Yearly Archives: 2024
Positive Pockets Amidst Global Holiday Slowdown
Capesize
The week started on a subdued note as Asia observed Lunar New Year holidays, all three major mining companies active in the Pacific, contributing...
Shipping Firms Enter EU ETS Amidst Market Trough; Administrative Challenges Loom
Shipping companies are entering the European Union Emissions Trading System (EU ETS) during a market trough, with over 2,200 firms allocated to member...
Spot LNG Shipping Rates Stabilize, European Prices Decline
Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained almost flat this week, while European and Asian prices experienced...
Relief To US Shippers As Ocean Freight Rates Show Signs Of Easing
Emerging data analyzed by Xeneta indicates a potential easing of the surge in ocean freight rates caused by the Red Sea crisis.
The...
India-Bound Oil Tanker Hit By Missile In Red Sea Attack
A Panamanian-flagged tanker carrying crude oil bound for India, was struck by a missile in the Red Sea.
The missile, launched from Yemen,...
Security Challenges In The Black Sea Amid Winter Weather Disruptions
Inclement weather in the northern Black Sea during the winter months has not only hampered shipping operations but also raised questions about the...
Navigating Container Planning Amidst Red Sea Crisis And Peak Season Preparation
The ongoing Red Sea crisis prompts a distinctive approach to supply chain planning, particularly concerning the longer diversion routes.
While established routes offer...
ABS Releases Guidelines For Liquefied CO2 Carriers In Maritime Industry
The American Bureau of Shipping (ABS) has introduced industry requirements for liquefied carbon dioxide (LCO2) carriers, aiming to ensure the safe and efficient...
Workshop Highlights Need For Long-Term Funds And Policy Changes
Experts and stakeholders in the Indian shipping sector highlight the necessity for long-term funds, infrastructure status, and regulatory changes to boost lending from...
Houthi Missiles Hit Greek-Owned Vessel Lycavitos In Gulf Of Aden
The Greek-owned supramax bulk carrier fell victim to Houthi missiles in the Gulf of Aden on February 15.
While the Houthi military spokesman...