Yearly Archives: 2024
Navigating Uncharted Waters: Challenges And Adaptations In The Shipping Industry
The shipping industry faces unprecedented challenges, from scheduling chaos and information flow issues to geopolitical risks.
For resilient navigation, it requires adaptability, collaboration,...
Greek Shipowners Lead Global Resurgence With Record Newbuild Investments
Greek shipowners are making their most significant newbuild investment since 2013, committing around $18 billion in 2023, a remarkable 60% increase year-on-year.
This...
Maritime Industry’s Quest For Net Zero By 2050
The maritime industry embarks on a decarbonization journey, learning from past environmental crises.
Corporate Social Responsibility (CSR) evolves into a net-zero race by...
Panama Canal Bidding Wars Ebb As Shipping Congestion Eases
The cost for securing priority slots at the Panama Canal, once reaching multimillion-dollar highs, has significantly dropped as congestion at the canal diminishes.
...
Mainline Shipping’s Q1 Windfall: Freight Rates Surge Amid Security Concerns
Mainline shipping operators are poised for a profitable first quarter in 2024 as freight rates surge, surpassing the expenses of redirecting vessels around...
100 Ships Resumes Sail Despite Risks In Red Sea
Despite warnings, over 100 vessels, including oil tankers, persist in transiting the Red Sea, underscoring increased regional risks.
Industry advice to avoid the...
Maersk Navigates Security, Sends U.S.-Flagged Ships Through Red Sea
Maersk has deployed two U.S.-flagged container ships, Maersk Sentosa and Maersk Kensington, through the Red Sea, transporting goods for the U.S. military and...
Houthi Rebels Hit US-Owned Cargo Ship In Gulf Of Aden
Houthi rebels have hit a US-owned cargo ship with a ballistic missile off the coast of Yemen.
The vessel reported "no injuries or...
MOL Halts Ship Entry Into Red Sea Amid Security Concerns
MOL's scheduled ship entry already limited to 'a few vessels.'
NYK mulls 'halting or changing routes' for ships transiting Red Sea.
Impact of...
China Warns Of Potential COVID Resurgence Driven By JN.1 Subvariant
China warned of a potential resurgence of Covid this month driven by the JN.1 subvariant.
The National Health Commission (NHC) highlighted the increasing...