Yearly Archives: 2023
Unpredictable Shifts Characterize The Global Bunker Market
On December 20, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, experienced a slight increase.
380 HSFO -...
What Does The COP28 Have In Store For The Maritime Sector?
Growing partnerships which drive shipping’s decarbonisation, an expanding role for the IMO, creating security for investments and striving for short-term improvements were the focus...
Charting Stability: Asian Refiners Navigate Geopolitical Seascape
Amid rising concerns over shipping risks in the Red Sea, Asian refiners are reevaluating their crude oil supply routes to ensure stability and mitigate...
ABS Powers India’s Green Shipbuilding Vision With E-VOLT 50 Electric Tug
As part of this action, ABS has signed a strategic Memorandum of Understanding (MoU) with India's GRSE and Seatech as well as global leader...
Setting Sail For Skilled Seafarers: Greece’s Visionary Plan For 2024
In a crucial move to tackle crew shortages and ensure a skilled workforce in the maritime industry, Shipping and Island Policy Minister Christos Stylianides...
Shipnext And FONASBA’s Vision For A Safer Digital Shipping Community
In a landmark collaboration, the online cargo platform Shipnext and the Federation of National Associations of Ship Brokers and Agents (FONASBA) have inked an...
Game Of Snake And Ladders: Xeneta Shipping Index Rates Go Topsy Turvy
As the year 2023 concludes, the Xeneta XSI® reflects the unpredictable nature of ocean freight rates, resembling a game of snakes and ladders. Rates...
CMA CGM Group Responds To Red Sea Security Concerns
The CMA CGM Group remains deeply concerned about the attacks on commercial vessels unfolding in the Red Sea Region. Over the past few days,...
Trial Of New Cargo Ship Amid Challenges For Condor Ferries
As part of an effort to strengthen supply chain resilience, a new 163-meter-long freight vessel, the Finlandia Seaways, docked in Jersey on Saturday, December...
Rerouting Challenges For Container Shipping
European and US container ports, along with forwarders, are in a rush to adjust to the new reality of vessels from Asia being rerouted...