Yearly Archives: 2024
Navigating The Shifting Tides: Strategies For Shippers And Carriers In 2024
The logistics industry is experiencing a transformative shift, with shippers gaining leverage in the market.
As we enter 2024, Sifted co-founder Caleb Nelson...
Houthi Rebels Attack US Defense Cargo Ships; Qatar Reports Impact On Gas Shipping
Two American-flagged ships, transporting cargo for the US defense and state departments, came under attack by Yemen's Houthi rebels.
The US Navy intercepted...
New Studies Raise Concerns Over Severity Of Highly Mutated COVID Variants
New studies suggest that the highly mutated COVID variants, BA.2.86 and JN.1, may lead to more severe disease than other Omicron variants.
These...
Chinese Shipping Lines Capitalize On Red Sea Crisis, Exploiting Security Gap
Smaller Chinese shipping lines are seizing an opportunity in the Red Sea crisis by redeploying vessels to ports like Doraleh, Hodeidah, and Jeddah,...
Shipping Disruption Escalates: Red Sea Crisis Hits Product Tankers Hard
The ongoing Red Sea crisis is disrupting the shipping industry, affecting container and product tankers like LR1s and LR2s.
Vessels detouring around Africa's...
Shipping Costs To Asia Jumps 182% Amid Red Sea Attacks
Diversions away from the Red Sea stretch out tanker fleet.
Ships that were charging $30,000 a day now cost $83,000.
A surge in oil...
Red Sea Disruptions Rekindle Inflation Fears
Houthi attacks in the Red Sea have disrupted crucial trade routes between Europe, the Middle East, and Asia.
Rerouting by major shipping companies...
Red Sea Attacks Push BHP To Divert Shipping
BHP Group is diverting almost all of its shipments from Asia to Europe away from the Red Sea.
Some shipping companies have instructed...
Fearnleys Tanker Report: Suezmax Market Will Keep The Pressure On
Fearnleys published its weekly tanker report for Week 4 on January 24, 2024.
VLCC
In the MEG, KPC fixing ws59.5 to China on Tuesday came as...
PMA & ITF Strengthen Collaboration For Seafarers’ Rights
PMA and ITF aims at enhancing cooperation to safeguard the rights, safety, and security of seafarers engaged on Panama registered vessels.
MoU signifies...