Yearly Archives: 2024
The MEG Runs With Significant Strength
LR2
LR’s in the MEG have strengthened this week. The 75kt MEG/Japan TC1 index rose about 48 points to WS200.56 ($49,522 / day TCE round-trip)....
Panamax Triumph : South Atlantic Boosts Global Tonnage Demand
Capesize
The capesize market experienced a varied week with distinct developments in both the Pacific and Atlantic regions. At the start of the week, a...
HELCOM Joins Forces With Save The Baltic Sea Campaign
HELCOM partners with the Save the Baltic Sea campaign, a nine-month hiking expedition covering eight countries, organized by Lithuanian NGO Už švarią Lietuvą.
...
Resilience Amid Chaos: How Asia And Europe Navigate LNG Market Challenges
Despite disruptions in the Red Sea, Asia and Europe are expected to navigate through the winter without major issues regarding liquefied natural gas...
Surging Ocean Freight Rates Amidst Panama Canal And Red Sea Disruptions
Disruptions in key trade routes are driving a surge in ocean freight rates, with the global average container rate surpassing $3,000 per 40-foot...
Navigating Challenges: The Southern Red Sea Shipping Disruption
The oil market anticipates prolonged shipping disruptions in the southern Red Sea due to Houthi attacks.
Tanker charters reveal a growing trend of...
Watch Videos To Boost Immunity – A Study
A study by the Universities of Hamburg and Tübingen revealed that watching videos of COVID-19 symptoms, such as sneezing or coughing, led to...
Cargo Shipping In Flux: EU ETS Tax Sparks Concerns
The EU Emissions Trading System (ETS) tax, implemented on January 1, faces criticism in a European Parliament report, alleging that it prompts cargo...
Hapag-Lloyd And Maersk Join Forces For Sustainability
Hapag-Lloyd and Maersk's strategic operational alliance, the GEMINI COOPERATION, aims to reshape global shipping dynamics.
With a fleet pool of 290 vessels and...
Seafarer Safety Needs To Come First In Red Sea, Say Shippers
Seafarer safety is paramount in the context of the Red Sea and attacks on international shipping.
Seafarers are innocent victims in the volatile...