Yearly Archives: 2023
Mazagon Dock’s $42-Million Deal With European Client
MDL finalized a contract with a European client for the construction of three Multi-Purpose Hybrid Powered Vessels.
The three vessels have 7,500-deadweight tonnage.
...
NAVTOR-Led GASS Project Uses AI To Innovate Sustainable Shipping
NAVTOR leads the GASS project with a 44mn NOK grant, aiming to use AI to optimize vessel energy usage, reducing emissions in shipping.
...
Poseidon Principles’ Report Reveals Climate-Aligned Shipping Finance
The Poseidon Principles' 2023 Annual Disclosure Report showcases alignment with the IMO's revised greenhouse gas strategy, committing to net-zero emissions by 2050 and...
Revival Of Cruise Industry With Decarbonization And Sustainability Initiatives
The cruise industry is rebounding post-pandemic, witnessing increased ship orders, small luxury sector growth, and a shift towards alternative power sources.
Despite financial...
The NCFI Unveils Insights into Shipping Rates And Surcharge Dynamics
The Ningbo Containerized Freight Index, overseen by the Ningbo Shipping Exchange and endorsed by the Baltic Exchange, tracks weekly shipping rates across key...
Disruptions And Surcharges Escalate Costs For Asia-Europe Shippers
Skyrocketing Sea Freight Expenses for Asia-to-Europe Shippers Amidst Escalating Houthi Rebel Attacks on Merchant Shipping Routes via the Suez Canal.
Delays And Pressuring Freight Rates
Ocean...
Upward Trajectory In Trade Activity At The Port Of Long Beach
For the third consecutive month in November, shippers persisted in redirecting cargo to West Coast seaports, contributing to increased trade activity at the Port...
The Lack Of Sustainable Trends In The Global Bunker Market
On December 15th, the MABUX World Bunker Index, computed from prevailing prices for 380 HSFO, VLSFO, and MGO, sustained a notable upward trajectory.
380 HSFO...
Carriers Update Surcharge Rates Amidst Imminent Implementation Of EU ETS
The imminent implementation of the EU ETS has seen carriers release their final surcharge rates for Q1 24: overly optimistic Hapag-Lloyd has almost doubled...
Mysterious Shipwreck In Baltic Sea Takes Researchers By Surprise
Researchers have been working to identify the origins of a very mysterious shipwreck found on the floor of the Baltic Sea off Lithuania, officials...