Yearly Archives: 2023
Maritime Trade Exhibits Contrasting Indices Reflecting Market Trends
UNCTAD notes subdued container shipping demand via Shanghai Containerized Freight Rate Index while the Baltic Dry Index surges, indicating increased global raw material...
Panama Canal Boosts Daily Transits To 24 Slots
The Panama Canal adjusts daily transits due to low Gatun Lake levels caused by El Niño-induced drought, reducing slots to 22, later planning...
Advancements Mark Stellar Pace In Antarctic Research Station Construction
China's fifth Antarctic research station is swiftly progressing as workers assemble the tallest steel columns in the main structure, according to the expedition team.
Pioneering...
Global Bunker Indices Embark On A Unique Upward Evolution
On December 18, the MABUX World Bunker Index, derived from current prices for 380 HSFO, VLSFO, and MGO, exhibited a modest upward inclination.
380 HSFO...
Global Commitment Towards Sustainable Shipping Takes Centre Stage At COP 28
As this year’s climate conference #COP28 wraps up, the global commitment to sustainable practices in the shipping industry takes center stage. We have seen...
Outlook For Oil Freight Market Subdued Despite Initial Strong Expectations
In the second week of December, the outlook for the crude oil freight market is subdued despite earlier expectations of stronger momentum. In the...
U.S Grain Exports To China Take A Nosedive
In the second week of December, the mood on the dry bulk market was mixed. Prices for Capesize vessels between Brazil and North China...
Flying Whale LCA60T To Take Off From UAE Final Assembly Line!
French aerospace startup Flying Whales has chosen the UAE for its final production facility for the LCA60T airship, aiming to supply customers in...
BIOFUEL+ Triumph: Nestlé Slashes 70,000 Tons of CO2 Annually
Nestlé, a global leader in the food and beverage industry, has entered a groundbreaking collaboration with CMA CGM, marking a significant stride in sustainability....
Seafaring Spectacle: The Epic Journey Aboard Iconic Waves
Get ready to set sail on a maritime marvel as Royal Caribbean unveils the Icon of the Seas, poised to claim the title of...