Yearly Archives: 2024
Wan Hai And ONE Launch New Asia Pacific Service
Wan Hai Lines collaborates with ONE.
Wan Hai remains committed to long-haul markets post-COVID.
Freight rates and volume increase due to Red Sea...
VLCC Rates Rise In Middle East And Demand Declines
Middle East-to-China rates increased by 20%.
Ongoing OPEC cuts have reduced onshore crude tank utilization.
Freight rates USG-to-Europe (TD25) declined by about 25%.
Middle...
Kongsberg Maritime Secures Contracts With Ulstein Verft
Kongsberg Maritime has secured contracts with Ulstein Verft to supply integrated equipment packages to four new state-of-the-art CSOVs
Extensive Equipment Package
Kongsberg Maritime will supply an...
Ensuring Compliance: Industry Confidence In Recycling Standards
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships is set to come into effect on June 26, 2025,...
Safe Passage: Practicality & Safety In Nuclear Shipping
As the maritime industry intensifies efforts to decarbonize and achieve net-zero emissions, nuclear-powered vessels are gaining traction as a promising alternative to conventional fuels....
Regional Resilience: Capesize South Atlantic Rebound
In the third week of February, Capesize Brazil to North China rates experienced an upturn, surpassing the $20 per ton mark. However, with the...
Post-Chinese New Year Projections: Stability And Reductions
The composite index dropped by 1% to $3,733 per 40ft container this week and has increased by 91% when compared with the same...
Ports Of LA And Long Beach See 18% Container Volume Growth In Jan
The US West Coast gateway ports of Los Angeles and Long Beach saw a surge in container volumes in January 2023 as retailers restocked...
Suez Canal To Collaborate With Clients Amid Red Sea Crisis
In response to the disruptions caused by Red Sea attacks, Egypt's Suez Canal aims to work closely with clients to minimize the impact...
Trinidad And Tobago Oil Spill: TTCG Investigates Two Vessels
The Trinidad and Tobago Coast Guard (TTCG) confirms that a tug boat and a barge were involved in the recent oil spill incident.
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