York and New Jersey experienced a significant 21.6% decrease in total volume in September, marking a departure from the...
Gas report – Week 44, 2023
The LNG market remains relatively stable in response to the Panama Port Authority's reduced daily crossings, although the increased waiting times and potential impact...
Maersk’s Woes Signal Slow-motion Industry Crash
On Friday, the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not alone in trying...
Shipping In A Headwind As Panama Canal Slashes Capacity
After its driest October on record, the Panama Canal will severely restrict transit capacity to conserve water. Shipping will feel the effects in the...
Delving Deep Into Unsafe Port Claims
Unsafe port claims can be financially significant, and complex in nature. Charterers need to make sure when a port/berth is nominated, it is in...
Tripartite Maritime Summit Strengthens Collaboration
Minister Aaron Farrugia joined Greece and Cyprus officials for the eighth maritime affairs meeting to enhance a collective stance on global and regional maritime...
Bunker Indexes Poised For Upward Movement
The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, experienced a modest uptick on November 6th.
380 HSFO...
Judy Chicago’s Exhibition Shows Timely Reflections On Women’s Rule
Judy Chicago has been a prominent figure in feminist art for six decades, challenging the historical omission of women's contributions.
The great artist has brought...
Tanker Market Monitor : Increasing Freight Rates
The crude freight market gained momentum in early November due to the ongoing crisis in the Middle East. The VLCC segment has seen significant...