Yearly Archives: 2024
IMO Expresses Approval For The United Nations Security Council’s Resolution
IMO Secretary-General expresses approval and endorsement of the United Nations Security Council's resolution.
The IMO advocates for collaborative efforts to ensure the safety...
Japanese Built RO-RO Vessel With Innovative Cargo Deck
JMU has delivered a new freight-only Ro-Ro vessel to Asuka Kisen.
JFE Kokuryu features a cargo deck designed to handle both wheeled vehicles...
Global Bunker Market Shows No Clear Trend
No sustainable trend observed in the global bunker market as of January 17th.
The MABUX World Bunker Index, calculated based on current prices...
Industry’s First Methanol-Powered Sustainable Shipping Fund
Guangzhou Shipbuilding International (GSI) completes the construction and delivery of the 50,000-ton methanol dual-fuel oil tanker, Stena Progressive, to Proman Stena Bulk.
The...
The Impact Of Decreased Suez Canal Revenues On Egypt’s Financial Stability
The Suez Canal is vital to the Egyptian economy, contributing 2% to the national Gross Domestic Product (GDP).
The current crisis in the...
Methanol Superstorage Solution Revolutionizes Maritime Fuel Storage
As the maritime industry seeks sustainable and low-emission alternatives, 'green' methanol has emerged as a potential solution. Derived mainly from natural gas, methanol offers...
Singapore’s Record Biofuel Sales In 2023
Singapore has made significant progress in the supply of alternative fuels as bunker sales of biofuel blends increased to 520,000 tonnes in 2023, which...
Maritime Rush To Charter More Ships Amidst Red Sea Conflict
The security situation and diversions in the Red Sea have compelled container lines to seek additional ships, impacting both spot container freight rates and...
Greek Vessel Struck By Houthi Missile In Red Sea
Yemen's Houthi rebels have targeted a Greek-owned bulk carrier, sailing from Vietnam to Israel in the Red Sea. The Iranian-backed group claims a successful...
China’s Evolving Trade Dynamics Reflecting Economic Realignment
China's economic ties are shifting as it exports more to Southeast Asia than the US for the first time.
While a decoupling with...