Yearly Archives: 2023
Global Indices On An Upward Trajectory
On December 19, the MABUX World Bunker Index, reflecting fluctuations in current prices for 380 HSFO, VLSFO, and MGO, exhibited erratic changes without a...
BIMCO Urges Nations To Unite In Safeguarding International Shipping
A pattern of unprovoked assaults on merchant vessels happened in critical maritime routes.
BIMCO emphasizes the imperative need for collective action.
Highlighting the...
First Ultra-Deepwater Drilling Ship Trial Explored By China
Mengxiang is China's ocean research drilling vessel designed for ultra-deepwater exploration.
Scheduled sea trials were announced without specifics on location.
Filipino President Ferdinand...
Suspensions By Container Shipping Giants Focus On Suez Canal’s Vital Role
A rising number of leading ocean carriers are ceasing entry of their ships into the Red Sea, alarmed by escalating attacks on vessels in...
Tanker Industry Thrives Amidst Geo-Economic Shifts In 2023
The year 2023 has been marked by significant turbulence in the oil and tanker markets, driven by geopolitical events, climate-related challenges, and shifts in...
Fujairah’s Bunker Sales Hit Five-Month Lows
Recently, marine bunker fuel sales at Fujairah port in the UAE experienced a decline to five-month lows, reaching 610,498 cubic meters, as reported by...
Empowering Trade: COLI and CSL’s MPP Fusion Unleashed
The COLI Group has used its partnership with Asia Break Bulk and CSL Shipping (Shanghai) to spread influence into the Multipurpose (MPP) sector. The purpose...
From Sea To Zero: Quadrise’s Quest For Sustainable Shipping Solutions
Although noises have been made about airline greenhouse gas emissions, the shipping industry's carbon footprint is just as big. It accounts for up to...
Navigating Prosperity: The Power Of Maritime Route Mastery
The maritime industry is constantly engaged in assessing and acting on changes large and small in the world's oceans. In this complexity, the powerful force...
Freight Industry Braces For Impact As Tankers Mull Rerouting Via Cape
The global oil tankers industry has mostly included the longer route of Cape of Good Hope as an option to move cargoes to Europe...