Yearly Archives: 2023
Pertamina & JERA Sign MoU For Collaborative Energy Transition
JERA Co., Inc. and PT Pertamina (Persero) have signed a memorandum of understanding (MoU) to explore business opportunities and potential collaborations in the...
Korean Shipbuilding Majors Fail To Achieve 2023 Order Targets
Samsung Heavy Industries and Hanwha Ocean have failed to meet their annual targets for shipbuilding orders this year.
Neither company is expected to...
Red Sea Crisis Adds Costs, Causes Delays For Suppliers
Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart is racing to reroute cargo away from...
Revolutionizing Maritime Travel: Zinus Powers Largest Zero-Emissions Ro-Pax Ferry
The fully electric ferry boasts an exceptional overall length of 130 meters, making it the largest vessel of its kind
On-board battery modules...
Freight Rates Quadruple In Red Sea Shipping Chaos
The Red Sea crisis jeopardizes 12% of global trade and 30% of container traffic.
Major oil and gas shipments from the Middle East...
Global Bunker Indices Continue Downward Trend
All four ports remained undercharged, with underprice ratio narrowing in each port.
MDI Index in Singapore remained above the $100 mark.
Rotterdam and...
Discovery of the Oldest Ship Burial In Norway
Archaeologists in Norway discovered a 1,300-year-old ship burial.
Recent surveys and excavations revealed large wooden remnants, confirming the presence of a ship.
This...
Expansion Of Chipolbrok’s Fleet
Chipolbrok has expanded its fleet with the inclusion of a 62,000 dwt.
These vessels stand as the largest multipurpose ships globally.
The vessel...
EPS Starts Construction On Their New Oil Tankers
SWS celebrated the steel-cutting ceremony for an oil product tanker.
The vessel is designed to meet the TIER III specifications.
Plans by EPS...
WAF VLCC Rates Dip Amid Holiday Slowdown
WAF VLCC rates dipped close to their lowest since October due to ample tonnage, reduced Persian Gulf exports, and Christmas holiday slowdown.
Experts...