Yearly Archives: 2024
QatarEnergy Adjusts LNG Shipping Amidst Red Sea Attacks
QatarEnergy, a leading LNG exporter, temporarily halts shipments via the Red Sea due to Houthi attacks, causing delays for Qatari tankers.
Considering alternative...
Container Freight Market Disruptions: FBX Index Insights
Global container freight rates surge amid Red Sea crisis, impacting transatlantic and Asia-Europe routes.
FBX indices, particularly FBX11 and FBX13, show substantial increases.
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World Economic Forum’s “Disease X” Sparks Social Media Firestorm
The World Economic Forum's meeting on preparing for the theoretical pandemic "Disease X" stirs controversy, with right-wing circles fearing parallels to Covid-19 measures.
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Shipping Corp’s Strategic Move: Acquisition Of Five Vessels Worth Rs. 2,000 Crore
India's state-run Shipping Corporation of India (SCI) is set to purchase five second-hand ships, signaling a strategic move to fortify its fleet amid...
[Watch] World’s Largest Container Ship Sets Sail For Sea Trials
The world's largest container ship built by a Chinese company, set sail for sea trails on Tuesday in Nantong City, east China's Jiangsu Province.
Did...
ICTSI Commits To Zero Emissions By 2050
International Container Terminal Services, Inc. (ICTSI) is taking a significant step towards a more sustainable future by committing to achieve net zero greenhouse...
Lessons Learned: Crew Sustains Head Injury During Heavy Weather
IMCA reports of a head injury when crew member fell over in bathroom during heavy weather.
Cause: The vessel was transiting at full...
Oil Slips About 1% Despite Middle East Conflict
Oil prices weakened as the Middle East conflict's limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week.
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Red Sea-Suez Crisis: Asia-Europe & Mediterranean Rates Quadruple!
The Red Sea crisis is having a global ripple effect on freight rates with shipping costs between Asia and the U.S. now spiking...
Red Sea Shipping Attacks: Tesla & Volvo Halt Production In Europe
Automakers Tesla and Geely-owned Volvo Car are suspending some production in Europe due to a shortage of components.
This is the first clear...