Yearly Archives: 2024
Panama Canal Reports Overall Transit Decline, But Container Shipping Surges
While the Panama Canal experiences a 42% YoY decline in overall transit trends for December 2023, container shipping shows resilience with a 5%...
Maritime Industry Grapples With Soaring Shipping Costs Amid Red Sea Attacks
The maritime industry is grappling with soaring shipping costs following a series of missile and drone attacks by Houthi militants in the Red...
Navigating Choppy Waters: Challenges For Shipowners Under The EU ETS
Despite the European Union's Emission Trading System (EU ETS) taking effect in January, shipowners face challenges in adapting to the new emission regulations.
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Exploring The Depths: Migaloo M5, The World’s First $3 Billion Super Luxe Submarine
In a groundbreaking development for the world of underwater exploration, the Austrian-designed Migaloo M5 is poised to redefine luxury beneath the ocean's surface.
...
MABUX Bunker Weekly Outlook: Trends, Concerns, And Initiatives
In Week 04, MABUX's global bunker indices experienced irregular changes, with the 380 HSFO index nearing the $500 threshold and the VLSFO index...
Contract For Estonia’s First Eco Friendly Multipurpose Vessel Signed
Baltic Workboats AS signed a contract for the design and construction of a new multipurpose vessel with the Estonian State Fleet.
The vessel...
Crude Oil Hits November Highs Following Another Attack
Explosion hits 1 nautical mile from tanker with Russian oil.
Houthi attacks have disrupted global trade in recent weeks.
Oil rallied to the highest...
ICS Report Highlights Improvements In Flag State Performance
Updated Flag State Performance Table shows an increase in positive performance indicators amongst smaller Flag States.
Flag States that have a majority of...
Xeneta: Freight Rates To Rise Further In February
Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis.
From the...
Sea-Intelligence: Sharp Surge In Emissions Amid Red Sea Crisis
Sea-Intelligence has predicted that maritime companies’ CO2 emissions would rise as a result of the ongoing Red Sea crisis.
There are three factors...