Yearly Archives: 2024
Red Sea Route: The Heart Of Shipping Industry
The crisis in the Red Sea shipping route began after Yemen-based Houthi rebels launched frequent attacks on commercial shipping vessels plying through the route...
All You Need To Know About Container Shipping Alliances
With the formation of the Gemini Cooperation between Maersk and Hapag-Lloyd correspondent Nick Savvides examines how alliances may change their approach to customer service.
Commitment...
Carriers May Require Up To 200 Extra Ships
Brokers are reporting more “heightened activity” in the containership charter market as ocean carriers fight to secure tonnage to mitigate the impact of Red...
Red Sea-Driven Surge Loses Momentum
Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit,...
Detouring Around The Cape Of Good Hope
Rerouting tankers around the Cape of Good Hope due to Red Sea attacks can add nearly a million dollars per voyage while also doubling...
Korean Shipbuilders Dominate VLAC Orders
Korean shipbuilders have achieved a remarkable feat by securing all orders for Very Large Ammonia Carriers (VLACs) placed this year. This dominance is attributed...
Singapore’s Bunker Fuel Market Reshaped
The global bunker fuel market, centred in Singapore, is experiencing significant disruptions as tensions in the Red Sea prompt ships to reroute, causing increased...
Future Plans For Sustainable Maritime Transportation
In a groundbreaking collaboration, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. have embarked on...
UNCTAD Reports Sharp Decline In Suez Canal Freight Amidst Houthi Attacks
Freight passing through the Suez Canal has nearly halved due to Houthi attacks, causing disruptions, increased costs, and environmental concerns.
The UN agency...
Houthis Target British-Owned Tanker: INS Visakhapatnam Responds
Yemen's Houthi rebels executed a major attack on the British-owned tanker Marlin Luanda, marking their deadliest assault yet.
In response, the Indian Navy...