Yearly Archives: 2024
India Emerges As Bunkering Hub Amid Red Sea Shipping Shift
The surge in bunkering and Ship-to-Ship (STS) calls at Indian ports underscores a significant shift in regional shipping patterns, driven largely by geopolitical and...
Port Houston Achieves Record Growth in 2024
November Marks the Busiest Month Yet with 369,361 TEUs, a 24% Increase.
Resins Dominate Exports, Representing 45% of Total Volumes.
Steel Imports Surge...
VLOC Sohar Max Becomes ‘World’s Largest’ Ship with Wind Propulsion Tech
UK-based wind-assisted propulsion provider Anemoi Marine Technologies has achieved a significant milestone by installing five rotor sails on the Sohar Max, a 400,000-dwt Very...
Multiple Tanker Incidents Lead To Oil Spill In Black Sea
Following a severe storm in the Black Sea, two tankers sustained significant damage, resulting in an oil spill that has affected "tens of kilometers"...
ReCAAP ISC Reports Two Piracy Incidents In Straits Of Malacca And Singapore
The ReCAAP ISC reported two incidents of armed robbery against ships in Asia between December 10th and 16th, 2024, according to Safety4sea.
Concern Areas
With recent...
Baltic Exchange Launches FuelEU Maritime Emissions Calculator
Beginning January 1, 2025, ships calling at European ports will be subject to the FuelEU Maritime regulation. This regulation aims to encourage the use...
Finding The Right Balance: Z-factors And IMO’s GHG Strategy
The Z-factor, a key element in maritime decarbonization, determines the penalty for ships failing to meet emission reduction targets. It needs to be set...
Dutch Shipbuilder Selects DMC For Advanced Marine Technology
Dutch shipbuilder GS Projects has contracted DMC to supply steering, control, and propulsion equipment for four dry cargo vessels. These vessels are being built...
G-NAOE 2024 Explores Sustainable Shipping Solutions
The Global Conference on Naval Architecture and Ocean Engineering (G-NAOE) 2024, co-hosted by Lloyd's Register and the Society of Naval Architects of Korea, recently...
EU Tariffs on Chinese EVs Shake Car Carrier Market Confidence
EU tariff hikes of up to 45.3% on Chinese-made EVs, effective November 2024, are pressuring the car carrier market.
A 39% order book-to-fleet...