Yearly Archives: 2023
Freight Recession May Be At A New Tipping Point
Fuel costs may be a tipping point for carriers operating with little to no margin, according to Uber Freight CEO Lior Ron.
“I...
How The War In Iraq Changed The World
Twenty years on from the US invasion of the country, Iraq has fallen off the policy making agenda in Washington, DC—cast aside in part...
High-Precision Tool Enhances Safety In U.S. Ports
In the maritime industry, port pilots face a challenging task – guiding massive cargo vessels safely through underwater terrain unique to each port. However,...
ABS Report Delves Into Evolving Maritime Industry Regulations
ABS, a leading authority in marine and offshore classification, has released a comprehensive report shedding light on the intricate regulatory landscape of the maritime...
Methane Slip Reduction, A Smart Way To Improve LNG Performance
In the maritime realm, the utilization of liquefied natural gas (LNG) as a fuel source has been instrumental, yet it poses a challenge known...
Shipping Industry Redirects Container Production Away From China
The shipping industry is actively diversifying container production away from China, prompted by supply chain vulnerabilities exposed during the pandemic.
With over 95% of containers...
First Edition Of The Master’s Practical Guide To Maritime Law
The International Chamber of Shipping (ICS) launches its first edition of The Master’s Practical Guide to Maritime Law as a simple and practical legal...
Baltic Exchange Tanker Report : West Africa Had Another Progressive Week
LR2
LR’s in the MEG have taken a heavy re-correction this week in terms of freight. The 75Kt MEG/Japan TC1 index lost 25.78 points to...
Baltic Exchange Bulk Report : Increased In Mineral Demand
Capesize
The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading...
Maersk Slashes 3,500 Jobs & 94.5% Net Income Plunge
The situation reported for Maersk reflects significant challenges and changes in the shipping industry, largely influenced by global economic shifts and ongoing market trends,...