Yearly Archives: 2024
Green Energy Nexus: Freeport East & Rux Energy Unite
Freeport East, situated within the Port of Felixstowe, and Rux Energy, an Australian green hydrogen storage company, have entered a collaborative agreement aimed at...
Red Sea And Panama Pose Challenges To Global Supply Chains
The International Union of Marine Insurers (IUMI) addressed the compounding challenges faced by global supply chains, including drought in the Panama Canal, the...
Red Sea Attacks Pose Growing Concerns For Oil Importers And Shipping Routes
A series of attacks in the Red Sea, primarily by Yemen's Houthi militants, has raised concerns for oil importing countries.
While oil shipments...
Singapore Implements Stringent Bunker Fuel Standards Following 2022 Contamination Incident
The Maritime and Port Authority (MPA) of Singapore has issued a circular announcing enhanced testing parameters for marine fuel batches delivered as bunkers...
Container Market Records Modest 0.2% Growth In 2023 Amidst Fleet Expansion
The container market experienced a marginal 0.2% year-on-year growth in 2023, reaching 173.8 million TEU, with a notable increase in container fleet capacity.
...
Red Sea Crisis Fuels Shipping Emission Surge And Threatens Climate Goals
The Red Sea crisis, marked by attacks from Houthi rebels, is causing a significant increase in carbon emissions as shipping routes divert around...
EU Proposes Priority Access To Green Fuels For Maritime Decarbonization
The European Commission proposes granting priority access to low- and zero-emission fuels for the maritime industry, recognizing the challenges of decarbonizing shipping.
This...
Red Sea Tensions Drive Down WAF Suezmax Rates
Westward ballasters bring down ex-WAF rates.
East-West Suezmax shipments down on Red Sea tensions.
Increase in vessels travelling around Cape of Good Hope.
Disruption...
Red Sea Disruption Could Last A Year, Says MOL
Higher demand for goods could trigger capacity shortage: MOL
Yemen’s Houthi rebels continue to attack merchant shipping.
Japanese transport company, Mitsui OSK Lines (MOL),...
15,000-Year-Old Viruses Discovered In Melting Tibetan Glaciers
Ice core samples from a Tibetan glacier have yielded a collection of viruses and other microbes that are nearly 15,000 years old.
Researchers...