Yearly Archives: 2023
Unraveling The Mystery Of Rogue Waves
Researchers from the University of Victoria and the Niels Bohr Institute at the University of Copenhagen have shattered the myth surrounding rogue waves, employing...
TOP Ships Extends Charter for VLCC Vessels
On November 22, 2023, TOP Ships Inc. (NASDAQ: Worth mentioning is the announcement by TOPS, an internationally-owned company providing management services of state-of-art “ECO”-type...
Tragic Incident Aboard Bulk Carrier Led Death
Britannia P&I Club released a case study focusing on a tragic incident unfolded on board a bulk carrier, claiming the life of a cadet...
MSC Nears HHLA Deal: Ownership Hits 80% Mark
The giant shipping line – MSC has given an extension of its share purchase offer to the HHLA (Hamburger Hafen und Logistik AG) shareholders’...
A23a: Massive Antarctic Iceberg On The Move
Recently, the enormous Antarctic iceberg A23a sized some 4,000 kilometres square (or 1,500 square miles) that stayed grounded for many years at the entrance...
Dry Bulk Report : Another Week Of Upward Momentum In The Panamax Market
Capesize
For the first half of the week, the market faced subdued activity, particularly in the Pacific with a slight downward movement on rates on...
Shifting LNG Shipping Routes Amid Canal Restrictions
More LNG carriers taking US cargoes to Northeast Asia are avoiding the Panama Canal in light of tightening restrictions on the route, shipping data...
Tanker Report : LR’s In The MEG Have Regained Some Strength This Week
LR2
LR’s in the MEG have regained some strength this week. The 75kt MEG/Japan TC1 index rose almost 10 points to WS133.61 (about $25,000/day TCE)....
WSM Expands in India: Maritime Hub and Sustainability Focus
WSM plans on increasing its Indian activities with goal of making India a maritime hub. The company which manages more than 450 vessels worldwide intend...
Hapag-Lloyd CEO Optimistic On Global Shipping Rebalance Within Two Years
The CEO of Germany’s Hapag-Lloyd predicted that there could be a chance they will be able to rebalance the world shipping markets in recent...