Yearly Archives: 2024
Chinese Navy Steps Up To Safeguard Cargo Ships In Red Sea Amid Escalating Threats
Amid rising security concerns due to Houthi rebel attacks in the Red Sea, the Chinese navy has taken the initiative to escort Chinese...
Red Sea Attacks Impact Shipping Routes And Rates
Ongoing attacks by Yemen-based Houthi militia in the Red Sea have led to increased shipping times and freight rates as some vessels opt...
CMA CGM Halts Red Sea Route
CMA CGM suspended the passage of its vessels through the Red Sea due to security risks.
The shipping giant has now deemed the...
Low Water Levels At Panama Canal Disrupting Shipping Trends
A staggering 56 per cent reduction of the total Panama transit has been recorded over the past month.
The ongoing war in Ukraine...
CMA CGM, Masdar Collaborate On Green Alternative Fuels
Masdar and CMA CGM launch long-term partnership for green alternative fuel supply.
By 2028, CMA CGM will have 119 ships in fleet able...
Lesson Learned: Anchor Strike Of Underwater Pipeline Results In Oil Spill
NTSB has released an investigation report on an incident where an anchor struck an underwater pipeline resulting in crude oil release.
NTSB found...
Tanker Report: LRs Lose Steam, Handymax Steep Downward
Baltic Exchange has issued the tanker report for the 5th week of this year. The report of 2nd February 2024 provides valuable insight into...
Evergreen & X-Press Feeders Forge Green Methanol Shipping Deal
Evergreen Marine Corporation has signed a memorandum of agreement with X-Press Feeders to place its containers on X-Press Feeders’ new green methanol dual...
The Red Sea Crisis & Its Wake On Shipping
The Red Sea is one of the most important waterways in the world, connecting Europe, Asia and Africa through the Suez Canal. However, since...
TECO 2030 And Umoe Mandal’s Fuel Cell High-Speed Vessel
Norwegian companies TECO 2030 and Umoe Mandal have submitted documentation to the Norwegian Maritime Authority for approval in principle of the world's first...