Yearly Archives: 2024
Nauticus Robotics Secured Second Tranche
Nauticus Robotics has secured over $12 million, part of a second tranche of investment.
This move streamlined the financial structure of the...
Green Shipping Corridor Partnership Signed
Ports of Stockholm, Port of Turku, and Viking Line have forged a partnership to establish a green shipping corridor between Turku and Stockholm.
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Hyundai Heavy Industries Establishes Relief Fund For Shipyard Accidents
HD Hyundai, a South Korean shipbuilding giant, announced the establishment of a foundation to support bereaved families affected by industrial accidents at shipyards.
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Innovative PFAS Water Treatment Sought By Port Of Antwerp-Bruges
The contaminated water includes groundwater brackish Scheldt and dock water.
The Port of Antwerp-Bruges, with support from VLAIO's Innovative Public Procurement Programme, is...
Container Rates Ascend Amidst Red Sea Conundrum
In response to the escalating Red Sea crisis, Container xChange, an online container logistics platform, has released a comprehensive report detailing the far-reaching effects...
VLGC Rates Rebound After Hitting Floor
Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around $31.50/mt Feb. 2-5 before rebounding, as owners resisted...
Uncrewed Underwater Vehicle Goes Missing, Jolts Research
In a massive blow to research in West Antarctica, the University of Gothenburg has reported that it has reportedly lost an unmanned underwater vehicle...
Navigating Container Dynamics: Challenges Amidst Capacity Influx
The container shipping industry witnessed a record-breaking month with the delivery of 41 containerships last month, totalling some 300,000 TEU in capacity. However, this...
From Disruption To Stability: Charting The Course Ahead
Ongoing attacks on commercial shipping by Houthi rebels, coupled with scheduling disruptions caused by re-routing services away from the Suez Canal, have presented significant...
Fuel Frenzy: Fujairah Port Stockpiles Surge
Stockpiles of oil products at the UAE's Port of Fujairah witnessed a notable rise of 5.9% in the week ending February 5, attributed to...