Yearly Archives: 2024
US Crude Production Surges, Reshaping Tanker Markets
The Tanker Market Report dated 19.01.2024 discusses the unexpected growth in US crude production in 2023, surpassing initial projections. The surge was fueled by...
Global Bunker Market Sees Uptrend By Week’s End
The Global bunker market experienced an uptrend towards the end of the week.
The MABUX World Bunker Index, which reflects current prices for...
Ocean Freight Shipping Rates Set to Rise Further
In a release sent to Rigzone late Tuesday, Xeneta said its latest data forecasts ocean freight shipping rates are set to rise further in...
Ocean Infinity Receives Last Ammonia-Ready Armada Vessel
Ocean Infinity, a marine robotics company based in Houston, received the final of eight new high-tech Armada vessels designed to be ammonia-ready.
The...
Wallem Westminster Partners with Adopt A Ship Programme
Wallem Westminster, Manila, is proud to partner with the IMO-endorsed ‘Adopt a Ship’ program (AaS). Working together with San Antonio Elementary School (SAES), Wallem Westminster’s senior officers...
Panama Canal Welcomes First Chief Sustainability Officer
The Panama Canal appointed its first-ever Chief Sustainability Officer (CSO) to drive environmental sustainability initiatives.
The Canal is collaborating with the International Finance...
The Baltic Dry Index Retreated With Weakening Capsize
The Baltic Dry Index faced headwinds.
Copper experienced a modest 0.7% rise.
The Baltic Dry Index retreated by 3.0%.
The Baltic Dry Index faced...
Red Sea Crisis Deepens Shipping Industry Challenges
Security risks in the Red Sea have disrupted shipping routes.
Shipping companies are implementing increased security measures.
This increment reflects the base rates...
Red Sea Shipping Delay Created Sea-Air Routes
Container shipping lines avoid the Red Sea route and prefer airways.
Businesses are turning to air transport for Asia exports.
Air Freight rates...
THE Alliance Announces Service Network Adjustments For 2024
The setup of THE Alliance’s network has been reconfigured to ensure comprehensive port coverage. The enhanced service setup will be effective from April 2024.
Deploying...