Yearly Archives: 2024
Houthi Attacks In Red Sea Cause Massive Drop In Suez Canal Revenue
Due to regional instability in the Red Sea, Egypt's Suez Canal revenues plummeted by over 60% in 2024, resulting in a significant economic loss...
First VLCC Scrapped In Over Two Years: A Potential Sign Of Market Change?
A Cameroon-flagged tanker known to have transported Iranian oil has recently been registered for demolition. This marks the first time a supertanker has been...
Russian Cargo Ship Sinks In Mediterranean Sea, Two Crew Members Missing
A Russian cargo ship sank in the Mediterranean Sea after an explosion in the engine room. 14 crew members were rescued, but two are...
Shipping Firms Penalized For Violating US Pollution Laws
Two shipping companies were fined a combined $4.5 million for breaching US pollution laws, following incidents involving falsified records and obstruction of investigations. The...
From Starship To Lost Cities: Key Scientific Breakthroughs Of 2024
2024 saw several exciting scientific breakthroughs. One of the most notable was the significant progress made by SpaceX with their Starship rocket. This powerful...
Asia Leads Global Shipbuilding Resurgence Amidst Evolving Industry Dynamics
Asia has long been a dominant force in shipbuilding, driven by factors like its strategic location, access to skilled labor, and capital availability. This...
Updated DP Certificate Revalidation Requirements
To ensure DP operators (DPOs) and DP Vessel Maintainers (DPVMs) maintain high standards in the dynamic positioning (DP) industry, the revalidation process for DP...
NeGD And IPA Partner To Drive Digital Transformation In India’s Maritime Sector
The National e-Governance Division (NeGD) and the Indian Ports Association (IPA) signed a significant Memorandum of Understanding (MoU) in New Delhi. The MoU was...
EUKOR Renews Contract with Hyundai Motor Group and Kia Motor Group
EUKOR Car Carriers, part of Wallenius Wilhelmsen, has renewed its contract with Hyundai Motor Car and Kia Motor Car, increasing the duration and...
Strategies For Addressing Harassment On Ships
Addressing sexual harassment, in the maritime industry requires a multi-faceted approach that emphasizes training, reporting mechanisms, support networks, and policy enforcement. Below are some...