Yearly Archives: 2024
Red Sea Shipping Disruptions on Global Trade And Chemical Industry
Route diversions around Africa mean longer transport times and higher prices. The ongoing disruption of shipping in the Red Sea is having repercussions for...
Variable Trends Define Global Bunker Market Dynamics
On January 23, there was a marginal uptick observed in the MABUX World Bunker Index, which is calculated using prevailing prices for 380 HSFO,...
Shipping Firm’s Utilization Of Saudi Land Routes To Bypass Red Sea Threats
A German shipping group has implemented land corridors across Saudi Arabia to counter the potential threat of Houthi rebel attacks targeting vessels using...
Marshall Islands Joins The Hong Kong Ship Recycling Convention
The Republic of the Marshall Islands has become a contracting party to the Hong Kong International Convention for the Safe and Environmentally Sound...
All You Need To Know About The World’s Largest Cruise Ship!
The world’s largest cruise ship, ‘Icon of the Seas’, is set to sail on its maiden journey starting January 27. Till now, the title...
AI Helps Tech Giants Hit $10 Trillion Market Capitalization Ceiling
The world's biggest tech giants have swelled more than $1 trillion in valuation, thanks in part to investments and advancements in generative AI –...
The Impact Of Panama Canal Restrictions On Trade
As the Panama Canal grapples with draught restrictions imposed to address declining water levels, containerships emerge as relatively resilient compared to other shipping sectors....
Setting Sail With Intelligent Systems For A Greener Tomorrow
The innovative net zero emission intelligent ocean-going cargo ship developed by CCS, Fujian Guohang Ocean Shipping, and Shanghai Bestway Marine Engineering Design represents a...
EUAs For EU-ETS Compliance Drop Below €60/mt CO2e
The price of EU Allowances (EUAs) used for compliance with the European Union's emissions trading system has dropped significantly at the start of 2024,...
MSC Cruises: Building Next-Generation Cruise Ships
The shipping conglomerate plans to build the ships in the next five years for 30-year operations. Fuel flexibility will be vital, says MSC Cruises...