Yearly Archives: 2024
Market Uncertainty and Declining Trading Activity
The UP World LNG Shipping Index (UPI) rose by 0.74% last week, closing at 163.69 points, while the S&P 500 fell by 0.6%.
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Subdued Performance In Baltic Dry Index As 2024 Ends, Struggling Across All Market Segments
As we approach the final trading days of 2024, the Baltic Dry Index paints a picture of a year marked by more subdued performance...
Singapore Bunker Fuel Sales Dip In November Amid Market Slowdown
Sales of marine bunker fuel in Singapore dropped to a two-month low in November, following a significant surge in October, according to data from...
South Korea’s Shipbuilding Market Share Drops Below 20% Amidst China’s Growing Dominance
The Chosun Daily states that South Korea’s share of the global shipbuilding market is projected to fall below 20% in 2024, marking its lowest...
Mærsk And Philippines Join Forces To Reduce Maritime Emissions
Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and the Philippine government have partnered to develop green shipping corridors in the Philippines. This collaboration...
Ship Recycling Market Gains Momentum
The Baltic Exchange's main sea freight index has been declining for the past four sessions, reaching its lowest point since July 2023. This decline...
Port Of Ashdod’s New Tech Hub To Drive Maritime Innovation
The Ashdod Port Company in Israel has launched a new maritime technology hub. This initiative, backed by the Israeli government, aims to foster innovation...
Kongsberg Maritime to Deliver Advanced Hybrid PSVs
Kongsberg Maritime will design and supply six state-of-the-art 5,000 DWT Platform Supply Vessels (PSVs) with hybrid propulsion systems and oil spill recovery capabilities...
H-Line Shipping Adopts HiNAS Control, Avikus’ Autonomous Navigation Solution
Avikus, a subsidiary of HD Hyundai specializing in autonomous navigation technology, has signed a contract with H-Line Shipping to supply its AI-driven HiNAS...
ZEPA Unveils Insights on Demand, Design, and Infrastructure
ZEPA celebrates its first anniversary with three reports detailing strategies for port decarbonisation.
Rising demand for battery-electric container handling equipment (BE-CHE) is reshaping...