Yearly Archives: 2023
IRENA And DP World Join Forces To Advance Decarbonisation Solutions
The International Renewable Energy Agency (IRENA) has signed a collaboration agreement with DP World, a UAE-based global supply chain solutions company. Through the agreement,...
Drewry’s World Container Index Drops By 6%
Drewry’s World Container Index decreased by 6% to $1,384 per 40ft container this week.
Our detailed assessment for Thursday, 23 November 2023
The composite index...
‘Dire’ Scenario For Shipping Lines More Likely As Spot Rates Fall Back
Shipping lines’ attempts to use general rate increases (GRI) this month to improve their negotiating hand for annual contract resets have failed. They have...
Shock As New Asia-N Europe FAK Rate Dwarfs Weak Spot Market
MSC has announced a new FAK (freight all kinds) rate from Asia to North Europe for 15 December of $2,050 per 40ft, which is...
MSC Slaps Bumper Surcharge on Boxes Through Restricted Panama Canal
MSC has slapped a bumper $297 per teu surcharge on shipments transiting the Panama Canal in response to the increasing capacity reductions, reports The...
Wave Devouring Propulsion Revolutionizing Maritime Sustainability
A new form of wave devouring propulsion (WDP) could power ships and help to cut greenhouse gas emissions in the maritime industry, says an...
Dongwon And Harim Dueling For Dominance In HMM Bidding Race
Dongwon Group and a Harim Group-JKL consortium are poised to battle it out for South Korea’s largest container shipping line, HMM. The two groups...
Navigating Change: The UK Seafarers’ Wages Act And Seafarers’ Charter
King Charles III assented to a nine-prong plan that included the Seafarers’ Wages Act on March 23rd, 2023 meant for tackling wage variations and...
Danelec Acquires Nautilus Labs For Maritime Advancements
Combining Danelec’s onboard data capturing ship performance capabilities with the strong AI-based analytics platform of New York-based maritime technology company Nautilus Labs, Danelec will...
Vessel Orders Could Outpace Green Methanol Supply
Methanol fuelled fleet will grow from 2% to 4% of the global fleet according to Drewry and Clarksons data.
One of the world’s leading methanol...